1. BITBILIHome
  2. Article

Dubai makes waves with world’s first Bitcoin tower

• 78 views

TL;DR Breakdown

  • Dubai to host the world’s first Bitcoin Tower, part of a new crypto-inspired, sustainable hotel chain.
  • Guests to enjoy unique benefits like NFTs and crypto staking, reflecting an innovative blend of hospitality and blockchain technology.
  • The 40-story tower, blending digital and physical real estate, signifies the growing importance of cryptocurrencies in today’s society.

Dubai, known for its proclivity to break boundaries and create the extraordinary, is setting the pace again. This time, it’s through the establishment of the world’s first Bitcoin Tower – a 40-story skyscraper about to revolutionize the hospitality and real estate sectors. Pioneered by visionary Italian entrepreneur Salvatore Leggiero and backed by Metaverse Investments LLC, this revolutionary project aims to conflate digital and physical real estate in the heart of one of the most dynamic cities on the planet.

Reinventing hospitality in the blockchain era

In a unique blend of traditional hospitality and cryptocurrency, the Bitcoin Tower isn’t just a luxurious accommodation; it’s a symbol of the digital age, illustrating cryptocurrencies’ increasing importance and influence in our everyday lives. The hotel chain’s innovative approach transforms the hotel experience by offering guests exclusive NFTs (Non-Fungible Tokens) as rewards. These tokens prove authenticity and ownership in the digital realm, granting holders exclusive privileges.

This model introduces a new facet to the hospitality industry – the rental price isn’t just a payment; it’s an investment. It is treated as a staking of cryptocurrency, producing an annual percentage yield (APY) that guests can claim. In the words of Salvatore Leggiero, it’s “the first hotel that gives you back the money you paid, plus interest.”

Not only does this project aim to educate the general public about cryptocurrencies, but it also encourages participation. Leggiero invites artists, architects, creatives, and crypto enthusiasts to submit their works.

These creations will form an exclusive NFT collection dedicated to the Bitcoin Tower’s design or its internal spaces, manifesting an asset of tremendous tangible value in the digital space.

Melding sustainability with technology

According to the details, the tower pays homage to the values of Bitcoin as envisioned by Satoshi Nakamoto. Also, this towering monument is not merely an architectural marvel but a testament to Dubai’s commitment to sustainability and technological advancement. The building employs cutting-edge AI and blockchain technologies with an unyielding commitment to material sustainability and zero CO2 consumption.

Drawing inspiration from the upcoming COP28 summit in Dubai, the Bitcoin Tower aligns itself with the global move towards a more sustainable future. Celebrated architect Simone Micheli, responsible for the tower’s design, plans to use a completely different concept from traditional constructions. Also, Micheli’s vision involves creating virtual environments within the tower, facilitating unprecedented experiences.

Spearheaded by Micheli’s strong 33-year track record of creating distinctive, iconic international projects and Leggiero’s deep experience as a startup founder, real estate developer, and investor, this project is set to redefine the boundaries of architectural, technological, and hospitality paradigms.

Bitcoin Tower, standing tall at 40 stories in the ‘city of the future’, is a tribute to the values and significance of Bitcoin and an embodiment of a digital-physical real estate revolution. As Leggiero put it succinctly, “BITCOIN TOWER will be the starting point for all those who want to participate in this revolution.”

As the world grapples with the intersection of the digital and physical, the Bitcoin Tower in Dubai stands as a beacon of progress, signaling a new era where cryptocurrency becomes as intrinsic to our lives as the buildings we reside in.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

文章来源于互联网:Dubai makes waves with world’s first Bitcoin tower

Disclaimers:

1. You are solely responsible for your investment decisions and this info is not liable for any losses you may incur.

2. The copyright of this article belongs to the writer, it represents the writer's opinions only, not represents the site's ones. Not financial advice.

Previous 2023年5月24日 11:33
Next 2023年5月24日 12:54

Related articles

  • Nigeria adopts blockchain to fight certificate fraud

    TL;DR Breakdown The National Information Technology Development Agency (NITDA) has disclosed plans to incorporate blockchain technology into the country’s issuing and verifying of National Youth Service Corps (NYSC) certificates. The proposed system aims to consolidate all NYSC certificates onto the blockchain, affording individuals a streamlined process to validate their credentials securely in Nigeria. Blockchain application in certificate issuance represents a pivotal avenue to unlock the multifaceted opportunities presented by this technology. Description Kashifu Inuwa Abdullahi, the Director-General of Nigeria’s National Information Technology Development Agency (NITDA), has unveiled plans to integrate blockchain technology into the issuance and verification process of National Youth Service Corps (NYSC) certificates in the country. The NYSC program mandates university graduates below the age of 30 to partake in a year-long national service, engaging … Read more Kashifu Inuwa Abdullahi, the Director-General of Nigeria’s National Information Technology Development Agency (NITDA), has unveiled plans to integrate blockchain technology into the issuance and verification process of National Youth Service Corps (NYSC) certificates in the country. The NYSC program mandates university graduates below the age of 30 to partake in…

    Article 2023年8月10日

  • BRICS creator calls the idea of creating a common currency ‘absurd’

    TL;DR Breakdown Jim O’Neill has dismissed the idea of the emerging nations within the group establishing their currency, calling it “absurd”. O’Neill expressed his skepticism about the practicality of creating a unified currency for the five nations with vastly different economies. Description Jim O’Neill, who created the BRICS acronym as an economist at Goldman Sachs, has dismissed the idea of the emerging nations within the group establishing their currency. As Brazil, Russia, India, China, and South Africa contemplate expanding the bloc, he labeled the concept of an independent currency as “absurd.”  Looking back over the eight years … Read more Jim O’Neill, who created the BRICS acronym as an economist at Goldman Sachs, has dismissed the idea of the emerging nations within the group establishing their currency. As Brazil, Russia, India, China, and South Africa contemplate expanding the bloc, he labeled the concept of an independent currency as “absurd.”  Looking back over the eight years since he coined the term in a 2001 research note as the bank’s chief economist, O’Neill expressed his view that the BRICS coalition has yet…

    Article 2023年8月15日

  • AI will propel S&P 500 profits by 30% – How?

    TL;DR Breakdown Goldman Sachs’ senior strategist, Ben Snider, predicts a 30% surge in S&P 500 profits over the next decade due to AI-driven productivity increases. OpenAI’s ChatGPT has fueled interest in AI’s potential to disrupt everyday life and drive profit growth, particularly amidst current challenges like supply chain issues and rising borrowing costs. While tech companies are the obvious immediate winners of AI’s rise, Snider believes the long-term winners could come from other sectors. He recommends diversifying investments across sectors, highlighting energy and healthcare as particularly attractive. Artificial Intelligence (AI) has been making waves in multiple industries, and its transformative potential isn’t lost on Wall Street. As per Goldman Sachs’ senior strategist Ben Snider, AI’s capacity to spur productivity might directly translate into a 30% surge in S&P 500 profits over the upcoming decade. AI: A boon for S&P 500 AI, which has been developing rapidly, is now at a point where it can markedly enhance productivity, a cornerstone of corporate profits. This technology isn’t just a novelty; it’s a game-changer for investors and corporations. Over the next decade, Goldman…

    Article 2023年5月19日

  • Binance delists sanctioned Russian Banks from its peer-to-peer service

    TL;DR Breakdown Binance removed five sanctioned Russian banks from its peer-to-peer service to comply with international sanctions and regulatory standards. The move underscores the growing tension between cryptocurrency exchanges and global regulatory frameworks, with Binance aiming to bolster its legal standing. Description In a move that underscores the ongoing tension between cryptocurrency exchanges and global regulatory standards, Binance, one of the world’s leading cryptocurrency exchanges, has announced the delisting of five sanctioned Russian banks from its peer-to-peer (P2P) service. This decision comes amidst growing concerns over the potential misuse of the platform by Russian users to move … Read more In a move that underscores the ongoing tension between cryptocurrency exchanges and global regulatory standards, Binance, one of the world’s leading cryptocurrency exchanges, has announced the delisting of five sanctioned Russian banks from its peer-to-peer (P2P) service. This decision comes amidst growing concerns over the potential misuse of the platform by Russian users to move funds overseas, which could further complicate the exchange’s legal standing. Contents hide 1 A response to regulatory standards 2 Binance’s legal quandaries 3 The broader…

    Article 2023年8月26日

  • Etherscan’s new feature makes reading on-chain data simpler

    TL;DR Breakdown Etherscan has introduced the Advanced Filter feature, which allows users to refine their data queries and search for specific information within the Ethereum blockchain.  With the Advanced Filter, users have the flexibility to customize their query parameters to suit their specific needs.  The Advanced Filter feature provides detailed transaction analysis capabilities, allowing users to gain deeper insights into Ethereum transactions. In a significant development for the crypto community, Etherescan has unveiled a groundbreaking feature that promises to revolutionize the way users access and interpret on-chain data. With its advanced filter, Etherescan has taken a giant leap forward in making blockchain analytics more accessible and user-friendly, catering to the growing demand for transparency and information in the world of crypto. Contents hide 1 Etherscan’s Advance Filter – What is it? 2 How to use the Advance Filter 2.1 1. To filter the transaction type 2.2 2. Method 2.3 3. Etherscan Advance Filter on Age 2.4 4. Filter transaction from the said address to the receiver 2.5 5. Etherscan Advance Filter 2.6 6. Filter by assets 3 Using Etherscan’s Advance…

    Article 2023年6月8日
TOP