Phygital Playgrounds: How Shanghai's Elite Clubs are Redefining Nightlife in the Metaverse Era

[Article Content]SECTION 1: THE NEW ECONOMICS OF NIGHTLIFE1.1 Market Reshaping (2025 Benchmarks)- 73% revenue from hybrid experiences- NFT membership adoption at 42%- Average digital enhancement investment: ¥8.7M per venue1.2 Clientele Revolution-