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Home Technology Application and Middleware

First mixed reality venue MetaTerrace launched in Dubai

Gigi Onag by Gigi Onag
January 4, 2022

MetaTerrace, the newest addition to Dubai’s vibrant nightlife, is set to make its unique stamp on the city by providing an entertainment venue that merge the digital and physical world, in line with the principle of a metaverse.

“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,” said Ciro Arianna, co-founder and CEO of ColossalBit and MetaTerrace.

ColossalBit is a Dubai-based consulting, advisory, design, and development company for cryptocurrency, blockchain and NFTs. The company’s portfolio includes the world’s first augmented reality NFT mural called “Future NFT Dubai”, the infamous S.T. Dupont pen that football legend Diego Armando Maradona used in 1984 when he signed for Italian side Napoli, and the world’s NFT-linked fine dining and art experience, among other inspiring collections and initiatives.

Central Park Towers, DIFC

It now added MetaTerrace to its growing list of assets.

Located at the Central Park Towers, Dubai International Financial Centre (DIFC), the lounge restaurant gives a glimpse of what the digital future looks like. The MetaTerrace’s VR Room will facilitate the “metaverse experience". The VR glasses will enable patrons to visit alternative worlds, meet like-minded individuals, have drinks, engage in NFT and crypto discussions — all at the fingertips, on a futuristic MetaTerrace.

MetaTerrace VR room will be available later in 2022 so people will be able interact and enjoy a unique metaverse experience.

“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. Kaloscope also offers exclusive passes where holders can unlock perkabilities in the real world like special surprises coming soon at the MetaTerrace,” said Kirck Allen, CEO and co-founder of Kaloscope.

Related:  M2Cloud, Thales to develop IoT-based bio-cold chain systems
Tags: blockchainColossalBitconnected devicesDubaihospitality industryMetaTerraceNon-fungible token (NFT)virtual reality
Gigi Onag

Gigi Onag

Gigi has more than 15 years of experience in technology journalism, covering various aspects of enterprise IT and telecommunications from both business and technology perspective. Before joining CXOCIETY as editor for FutureIoT in July 2019, she was assistant editor of ComputerWorld Hong Kong. Based in Hong Kong, she started with regional IT publications under CMP Asia (now Informa), including Asia Computer Weekly, Intelligent Enterprise Asia and Network Computing Asia and Teledotcom Asia. She had contributed articles to South China Morning Post, TechTarget and PC Market among others.

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