SINGAPORE, December 6, 2022 /PRNewswire/ — Arsenal and the LABS group today announce a new partnership that will see LABS Group become our official member partner for hotels and resorts Asia and Europe.

LABS Group will focus on hospitality, enabling hotels and resorts to create and customize timeshare programs through its new digital marketplace, Staynex, which will launch early next year.

Rooms from a network of resorts and hotels around the world will be available at discounted rates through the new system for a set period of time over several years. Customers can purchase a Partner Hotel Residence Pass in the form of an NFT (Non-Interchangeable Token) with which they can enter the accommodation at a reduced price for the specified period.

Bernhard Lau, CEO of the LABS Groupsaid:

“Partnering with Arsenal is not only an honor, it is a dream come true to be associated with such a successful and historic football club. This will accelerate our vision of combining hospitality with global brands in a way never before done.”

Juliet Slot, Chief Commercial Officer at arsenal said:

“We are delighted to welcome LABS Group to the Arsenal family as they prepare to launch this new product in the new year. Our global reach will be an important part of growing this new business.”

Disclaimer: LABS Hotel Membership NFTs (‘Residence Passes’) are a form of crypto assets. Please note that (a) the value of Cryptoassets is variable and may go down as well as up; (b) cryptoassets are not regulated in the UK; and (c) capital gains tax may be payable on gains from the sale of Crypto Assets.

About the LABS Group

LABS Group makes real estate accessible to everyone by using Web3 to transact digital assets, bridging the industry with blockchain technology and collaborating with various resorts and properties around the world.

To learn more about LABS Group and Staynex, please visit…