Tag Archives: cyrpto

Global Immersive Summit Miami Beach

Immersive Global Summit is Coming to Miami from December 5th through the 7th

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Global Immersive Summit Miami Beach

The world’s global IT community will come together to support immersive technologies at the Immerse Global Summit (IGS), which is scheduled to begin next month at the Fontainebleau Hotel in Miami Beach from December 5 to 7.

With a number of keynote speakers, seminars, product demos, and other activities, the event will highlight the future of virtual, augmented, and mixed reality, blockchain, the internet of things (IoT), and the Metaverse.

To address how metaverse technologies are altering businesses and their operations, companies including Amazon, AT&T, Meta Platforms, Magic Leap, Qualcomm, Sony Interactive Entertainment, Unity Technologies, Lenovo, General Motors (GM), and others will take the XR stage.

Along with burgeoning small and medium enterprises (SMEs) like AMPD, Aequilibrium, Rooom, Immersal, Leai Inc, Emteq Labs, Departure Lounge, and a growing roster at the renowned Summit, additional guests at the A-list event will include Boeing, Agora, and the University of Miami.

The announcement comes as interest in the Metaverse, the upcoming communications platform fusing the Internet and spatial computing, is surging. Businesses are investigating use cases across all industries, including entertainment, smart manufacturing, advertising, and remote guidance, among others.

Miami, a developing tech hub in the US, has witnessed a significant increase in its rankings in the Dice Tech Job Report for the growth of tech jobs in the first half of 2022.

The Immerse Global Summit (IGS) was “thrilled” that AT&T would give the keynote address at the gathering, according to Nathan Pettyjohn, the founder, and president of the VR/AR Association (VRARA) and the IGS’s host.

Business leaders from various industries should attend the event, said Kris Kolo, Global Executive Director of VRARA, to “understand how immersive technologies are impacting their business.”

The announcement was released after the IGS’s European Summit, which was held in late September at the Savoy Palace on Madeira Island in Portugal, came to a close. At Europe’s emerging tech hub, more than 500 delegates discussed the future of the XR market as several organizations, businesses, and thought leaders expressed their perspectives.

Please visit the VR/RA and Immerse Global Summit websites to get tickets and learn more.

Cryptocurrency in Real Estate

Miami-Dade County and Miami Heat Cuts Naming Rights Ties with Cryptocurrency Exchange FTX for Miami Arena

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FTX Pulls Out of Miami Arena Deal

Miami-Dade County and the NBA’s Miami Heat have ended their partnership with the insolvent cryptocurrency exchange FTX and are now looking for a new naming rights partner for their downtown Miami arena.

The statement followed the FTX group’s CEO resignation and bankruptcy filing in the US earlier on Friday, which marked the shocking demise of one of the biggest and most influential figures in the cryptocurrency business.

Miami-Dade County and Miami Heat stated in a joint statement on Friday night that they will cooperate to find a new naming rights partner for the stadium, which was only rebranded as FTX Arena last year, and that they find the reports concerning FTX to be “very upsetting.”

Like other cryptocurrency businesses, FTX has spent a lot of money sponsoring athletes. For the renaming of the Miami arena in June 2021, FTX reportedly signed a $135 million, 19-year contract. This deal would have also included $2 million annually to the Miami Heat.

A five-year agreement was also reached in 2021 for Major League Baseball to designate FTX as its official cryptocurrency exchange. FTX is also the Mercedes-AMG Petronas Formula One Team’s authorized

With the University of California, Berkeley negotiating a $17.5 million, 10-year naming rights arrangement for the school’s football stadium in 2021, even college sports have connections to FTX.

The Metaverse Group is Partnering with a Commercial Real Estate Company

Can the Metaverse Change the Miami Real Estate Market?

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The Metaverse Group is Partnering with a Commercial Real Estate Company

“Metaverse” is a massive buzzword in the realms of technology, business, and finance right now, and like all buzzwords, its definition is hazy, debated, and molded by the objectives of those who use it. Now, the Metaverse is being debated whether it can be a real estate game-changer.

One Miami commercial group is trying to make their listings more attractive by utilizing the Metaverse. Currently, Inhouse Commercial is partnering with the Metaverse Group to create a virtual copy of the two buildings that they have for sale in Miami Beach.

The properties are located at 930 and 960 Alton Road, and whoever purchases the properties, will receive the digital copies of the buildings in the Metaverse. The total asking price for the package is $25 million.

The property is owned by the former Miami Beach Mayor, Phillip Levine. It has been on the market since early 2021. Although the property has received multiple offers, the company stated that they believe they could lure in a big tech company with the Metaverse addition.

Metaverse Group, a significant virtual real estate owner and developer, has so far only created representations of the virtual property. According to Matt Zanardo, the firm’s consulting head, it will wait until Inhouse finds a buyer to completely build it out and choose the metaverse where it will reside.

According to Inhouse’s owner, “Companies and brands in our line of business were entering the metaverse, and we saw there was probably going to be a need for a connection to the real world.”

Recently, a number of organizations and brands have entered the metaverse recent months, and the feasibility of the virtual real estate industry has yet to be shown.

If the company succeeds with this deal, this will be the first-ever commercial/metaverse purchase and will forever change how commercial properties are presented to developers as well as other potential buyers.

Club E11EVEN Introduces New NFT Division

NFTs, Velvet Ropes, and Miami

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Club E11EVEN Introduces New NFT Division

In partnership with Horizen Labs (a blockchain firm), club E11EVEN is teaming up to create a crypto-dedicated division referred to as ‘E11EVEN Crypto.’ This new division was announced last week and is planning to introduce NFTs (non-fungible tokens) to the Miami club scene.

NFTs have made huge headway in the US and especially in Miami. Private clubs, Art Basel, and real estate have all traded NFTs in the recent year and we can only expect that this blockchain market will continue to grow.

In order to understand the big news of E11EVEN, you must first understand what an NFT is. An NFT is a non-fungible token meaning that it’s unique and cannot be replaced with something else. If you look at bitcoin, you can trade one for another and you will have exactly the same thing with a set price. With an NFT card, if you were to trade it with another card, it will be valued at something completely different.

The collection of E11EVEN’s NFTs will be referred to as “11 Captain’s Club.” The artwork itself is inspired by the Miami club scene and will include the club’s iconic hat designs. Just one ETF will be priced at around $2,700.

Club E11EVEN has always been known for keeping up with trends and creating innovative revenue streams. The brand has its own vodka label, an apparel company, and even a real estate LLC that partners with FTX for its crypto operations. With this new NFT division, E11EVEN will pave the way for other brands to be involved in the crypto culture and club scene in the US.

According to the owner of E11EVEN, Michael Simkins, “We were the first major club to accept crypto as payment, and now we’ve processed over $5 million of it at the nightclub.”

Horizen Labs stated that they raised $7 million in August for the funding of this NFT division. E11EVEN is set to release the NFTs during the upcoming Bitcoin 2022 conference in April.