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Mandala Club<\/a> is the latest private members\u2019 club to issue NFT memberships. Holders of the digital collectibles will have access to incredible perks. The NFTs have real-world utility and are not for speculation purposes only. For the first edition of the NFTs, there are a total of 250 pieces selling on a first-come, first-served basis. Dubbed the Genesis Pass<\/a>, each piece goes for S$15,000 ($11,180 USD) and 50 of these rare NFTs have already been snapped up.<\/p>\n Speaking to reporters, Drew Mills, head of marketing at Mandala, notes that the NFTs offer insights into how Web3 technology builds communities and influences culture within the private club space.<\/p>\n To add more unique value, he Genesis Pass combines the physical and digital, a phenomenon known as \u201cphygital<\/a>.\u201d<\/em> In this case, the NFTs offer access to next-level VIP access to real-life and virtual experiences such as parties, summits, festivals, mixers, culinary events, and more. Benefits that go far beyond the regular club membership fee of S$5,500 ($5000 USD).<\/p>\n Mills insists that unlike most NFTs, whose value comes from speculation, the Genesis Pass has real-life utility. This provides holders with the assurance that they are investing in something that exists in the real world.\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/p>\nMandala Club NFTs Combine Physical And Digital Elements<\/h2>\n