Dubai has announced the construction of a 17-storey Crypto Tower, a landmark building designed to support the growing blockchain, DeFi, and Web3 community, with an expected completion date in the first quarter of 2027. The tower will feature 150,000 square feet of leasable space, including offices, event spaces, and blockchain-powered innovations. As of the latest reports, the Crypto Tower is set to become a central hub for the crypto community, with blockchain technology being used for tenant interactions and transactions.
The Crypto Tower will have nine floors of advanced offices for crypto startups and established businesses, as well as dedicated floors for blockchain incubators, venture capital firms, and AI innovation.
The building will also feature an indoor event space, an outdoor area, a crypto club, an NFT art gallery, a gold bullion shop, an exotic car dealership, and a secure vault storage area.
The project is a result of a partnership between the Dubai Multi Commodities Centre (DMCC) and REIT Development, with the goal of fostering the digital asset ecosystem in Dubai and establishing the city as a global crypto hub.
The use of blockchain technology in the Crypto Tower’s management is expected to promote transparency and trust among tenants, with every expense related to the project being transparent and on-chain.