(AUSTIN, TEXAS — July 27, 2022; source: Juice Consulting) — Austin-based company festivalPass is excited to introduce its Founder NFT with immediate utility and VIP access to quarterly bucket list events: the Festival Family Founders NFT is the first NFT of its kind providing immediate value that grows over time. Buyers of the unique NFT receive one of a limited collection of 10,000 Founder NFTs only available in this collection and will never be offered again. Once purchased, the Founder NFT unlocks $1,200 worth of credits on festivalPass every year for as long as they hold the NFT. festivalPass credits can be redeemed for tickets on the platform for over 80,000 live events including concerts, festivals, sporting events, Broadway theater and more. Credits can also be redeemed for hotel room nights at over 600,000 hotels globally. For more information, see here.
In addition to the immediately unlocked $1,200 of credits, NFT holders will have access to quarterly bucket list events curated and produced by festivalPass. These unique, NFT holder-only events will be once-in-a-lifetime experiences such as popular artists playing small, intimate shows, luxury seating at sporting events with player experiences, and unique culinary events with celebrity chefs not available anywhere else. The only way to attend is by holding a Festival Family NFT.
“We are excited to offer our members and the Web3 community the opportunity to own part of their IRL experience,” said festivalPass Founder & CEO Ed Vincent. “It is important for NFTs to demonstrate true utility and benefits for the NFT owner. The Festival Family Founder NFT provides the ultimate utility with amazing benefits and access. The limited number of holders will join a special family of passion-connected live-event and Web3 enthusiasts building the future of the experiential world together.”
Festival Family will be sold in a unique way. Most NFT projects with a collection of 10,000 are released for a public mint at once, whereas Festival Family will be released in 10 drops of 1,000 NFTs each. The first drop will be sold at the lowest price in order to reward supporters for getting in early. Once the initial 1,000 are sold out, a second drop of 1,000 will be released at a higher price. Additionally, each drop will come with its own unique base art representing the unique personalities of live event fans everywhere. The first drop will be the coveted rocker character named Legend. The other nine member characters of the Festival Family will be revealed as each installment is released. Some investors may want to own the whole family, so getting Legend early at the lowest price will be in high demand.
festivalPass is embracing the evolution of entertainment into Web 3. In addition to adopting various blockchain technologies to drive its business, the company shares the philosophical belief that community is the core of any business and should participate in its future. In addition to launching the first ever Lifetime Founder NFT for live events, festivalPass accepts cryptocurrency for subscription and ticket payments.
“When we founded festivalPass, it was under the belief that live entertainment should not be transactional,” said Ed Vincent. “We envisioned a community in which members could interact and share around the entertainment passions they hold and where their participation is rewarded. Web 3 supports our mission and goals to bring participation and ownership to the live event world. With the introduction of our Lifetime Founder NFT, our community can mint and own a piece of our collective future and have the freedom to choose to buy/sell their NFT in the secondary market as they deem right for them.”
festivalPass’s mission is to inspire people to lead active and engaging lives through passion- connected member experiences. The team at festivalPass spans the globe from Austin, New York, Aspen and Detroit to as far away as Lisbon and Bali. Founded by CEO Ed Vincent, a 25+ year proven entrepreneur and product leader with multiple exits, the unique marketplace model has attracted high profile investors and a growing team of senior executives.
Notable investors and advisors include Brian Sharples, co-founder VRBO/HomeAway, Shelli Taylor, CEO of Alamo Drafthouse, Jason Dorsey, Millennial and Gen Z Expert, Jacob Trouba, NHL Hockey Player for the NY Rangers, Lisa Licht, Former CMO of Live Nation Concerts, Geoff Cottrill, CMO of Top Golf, Tom Chavez (sold Krux to Salesforce and Rapt to Microsoft), and Townsquare Media, America’s third largest radio network.
For more information on festivalPass, please visit here.