Dubai Launches "Crypto Tower" to Boost Web 3
Dubai plans a "Crypto Tower" with 150,000 sq. ft. for blockchain startups, featuring office spaces, AI hubs, an NFT gallery, and a crypto club. It aims to boost Dubai as a global crypto hub by 2027.
Dubai plans a "Crypto Tower" with 150,000 sq. ft. for blockchain startups, featuring office spaces, AI hubs, an NFT gallery, and a crypto club. It aims to boost Dubai as a global crypto hub by 2027.
Dubai has unveiled plans for a "Crypto Tower," designed to expand its blockchain and digital asset sector. The tower will provide 150,000 square feet of leasable space specifically designed for cryptocurrency startups and established companies.
The facility will feature advanced office spaces, blockchain incubators, venture capital firms, and areas for AI innovation. Some amenities include a large event space, a top-floor crypto club, an NFT art gallery, a gold shop, an exotic car dealership, and secure vault storage for valuables.
Blockchain technology will be used in the Crypto Tower to streamline tenant interactions and transactions, utilizing on-chain voting, shared resources, and smart contracts. This initiative aligns with Dubai's strategic goal to become a global cryptocurrency hub and construction should be complete in Q1, 2027.