Crypto Oasis, the fastest-growing Web3 ecosystem in the world, hosted top organizations and players from the global industry at its annual Ecosystem Night on March 2, 2023. The event aimed to celebrate the most recent advancements in the global and local Web3 ecosystem, showcasing cutting-edge technology and groundbreaking 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 in Bluewaters Island. As one of the most popular locations 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 for the Crypto Oasis Ecosystem night, is a metaverse-based social platform as well as a metaverse builder that concentrates on creating experiences for the public at high-end venues like Cove Beach.
The second integration was the launch of the Cove Beach NFT-based membership program for those interested in buying 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 pieces. Each digital artwork sold represents its counterpart on the physical wall and will grant 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 go-to destination for our annual Ecosystem Night, into the world of Web3 through the launch of the Metaverse experience and memberships as NFTs. The Cove Beach metaverse will provide members with an exclusive and immersive experience that blurs the boundaries between the physical and virtual world, while the membership NFTs will let holders own a piece of Cove Beach through the mural at the venue.”
Adel Ghazzawi, co-founder of Cove Beach, said:
"We’re thrilled to have partnered with Crypto Oasis to launch the Cove Beach metaverse and our annual membership NFTs. The Metaverse is the future of social interaction, and NFTs are the future of financial interaction. We’re excited to offer our members an unparalleled experience that merges the physical and digital worlds. The Web3 community is a very important part of the society of 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 in the Metaverse offers users a glimpse of what is possible within the Metaverse, and we look forward to working with Crypto Oasis to develop more innovative and engaging experiences for our users." Exscape is a cutting-edge metaverse that offers users an immersive and interactive virtual world.
With the venue being replicated in the Metaverse, attendees can choose to visit and experience Cove Beach however they prefer. Crypto Oasis’ and Exscape’s expertise in Web3 combined with Cove Beach’s reputation for delivering world-class entertainment and hospitality has translated into an unparalleled Web3 experience for the public.
The NFTs for the annual membership to Cove Beach that were physically represented as part of the Founder’s Mural are available to be purchased on the site.
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 its growth are talent, capital and infrastructure. The ecosystem’s stakeholders include investors and collectors, startups and projects, corporates, science and research institutions, service providers, and government 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.