A little update on the Fyre Festival Fiasco.
After the original Fyre festival fell apart, organiser Billy McFarland served four years for fraud. Fresh out of jail, Billy unveiled "Fyre Festival 2" which promptly flopped and was "indefinitely postponed".
So Billy auctioned the Fyre Festival brand, including its "trademarks, IP, digital assets, media reach, and cultural capital" (sic!).
A company called LimeWire paid $245,300 for the package. This is not the early 2000s file-sharing LimeWire but another outfit which bought the original brand and turned it into a marketplace for NFTs.
So a cryptobro company which sells NFTs bought the rights to a festival which is synonymous with bad organisation.
Serves them right.
https://www.the-independent.com/tech/limewire-fyre-festival-nfts-b2827792.html


