Miami, May 12, 2022 (GLOBE NEWSWIRE) — Since opening its doors in 2014, E11EVEN Miami has become the world’s hottest nightclub and the ultimate playground for the stars. Every weekend is a “who’s who” of celebrities, music industry legends, world-renowned DJs, and entertainment moguls. In 2019, the landmark destination established itself as the highest-grossing nightclub per square foot globally, further cementing its presence as one of the most sought-after clubs in the world.
E11EVEN evolved from nightlife into lifestyle with the launch of E11EVEN Hotel & Residences, E11EVEN Vodka, E11EVEN Life apparel, and a major restaurant to be announced later this year.
The E11EVEN name is already well known in the crypto world. In April 2021, E11EVEN Miami became the first major nightclub in the United States to accept cryptocurrency and has since processed over $5 Million in transactions. In June 2021, E11EVEN Hotel & Residences became the first IRL real estate in the world to accept $APE and other cryptocurrencies as payment. In December 2021, E11EVEN got into the NFT space when they purchased Bored Ape #11… and now – in another first – they are disrupting and reimagining the entertainment landscape with the creation of E11EVEN Crypto and their inaugural offering: the 11 Captain’s Club NFT genesis collection.
E11EVEN has partnered up with Horizen Labs ($APE) and several of the biggest names in the industry to create an exclusive NFT collection which drops on May 25.
The 11 Captain’s Club is unique because it is a utility-filled token-gated passport to the entire E11EVEN ecosystem with real-world benefits: IRL meets URL. The genesis collection is an exclusive series of 1,111 NFTs on the Ethereum blockchain, featuring artwork inspired by E11EVEN’s coveted hats, for 3 ETH each.
In addition to Web3 utility, the concentrated collection focuses on the importance and exclusivity that comes with being a Captain and its IRL utilities including first-access to all E11EVEN NFT projects and partnerships, priority pass to exclusive IRL events across the entire E11EVEN ecosystem, Captains-Only events, access to member-only areas of the Discord, and limited-edition product releases including E11EVEN apparel, vodka and more. Additional utilities are already underway.
With the support of major web3 influencers, developers, celebrities, and business leaders, E11EVEN Crypto is eager to explore its broader digital future into the next decade.
Get your spot on the 11 Captain’s Club Allow-list with this secret link (https://allow.11captainsclub.io/6c50ee7a/) for an opportunity to mint on May 24 before the public sale on May 25. Follow 11 Captain’s Club on Twitter and Discord and visit https://11captainsclub.io to mint.
Welcome to Non-Fungible Nightlife™.
Cardano (CRYPTO: ADA) XRP (CRYPTO: XRP), and Solana (CRYPTO: SOL) are top-10 tokens that are getting pummeled. Cryptocurrencies such as Cardano, XRP, and Solana provide higher-risk upside, something investors aren't looking for right now. Adding to the concern of crypto investors is the recent annihilation of algorithmic stablecoin ecosystem Terra.
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Founded in 2012, Coinbase is the leading cryptocurrency exchange platform in the United States. The company intends to be the safe and regulation-compliant point of entry for retail investors and institutions into the cryptocurrency economy. Users can establish an account directly with the firm, instead of using an intermediary, and many choose to allow Coinbase to act as a custodian for their cryptocurrency, giving the company breadth beyond that of a traditional financial exchange. While the company still generates the majority of its revenue from transaction fees charged to its retail customers, Coinbase uses internal investment and acquisitions to expand into adjacent businesses, such as prime brokerage, data analytics, and collateralized lending.
The cryptocurrency market has taken a beating over the last few months, to put it mildly. Cardano has fallen by roughly 75% in that time frame, and Solana, one of the breakout stars of the crypto world, has dropped by nearly 80%. After the stablecoin lost its peg to the U.S. dollar, its sister cryptocurrency Terra (CRYPTO: LUNA) lost more than 98% of its value within 24 hours.
The selloff in the algorithmic stablecoin that was supposed to be pegged to $1 accelerated, briefly sending its price to less than a quarter of that value.
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Regulators worry that if stablecoins take off as privately issued digital money, they could pose risks to broader financial markets and monetary policies.
HONG KONG/LONDON/NEW YORK (Reuters) -Cryptocurrencies steadied on Friday, with bitcoin recovering from a 16-month low after a volatile week dominated by the collapse in value of TerraUSD, a so-called stablecoin. Crypto assets have been swept up in broad selling of risky investments on worries about high inflation and rising interest rates. "Crypto is still tiny and crypto integration within broader financial markets is still infinitesimally small," said James Malcolm, head of FX strategy at UBS.
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