My Virtual Asset Exchange Covit announced on the 18th that it will sell Non-Fungible Tokens (NFT) of the Electro Music (EDM) festival “ULTRA KOREA 2022.”

The NFT will be sold on the Covit website from the 22nd, and customers who purchase the NFT can enter the Ultra Korea 2022 (PGA) for two days at the “Ultra Korea 2022” held in Seoul on September 24 and 25.

The purchase method must be completed by confirming the customer and linking the Shinhan Bank account after registering as a member of Korbit. NFT purchasing customers must go through the process of proving that they are NFT owners at the site when entering “Ultra Korea 2022,” and NFTs purchased once cannot be released or transferred.

CEO Oh Se-jin said, “As it is the first festival in three years in the aftermath of COVID-19, we can keep it as an NFT for the rest of our lives and remember the festival more meaningfully,” adding, “We will continue to introduce Korbit’s NFT to many people in connection with various events.”