ColassalBit, a Blockchain, Cryptocurrency and NFT development company, will launch MetaTerrace, a Metaverse inspired lounge/restaurant in Dubai. The MetaTerrace will combine both digital and physical realities, allowing users to experience the immersive nature of the Metaverse. The MetaTerrace will launch on December 30th.
MetaTerrace: A new Metaverse Experience
The Metaterrace will be located in Central Park Towers in the Dubai International Finance Centre. The Metaterrace will have its own virtual reality room that creates a Metaverse style experience for its users. The experience will enable people to visit new worlds, have a drink (virtually) and talk to others about the world of cryptocurrency.
Furthermore, the MetaTerrace will hold an inaugural event on December 30th, including live music and other surprises. The event will be broadcast by Ibiza Global Radio, allowing others to share the event’s magic from the comfort of home.
Similarly, the Metaterrace wants to become the centrepiece of the Dubai Crypto scene. Ciro Arianna, the co-founder and CEO of Metaterrace and ColassalBit, had this to say about ColassalBit’s new venture:
“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 centre of Dubai’s crypto scene, where enthusiasts and innovators can launch their projects, host meetups, and uphold the community spirit,”
As a result, ColassalBit sees Metaterrace as a way to expand and innovate within the NFT and cryptocurrency space. Likewise, the company sees NFTs/ the Metaverse as industries with massive potential. Christian Chalfoun, CTO of ColassalBit, said:
“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.
ColassalBit is Actively Exploring the Metaverse
Metaterrace is not the first attempt by ColassalBit to explore the Metaverse and NFTs. ColassalBit was one of the first companies to invest in Kaloscope, a social metaverse company, and create an AR NFT mural.
Kaloscope is a platform that enables users to interact with NFTs through VR, AR and XR. Similarly, Kaloscope allows users to own Metaverse spaces, making it easy to share NFT collections. The platform also enables users to earn real-life rewards with the Metaterrace.
All in all, ColassalBit is leading the way in Metaverse and NFT technologies. The Metaterrace is just one example of this. In the future, we should expect to see the company invest in more Metaverse projects as the market continues to expand.