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Dubai inaugurates a restaurant, MetaTerrace, which amalgamates digital and physical worlds

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A Dubai-based establishment firm for NFTs and blockchain named ColossalBit has inaugurated MetaTerrace, a lounge-based digital restaurant. The firm has opened a restaurant in Central Park Towers, Dubai International Financial Centre (DIFC). MetaTerrace has amalgamated the digital and physical worlds, giving its visitors a glimpse of future digitized restaurants. The restaurant is based on the principles of the metaverse, a virtual reality space in which users can interact with other users and a computer-generated environment. The MetaTerrace features a VR room, allowing individuals to interact with alternate worlds and engage in discussions.

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Consumer Goods industry will surpass $15T globally by 2025. However the old business model of mass distribution is about to become obsolete. Digital Transformation, Millennials and Gen Z effect, Direct to Consumer and Post-Covid World are going to reshape the winning formula for the new era CG industry. Our weekly newsletter covers global innovations and disruptions in CG industry.

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