Crypto Bear Watch Club partners with UAE DAMAC Properties

Crypto Bears is also holding its UAE meet up over three days in May 2022 starting from May 12^th in Dubai UAE.

Prior to this Ali Sajwani, Chief Operating Officer of DAMAC Group, revealed his intention to launch DAMAC Metaverse project during the second AMA session for NFTyRacer with CryptoBear Watch Club which was posted on twitter on February 15th 2022. In the session he spoke about his support of Crypto Bear Watch Club as well as the upcoming DAMAC Metaverse project. He stated, “We are doing a lot at DAMAC, and when it comes to the metaverse, I think DAMAC will be entering the metaverse in the next month to 45 days. We are excited.” He noted that this came about after he personally invested in Sandbox metaverse by purchasing a virtual plot and decided that it “was the time to shift because the world is moving really quickly in that direction.”

He also mentioned the collaboration with Roberto Cavalli when he spoke about NFTs. He noted “At DAMAC we are looking into different ways to include NFTs and the Metaverse. As you know DAMAC is not only a multi-billion dollar property developer but also holds brands such as Roberto Cavalli (purchased in 2019). So, while most use the term Metaverse loosely we think it is much more and we have come up with a solution where we bridge the physical and digital assets to allow for cross utilization. We have formulated a solution to integrate the different platforms under DAMAC, whether real estate, fashion, jewelry bringing all onto the metaverse.”

On April 1st 2022, DAMAC will reveal its collaboration with Roberto Cavalli and the merchandise that will be available to Crypto Bear Watch Club holders, whether these merchandise will be in the form of NFTs will have to be seen.