Cancun, a tropical haven, will host a massive bash featuring DJ Tiesto from March 31 through April 3. However, this is a party organized and hosted by a collective of NFT members. The rebellious spirit of those who choose to celebrate life is captured in Party Degenerates, a collection of 10K NFTs. “The Trip” is the name of Tisto’s new concert. What makes this unique is that Party Degenerate token holders will gain access to exclusive experiences such as a bottomless VIP brunch hosted by Tisto, sunrise and sunset beach parties, and general admission to all performances.
Additionally, other artists performing at the event include ACRAZE, Joel Corry Kiko Franco 2AR, ANG, Dombresky, Luis Torres, Ms. Mada, Natalia Roth, Tini Tun, VER: WEST, Callie Reiff, Loud Luxury, Max Styler, and Morten.
Who are Party Degenerates?
As of October 20, 2021, the Party Degenerates are an NFT collectors’ collective whose first drop raised $23.5 million in just 24 hours. The project’s goal is to improve the utility of NFTs. In the group, token holders are referred to as “members” because they hold tokens. In the past, Party Degenerates have hosted members-only events with artists such as Dillon Francis, Marco Carola, Damian Lazarus, Jauz, me b2b Dixon, Guy Gerber, Anfisa Letyago, BLOND:ISH, Kaz James, and Gab Rhome. By virtue of token ownership, both Gary Vaynerchuck and Steve Aoki are members of the collective team, according to the team OpenSea’s floor price for Party Degenerates NFTs is 0.21 ETH with 3,600 owners at the time of this writing. The cost of membership is a bit high, but it is still less expensive than most country clubs.
Party Degenerates co-founder and NFT collector SEEDPHRASE said,
“We’re incredibly excited to connect Party Degenerates with one of the world’s greatest DJs, Tiësto; the metaverse pioneers The Sandbox; NFC; and Pollen, a curator of unforgettable experiences.”
After their trip to Tiesto, the Party Degenerates take their party planning skills to the internet. They will be hosting the “Jungle Afterparty” at Non-Fungible Conference in April as an afterparty for The Sandbox “Jungle.” Participants from the NFT community from all over the world will gather for two days of presentations, seminars, workshops, and hands-on activities. Speakers include Sorare, World of Women, The Sandbox, Screenshot, VeeFriends, and NonFungible.com.
The NFTS’s value
NFTs have long been intended to have practical applications in the real world. Gary Vaynerchuck’s VeeFriends, for example, provides holders with access to events, mentorship, and other tangible benefits. Despite all the talk about how NFTs can change the music industry, they seem to be lagging behind. Independent artists and NFT enthusiasts are taking the initiative to use the tools they are familiar with to bring music into the 21st century. On NFT platform Royal.io earlier this year, rapper Nas sold royalty rights to two of his songs. Under the slogan “Invest in artists,” other artists are selling their work as well. They mean what they say when they say, “Own your favorite music,” and they mean it.
Those who oppose NFTs argue that they are overpriced JPGs. In the minds of those who understand the technology, there is far more to the smart contract than the art it contains. Non-fungible assets can open up a world of possibilities for creatives around the world thanks to automated contracts. The average person would not be able to build the legal and technological infrastructure needed to do what can be accomplished with a few lines of code. NFTs are lowering the barriers to creative autonomy. This new era is just getting started. Assuming everything goes as planned, we’ll no longer have to worry about artists struggling to make ends meet.