Just over a week ago, Coachella announced that they would be hopping onto the NFT bandwagon. For their collection, partnered with cryptocurrency exchange FTX US, Coachella unveiled a large collection of NFTs, with some that granted valuable benefits like their Key Collection. The most prestigious item of the bunch was their Infinite Key. The auction ended on Friday night, with the highest bidder paying $270,000 for the virtual item.
Whoever owns the Coachella Infinite Key receives superstar status when it comes to attending the festival. Check out the description of the NFT:
Your key to the magic of Coachella… forever. Featuring Lifetime Coachella Guest Passes, front and center views at the Coachella Stage, all-inclusive culinary experiences, private transportation, and free access to future virtual events and adventures. Guest Passes entitle you to all VIP areas within the Festival grounds plus dedicated viewing areas at most stages, backstage compound access, and guest golf cart transportation.
As you can see, they fully roll out the red carpet for the owner of the 1-of-1 Infinite Key. Owning one of these would truly be the ultimate music festival flex. And for those who have seemingly limitless amounts of money, it could easily be worth the price.
Like all NFTs, these keys are fully tradeable and can be bought and sold. You can view the NFT at the link here.