Fellaz, a Singapore-based Web3 entertainment and lifestyle eco-system, is set to introduce a new NFT-based membership service.
Members will be offered exclusive access to a community with the same membership status, which will enable direct communication with other members through a protocol.
The membership can also be used as a premium admission pass to exclusive real life events or services offered by companies that represent the Fellaz Alliance. Through token gating and an NFT (non-fungible token) verification solution, online and offline transactions will be seamless and secure.
Perks are easily redeemed and members can choose to opt out and sell their membership status if they wish.
The name of the first product will be revealed in due course, but the Fellaz NFT membership has partnered with a music festival brand, which will be minted in the first quarter of next year.
Holders of this particular NFT will be given access to the music festival, along with a range of benefits that can be redeemed onsite during the event. The event and brand will be announced later this month.
“We are paving the way for the next generation of entertainment, bringing together world-renowned entertainment IP and the most innovative Web3 technology,” said Bobby Bhatia, chief executive of Fellaz.
“I am delighted to see Fellaz take on the position of a pioneer in bringing together in real life events and commercial brands, connecting the users through Web3 technology. We hope to continue to become an aspiring model for Web3 that has yet to find a real-world use case that benefits the users.”