Resorts World Las Vegas, Theta Labs partner on composite NFTs offering luxury experiences

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Resorts World Las Vegas and Theta Labs have teamed up to release composite NFTs that will offer luxury experiences to buyers.

The composite NFTs — essentially NFTs within an NFT — have to be redeemed before Nov. 1 and will be released in two separate packages.

In addition, a third commemorative NFT will be made available for a price of $10 on Theta Labs’ NFT marketplace, ThetaDrop to celebrate the partnership.

Resorts World Las Vegas and Theta Labs first collaborated in February to release NFTs that offered offline utility and real-world benefits to guests at the casino resort.

Theta Labs’ CEO, and Co-founder Mitch Liu said:

“Theta NFTs have always centered around connecting token holders to real-world utility and benefits”

The experiences

The “Presidential Package” NFTs include an exclusive 2-night stay in a four-bedroom presidential suite, including a private car service pick-up from the airport; a VIP spa treatment for two guests; and two exclusive tickets to a show at Resorts World Theatre.

They will also include a private wine tasting experience and cocktail masterclass with a Resorts World Las Vegas mixologist for two guests.

Meanwhile, the “VIP Party Package” NFTs comprise two VIP entry tickets to Zouk Nightclub; a two-night stay in a Hilton Standard room at Resorts World Las Vegas; one VIP daybed at Resorts World Las Vegas; and a VIP Pool with Food & Beverage starter package.

The experiences are restricted to those 21 years of age and over.

Real-world utility

In terms of NFTs offering real-world value, Theta Labs previously partnered with Sony to release a unique 3D NFT that works without 3D glasses.

The “Tiki Guy” NFT works with a Sony Spatial Reality Display, retailing at $4,999 but the NFT’s buyers would be able to claim a free display with a valid US shipping address.

As part of its partnership with American Idol, Theta offered NFTs in the form of contestant-based trading cards, with the collector holding an NFT of the winning contestant. The NFT holder gets an exclusive Winner’s Ticket to Hollywood NFT, which they can then redeem for a physical ticket to Hollywood NFT that American Idol would deliver to them.