For Mandala Club, this translates to a “phygital” model that provides next-level VIP access to an exclusive eco-system of IRL (in real life) and virtual experiences encompassing talks, summits, mixers, parties, festivals, culinary events and more – above and beyond the club’s S$5,500 regular membership.
After all, the success of NFTs beyond being speculative – and possibly dubious – digital assets tend to be those that come with some sort of real-world use, and that is therefore how the Genesis Pass has been structured.
“There’s a reassurance knowing that you’re buying into something that is already a physical space. You know where we live, we’ve [shown] our faces, we talk to journalists. I think there’s a level of reassurance particularly when we’re promoting the utility being very IRL,” Mills remarked.
A 12-MONTH ROADMAP OF EXCLUSIVE PRIVILEGES
Existing Mandala Club members can “top-up” their initial membership fee to convert to the Genesis Pass, which also gives holders access to 40 reciprocal clubs within the Mandala Club network worldwide in London, Paris, San Francisco, Sydney and the Philippines, to name a few.