ColossalBit, a Dubai-based development company for cryptocurrency, blockchain and NFTs, has launched MetaTerrace, a lounge restaurant in the Central Park Towers, Dubai International Financial Centre (DIFC).
MetaTerrace is described as a “one-of-a-kind” establishment converging the digital and physical worlds in line with the principle of the metaverse.
MetaTerrace is set to go live on Thursday. Predicated on the metaverse, the lounge-restaurant offers night-life enthusiasts a unique opportunity to get a glimpse of what the digital future looks like.
The MetaTerrace will have it own VR room that will facilitate a “metaverse experience”. The VR glasses will enable people to visit alternative worlds, have drinks, engage in NFT and crypto discussions — all at the fingertips, on a futuristic MetaTerrace.
The inaugural event will also feature live DJ music and will be broadcast by Ibiza Global Radio.
The MetaTerrace VR room will continue to be available in 2022 so people will be able to interact and enjoy the metaverse experience.
“With a spectacular view of the Burj Khalifa and Dubai skyline, combined with an option to transact and make bookings in most cryptocurrencies and blue-chip NFTs, MetaTerrace has all the makings to become the center of Dubai’s crypto scene, where enthusiasts and innovators can launch their projects, host meetups, and uphold the community spirit,” said Ciro Arianna, co-founder and CEO of ColossalBit and MetaTerrace.
Facebook’s recent rebranding to Meta has fuelled discussions on metaverse and how blockchain-linked asset classes like NFTs and crypto fit the narrative.
Several leading brands have since made a foray into virtual ways, with Nike recently acquiring RTFKT, a creator-centric, metaverse-ready brand while Adidas sold its NFT range featuring G-Money, Bored Ape Yacht Club (BAYC) and Punks Comic recently, raising more than $23 million.
“If anything, NFTs and the Metaverse are just the tips of the iceberg; we haven’t still seen their full potential and the impact they’re going to have on our future,” said Christian Chalfoun, CTO of ColossalBit and Kaloscope.
ColossalBit is an early investor of Kaloscope, a social metaverse start-up, looking to consolidate a fast-growing yet fragmented NFT sector.
“Kaloscope is innovating the NFT space by providing a platform to project, collect and interact with NFTs in mobile AR/VR/XR. Creating a new and easier way to share your NFT collection with friends while allowing users to own exclusive metaverse spaces,” added Kirck Allen, CEO and co-founder of Kaloscope.
ColossalBit’s portfolio includes the world’s first augmented reality NFT mural called Future NFT Dubai, the ST Dupont pen that football legend Diego Armando Maradona used in 1984 when he signed for the Italian side Napoli, and the world’s first NFT-linked fine dining and art experience.
(Except for the headline, this story has not been edited by The Technology Express staff and is published from a syndicated feed)
