Is this the ultimate top signal? Plans for a new "Crypto Tower" have been unveiled in Dubai, with indulgent features that scream peak bull market.
The 17-storey building is set to feature a gold bullion shop, an exotic car dealership, and an exclusive club for "premium networking."
DMCC announces the launch of Crypto Tower, a new 17-storey development in #JLT, in partnership with REIT Development. Designed to support #DMCC’s fast-growing community of #blockchain, #DeFi, and #Web3 companies, the tower features 150,000 sq. ft. of leasable space including… pic.twitter.com/esf3Z65kky
This will sit alongside 150,000 square feet of space for blockchain, Web3 and DeFi companies alongside incubators and venture capital firms.
DMCC and REIT Development, who are leading the project, say they hope to attract startups as well as established businesses in the space.
In an interesting twist, blockchainblockchain technology is set to be extensively used to manage the building—with tenancies secured through smart contractssmart contracts, and occupants casting on-chain votes on communal matters.
The Crypto Tower also hopes to establish itself as a destination for conferences, with 10,000 square feet dedicated to indoor events, along with 3,500 square feet for outdoor gatherings.
"We're creating a physical tower that serves as a central hub for the crypto community. Every expense is on-chain, setting a new standard for transparency in the industry," REIT Development's Brenda Stratton said in a press release.
The new build will help Dubai fulfil its ambitions of becoming a "smart city," although a vow to become the first metropolis fully powered by blockchain by 2021 proved well off the mark.
Artificial intelligence is also set to play a starring role in the Crypto Tower. A partnership with Chatoshi, a Solana-based Web3 browser that offers AI search, aims to "shape experiences, inspire innovation and redefine what's possible."
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Decrypt reporter Sander Lutz reports from Dubai amid a historic storm that flooded the famed city, trudging through the streets to complete his essential task: Attending the Token 2049 crypto conference.
One touted revenue stream includes naming rights for specific rooms, floors and communal spaces—a bold move considering how the 17-year deal for the "FTX Arena" quickly soured.
It's expected that construction on the Crypto Tower will be completed by the first quarter of 2027, paving the way for firms to move in soon afterward.
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