LABS Group JV Agreement sign off with Arena Esports Hotel
LABS Group is proud to announce a joint venture with Arena eSports Hotel, the biggest eSports hotel in Southeast Asia and a pioneer integrating gaming arena and themed hotel that caters to enthusiasts. Upon finalizing cooperation details and legal procedures, Arena eSports Hotel will be LABS’s strategic partner on tokenizing Esports hotel into blockchain real estate investment and provide a blockchain solution.
Our project is located at Bugis, Singapore, which is the biggest eSports hotel in Southeast Asia and the world’s first hotel with VR concepts, located in the promising business district. In the future, eSports enthusiasts will be catered to this 25,000 sq. ft. communal habitat with co-working, co-playing and co-living facilities. Andy Koh, CTO from Arena eSports Hotel, who has a strong track record in the IT and eSports industry and hosting eSports events, will serve enthusiastic tourists with colorful rundowns. Arena eSports Hotel will fully support the operation of the entire project as a local hotel operator. Meanwhile, the company is in the process of securing the 2nd outlet which is located at prime Orchard Road and details will be announced soon.
LABS Group, meanwhile, will contribute to the blockchain solutions in this project. As an advanced concept of business, 80% of the hotel is tokenized and the real estate assets are available for investment utilizing blockchain technology. With 100 USDT, interested investors can take part in this Arena eSports Hotel project through our LABS Crowdfunding Platform and receive stable rewards once the project is live. Following the trend of NFT (Non-fungible Tokens) gaming, this partnership will be leveraging the massive opportunity of blockchain technology and gaming.
“What happened when you developed a new business that has an industry interest of over 2 billion people from tourism, eSports & crypto around the world? That is the trinity we want to complete,” said Tracy Sheriden Tan, CEO and Co-Founder of Arena eSports Hotel, who has more than 13 years of hospitality and entertainment management experience, in an interview. “With the official joint venture sign-off, this nice corporate marriage is going to rewrite the history of the hotel with an epochal concept,” she said.
According to Tan, the collaboration between LABS and Arena eSports Hotel does not only fractionalize their assets to those who wish to invest at a cloud speed, but also brings the joint venture into NFT Gamer Market. “The future of eSports is, inevitably, riding on a bunch of newly developed technologies like blockchain, for financial value and security purposes. It is already a part of the blockchain,” she said.
“As crypto and NFTs become popular investments nowadays, it comes to my mind naturally: why don’t LABS bring this investment to our everyday investors so we can all have a glimpse of investing in this blue ocean?” said Yuen, CEO of LABS Group. “Blockchain can redefine the gaming industry by bringing the new concepts of GameFi and SocialFi into the industry and providing incentives & financial implications.”
As strategic partners, both LABS Group and Arena eSports Hotel are now exploring opportunities in the world of GameFi and Metaverse. GameFi is one of the hottest new trends to invest in today, combining DeFi (decentralized finance) and NFTs with blockchain-based online games, whereas Metaverse is the next generation of internet supporting an immersive, 3-dimensional virtual space. This gives huge opportunities to the development of Arena Esports Hotel.
Coming up, there will be an exciting project with Arena Esports powered by LABS, which is related to GameFi, eSports, Metaverse, and SocialFi. Please stay tuned.
About LABS Group
LABS Group is a digital investment platform that provides access to fractionalized property ownership and enables the continuous trading of real estate assets-backed tokenized shares on a regulated security exchange.
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Telegram (Chinese 中文): https://t.me/Labs_china
About ARENA eSports Hotel
ARENA eSports is a global leader franchise for eSports hotels, hostels, and serviced residences. Embracing the global eSports trend and pioneering the unique blend of gaming arena and hospitality in South East Asia, ARENA eSports is on a mission to promote eSports and create a space catering to a modern audience wanting to experience the excitement of the eSports world and Singapore’s culture.
The team has more than 13 years of experience in the hospitality industry, managing the largest capsule hostel chain, as well as opening various entertainment lifestyle clubs in Singapore’s prime locations.
For more information on ARENA eSports Hotel, feel free to follow their socials below: