Crypto Tower: Dubai’s New Hub for Blockchain and Web3 Innovation
Dubai is preparing to build the 17-story Crypto Tower, designed to serve as a hub for Web3 innovation. As reported by Emirates247, the tower will feature nine floors of office space for crypto startups and major players in the growing sector.
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The project was unveiled by the Dubai Multi Commodities Centre (DMCC) and REIT Development. It will be located in Jumeirah Lake Towers (JLT), home to the DMCC Crypto Centre headquarters.
The Crypto Tower will feature cutting-edge infrastructure, integrating AI-powered solutions and blockchain technology to optimize administrative operations and transactions.
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The tower will provide approximately 14,000 square meters of leasable space. Alongside office floors, it will include three levels dedicated to investment firms and blockchain incubators, as well as a floor focused on artificial intelligence innovation.
Additional highlights include a spacious open area for hosting crypto events, a dedicated leisure zone, and a secure vault for storing valuable items.
By combining blockchain technology with real-world construction in Dubai's DMCC, 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,
Brenda Stratton, Communications Director, REIT Development, added.
Dubai continues to cement its reputation as a global hub for cryptocurrency innovation and a preferred destination for high-net-worth crypto enthusiasts. The city also hosted Token2049, one of Asia’s largest and most highly anticipated crypto conferences.
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