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Before falling victim to super-festival FTX, Coachella announced last February that it would offer lifetime access to anyone who owns the “Coachella Keys” NFT collection.
of Coachella Key is an exciting collection.it consists of 10 unique NFTs, and holding it gives you lifetime access to annual events. It is an irresistible item for his hardcore NFT party lovers. In parallel with this Coachella NFT Marketplacecurrently left empty.
It’s unfortunate that a popular festival has signed with FTX.By doing so, it is now trapped $1.5 million NFTs on destined exchanges.
It is currently unknown how many of these assets were held before FTX collapsed. But I do know that Coachella is doing everything it can to keep them out.Like many of you, we have been watching this news play out online for the last few days and are shocked by the results.said a staff member on the Coachella Discord server.There is currently no way to contact the FTX team.“
It would be interesting to discover how many NFTs were lost due to FTX decay. If there is hope, most of them can be saved, but all we can do now is wait and see. Indeed, FTX’s failure added to an already skeptical market. Sometimes there are regulations and relief To regain the trust that exchanges once had.
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*All investment/financial opinions expressed by NFT Plaza are based on the personal research and experience of the site moderators and are intended for educational material only. , the product should be thoroughly investigated.
