NFTs to Serve as a Ticket to Maxwell Tribeca, New York’s Newest Social Club

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Key Takeaways:

  • NFTs will be used as a ticket to Maxwell Tribeca, the newest social club in New York.
  • This was reported to the program’s curators by David Litwak, the founder and former CEO of the tech travel portal Mozio.

NFT, one of the most talked-about components of the crypto industry, will now be accepted as a ticket to Maxwell Tribeca, the newest social club in New York. David Litwak, the creator and former CEO of the tech travel portal Mozio, revealed this to one of the program’s curators.

According to sources, the new club, which will be located at 135 Watts Street, is set to open in July and will include all of the elements that define a specific type of social club, such as a prestigious address, swanky decor, exclusive perks for members, and so on.

Litwak, on the other hand, has other plans in the run-up to the big event. He claims that to become an exclusive member, one must own a nonfungible token, or NFT—an asset touted by celebrities ranging from Tom Brady to Melania Trump.

NFTs, or digital tokens, act as certificates of authenticity. Still, in the case of Maxwell Tribeca, Litwak claims they will function as a kind of passport to rarefied spaces and experiences-access that, in this case, includes your liquor lockers.

In an interview with Bloomberg, the executive stated that the 8,000 square-foot space would be used for house parties. “Instead of ordering a Negroni at the bar, you go get your gin from your locker and pour yourself a gin and tonic,” says the bartender. 

Litwak, who is already working on another NFT club with pro soccer player Kyle Martino, believes that a crypto-based membership makes the experience more accessible than traditional mechanisms. In addition, according to Litwak, using NFTs as the cost of entry makes it “easier to democratize your fundraising base.”

Maxwell Tribeca memberships start at $1,000 for shared liquor lockers, $5,000 for small liquor lockers, and $8,000 for large liquor lockers; the monthly membership fee is $250.

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Chetna Prakash