CRYSTAL BAY PARTNERS WITH BEOWULF BLOCKCHAIN TO BUILD NFT

ONLINE TRADING PLATFORM FOR HOTEL AND TOURISM ACCOMMODATION

Crystal Bay Group, which has more than 20 years of strength in tourism industry, and
Beowulf Blockchain (Beowulf), a decentralized cloud communications and data networking
company, have announced a partnership to build an NFT online trading platform for hotel
stays and related travel products.

Accordingly, irreplaceable tokens called NFT (Non-Fungible Tokens) are tokens issued on the
blockchain, similar to a cryptocurrency. However, while cryptocurrencies are identical and
interchangeable, these NFT tokens instead are unique tokens, with a separate digital signature for
each code and irreplaceable. Hence, NFT is used as a digital asset token used to represent a single
real-world or digital asset, verified, stored on the blockchain and purchaseable.

This partnership would introduce NFT tokens for each night at the hotel, airbnb rental dates, and
related travel product. These NFT tokens will be posted and traded on the NFT exchange. Booking
at a hotel or on AirBNB as well as travel services that cannot be used for any reason, can be sold
or redeemed date on the NFT exchange to recover costs or even to make a profit.

Travel companies or retail investors can also book hotel rooms in advance at cheap prices,
reselling them to people who wish to make a profit. This flexible transaction is connected to
loyalty program on Beowwulf’s boyoty.com and defiato.com, which will bring use-value and
investment value to global travelers.

NFT is being used in digital content with music, art, and painting. NFT empowers the creators'
economy, where creators don't transfer ownership of their content to the platform they use to make
that content public. When creators or owners sell their content, the money will go directly to them.

Dr. William H. Nguyen, Founder of Beowulf said: "With expertise in blockchain technology,
decentralized cloud infrastructure for data and communications services as well as a complete
ecosystem that includes digital asset exchange DeFiato, Beowulf can quickly deploy the NFT
exchange to Crystal Bay's customers, it will also help Crystal Bay expand its global market."

Mr. Nguyen Tien Trung, General Director of Crystal Bay said: "Owning a large influx of visitors,
understanding the needs of visitors, Crystal Bay pioneers the trend of travel and online
consumption in the new normal time. Partnering with Beowulf helps Crystal Bay provide the right
technological architecture, with the right expertise to serve visitors in the better and smarter ways.
The Crystal Bay trading platform built with Beowulf effectively manages bookings while bringing
more value to customers on a transparent online trading platform, speed and currency flexibility."

Crystal Bay is a tourism investment and development group, developing on 3 pillars: International
and domestic travel tourism; Asset exploitation and healthcare management under the all-inclusive
model; Investment in the tourism real estate ecosystem associated with a variety of types of
entertainment and experience. Positioning itself on a different development path, Crystal Bay and
its partners create many "All-in-one" entertainment and resort complexes, contributing to
promoting high-end tourism development in many localities: Khanh Hoa, Ninh Thuan, Quang
Ninh, Binh Thuan…

With more than 15.000 5-star hotel rooms and entertainment services, the accompanying
experience has been created in the next 5 years, Crystal Bay pioneers a new approach to global
travelers and a traditional travel service system.

In the context of the constantly changing COVID-19 epidemic, more and more individuals and
organizations are entering the NFT market every day. Along with changing the behavior of global
consumers, the cooperation between Crystal Bay and Beowulf will soon create a digital tourism
product exchange with strong attraction, promoting the development of domestic and international
tourism industry, bringing many convenient utilities in consumption, More savings for visitors in
shopping, and smart investments.