Thursday, December 1, 2022
HomeNFTE11EVEN, a Miami nightclub, introduces a crypto division and Captain's Club NFTs

E11EVEN, a Miami nightclub, introduces a crypto division and Captain’s Club NFTs

Miami E11EVEN is doubling down on its Web 3 drive with the launch of “E11EVEN Crypto”, a new crypto-dedicated division of its brand created in partnership with blockchain developer Horizen Labs. The new division’s first offering is a non-fungible token (NFT) collection titled “11 Captain’s Club”, which will be issued in early April, with artwork inspired by the club’s iconic hat designs and a hefty 1 ETH (about $2,700) mint price.

Now, the company is looking to NFTs as its next chance to make money. This comes at a time when Miami is trying to become a hot spot for crypto innovation and culture in the United States.

E11EVEN made its first step into digital collectibles in December, when it bought Bored Ape #11 as its first NFT for 99 ETH (about $272,000). While Simkins was unable to confirm any upcoming Bored Ape activities at the club, he did hint at an in-person meet-up for Captain Club NFT holders around the time of the upcoming Bitcoin 2022 conference in April.

The New York-based company Horizen Labs was chosen by the club to build the project’s backend. In August, Kenetic Capital led a fundraising round that raised $7 million for the project.

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Jeewan Singh is CryptoShrypto’s content writer and a seasoned writer with over two years of experience in writing about Indian Securities Market. Jeewan's participation in Blockchain and Cryptocurrency started in late 2020, and he hasn't looked back since. The technical and economic outcomes of cryptocurrency are what spark his curiosity, and he keeps one eye on the market.
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