Crypto Oasis launches Cove Beach venue in the metaverse
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Crypto Oasis launches Cove Beach venue in the metaverse

Crypto Oasis launches Cove Beach venue in the metaverse

Crypto Oasis hosted top organisations and players in the regional ecosystem for its annual Ecosystem Night

Gulf Business
Cove Beach

Crypto Oasis hosted top organisations 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 technology and ideas in the world of crypto and blockchain.

The event in its second year took place at Cove Beach, the venue that forms part of the Caesars Palace in Bluewaters Island. Crypto Oasis launched several Web3 integrations with the venue.

Exscape CEO Mehdi Cherif on stage with Saqr Ereiqat, co-founder of Crypto Oasis

Cove Beach metaverse

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.

Cove Beach in the metaverse

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.

The second integration was the launch of the Cove Beach NFT based membership programme for those interested in buying an annual membership to the venue.

Saqr Ereiqat presenting at the arte experience area

A large 12.5m wall at the venue has been converted into the Founders Mural by Faisal Zaidi and which was digitalised and fractionalised into 100 pieces. Each sold digital artwork represents its counterpart on the physical wall and will grant the owner an annual membership to the Beach Club.

“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 the Cove Beach through the fractionalised mural at the venue,” said Ralf Glabischnig, founder of Crypto Oasis.

“We’re thrilled to have partnered with Crypto Oasis to launch the Cove Beach Metaverse and our Annual Membership NFTs,” said Adel Ghazzawi, co-founder of Cove Beach.

“The Metaverse is the future of social interaction, and the NFTs is 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: “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.”

With the venue being replicated in the metaverse, attendees can choose to visit and experience beach however they prefer. Crypto Oasis’ and Exscape’s expertise in Web3 combined with Cove Beach’s reputation for delivering good hospitality has translated into an unparalleled Web3 experience for the public.

Read: UAE: Crypto Oasis lists over 1,650 blockchain firms by Q4 2022

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