This whole NFT thing is getting quite crazy, isn’t it? Afterparty, the Web3 company, has announced they will be hosting the world’s first annual NFT-Gated Art and Music Festival. Basically, no tickets will be sold, and instead, the only way to attend is if you have a specific NFT. The Chainsmokers and The Kid LAROI will headline the event along with 25 other artists.
At least the event is in person rather than virtual! It will take place on March 18th and 19th in Las Vegas at AREA15. Afterparty is leading the way in what NFTs can become.
There are 3 ways you will be able to attend this show. The first is to buy an Afterparty Mintpass. This will allow an attendee to mint a Utopian NFT which grants artist-level access to the festival for the next 5 years. The current floor price for one of these is 40 ETH (over $125,000 at the time of writing).
The second method to get access is to buy Afterparty Utopians. This is a golden ticket of some nature, with the smooth price of 50 ETH. A buyer gets “all access”, which unlocks both real-world and metaverse experiences and gains access to artist-level connections at the festival. The final method is the cheapest but luckiest.
The only other way to attend is to be invited by an NFT holder, who is allowed 1 guest and 2 additional passes for friends. There are currently 1,500 NFTs available.
We’re not 100% sure how to feel about this. While this seems like an innovative idea in the event space, the price to attend an event like this feels somewhat outrageous.