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.