Crypto Oasis launches the Cove Beach arena in the Metaverse with Exscape at the annual Ecosystem Night
Crypto Oasis, the fastest growing Web3 ecosystem in the world, hosted top organizations and global industry players for its annual Ecosystem Night on March 2, 2023. The event aimed to celebrate the latest advancements in the global and local Web3 ecosystem, showcases cutting-edge technology and cutting-edge ideas in the world of crypto and blockchain.
The prestigious event, in its second year, took place at Cove Beach, a stunning venue that forms part of the famous Caesar’s Palace on Bluewaters Island. As one of the most popular places in the city, it attracts visitors from all over the world. At the event, Crypto Oasis launched several Web3 integrations with the venue.
The first was the creation of Cove Beach in the Metaverse by Exscape. The initiative was created and developed in less than six weeks with a hyper-realistic environment for people to walk around and visit the venue using a VR headset from anywhere in the world. Exscape, the co-host of the Crypto Oasis Ecosystem night, is a metaverse-based social platform as well as a metaverse builder that concentrates on creating experiences for audiences in exclusive venues such as Cove Beach.
The second integration was the launch of the Cove Beach NFT-based membership program for those interested in purchasing an annual membership to the venue. A large 12.5 meter wall at the venue has been converted into a Founder’s Mural by Faisal Zaidi, and was digitized and divided into 100 parts. Each digital artwork sold represents its counterpart on the physical wall and will earn the owner an annual membership to the Cove Beach Club.
Left: Faisal Zaidi, Co-Founder of Crypto Oasis; middle: Ralf Glabischnig, founder of Crypto Oasis; right: Saqr Ereiqat, co-founder of Crypto Oasis. Source: Crypto Oasis.
Ralf Glabischnig, founder of Crypto Oasis, said:
“We are excited to integrate Cove Beach, our destination for our annual Ecosystem Night, into the Web3 world through the launch of the Metaverse experience and membership as NFTs. The Cove Beach metaverse will provide members with an exclusive and immersive experience that blurs the boundaries between the physical and virtual worlds, while Membership NFTs will allow holders to own a piece of Cove Beach through the venue mural.”
Adel Ghazzawi, co-founder of Cove Beach, said:
“We are thrilled to have partnered with Crypto Oasis to launch the Cove Beach metaverse and our annual membership NFTs. Metaverse is the future of social interaction, and NFTs are the future of financial interaction. We are excited to be able to offer our members a unique experience that combines the physical and digital worlds. The Web3 community is a very important part of the community in Dubai and they are an integral part of the audience that visits our venue.”
Exscape CEO Mehdi Cherif stated: “We are delighted to have partnered with Crypto Oasis on this exciting initiative. The Cove Beach venue of Metaverse gives users a glimpse of what is possible within Metaverse and we look forward to working with Crypto Oasis to develop more innovative and engaging experiences for our users.” Exscape is a groundbreaking metaverse that offers users an immersive and interactive virtual world.
When the venue is replicated in the Metaverse, participants can choose to visit and experience Cove Beach as they prefer. Crypto Oasis and Exscape’s Web3 expertise combined with Cove Beach’s reputation for delivering world-class entertainment and hospitality has translated into an unparalleled Web3 experience for audiences.
The Cove Beach Annual Membership NFTs that were physically represented as part of the Founder’s Mural are available for purchase on the website.
The Games Guild Area at Cove Beach. Source: Crypto Oasis.
About Crypto Oasis
Crypto Oasis is a MENA-focused blockchain ecosystem headquartered in Dubai, United Arab Emirates. The core elements needed for growth are talent, capital and infrastructure. The ecosystem’s stakeholders include investors and collectors, startups and projects, companies, science and research institutions, service providers and public entities and associations. Crypto Oasis’ vision is to be one of the leading blockchain ecosystems in the world. Today, it is the fastest growing blockchain ecosystem in the world, with more than 1,650 organizations identified in the UAE alone and over 8,300 individuals working in the space.
