Dubai Developer to Build World's First Bitcoin Tower

Salvatore Leggiero, the developer behind this visionary undertaking, envisions the tower as a real estate revolution
Staff Reporter | UAE | Real Estate

A Dubai-based developer has recently announced ambitious plans to construct the world’s first-ever Bitcoin (BTC) Tower, an innovative project that aims to showcase the importance of digital assets and cryptocurrencies, was unveiled at a COP28 meeting in Dubai.

The new hotel chain set to be shaped in the style of Bitcoin is said to not only embrace cutting-edge technologies such as blockchain and artificial intelligence but also place a strong emphasis on material sustainability and zero CO2 usage, according to a report.

The unique hotel chain takes things a step further by offering non-fungible tokens (NFTs) with special utilities designed to reward its customers. By staking cryptocurrencies, guests will generate an APY that can later be redeemed from their rental payment.

Salvatore Leggiero, the developer behind this visionary undertaking, proudly declares, “It will be the first hotel that gives you back the money you paid, plus interest.” Such an enticing proposition promises an unforgettable experience for guests while also tapping into the potential financial benefits of cryptocurrencies.

Leggiero elaborates on the genesis of the project, stating: “Every great project originates from an idea, develops in the mind, and takes shape on paper, just like Leonardo da Vinci did when he imagined the machines of the future.”

Experiences never imagined before

Seeking inspiration for the virtual representation of the BITCOIN TOWER, Leggiero approached renowned architect Simone Micheli.“So, I asked the renowned architect Simone Micheli how the BITCOIN TOWER could be depicted in the virtual universe.”

With over three decades of experience in completing numerous international projects, Micheli brings a fresh perspective to the table, intending to create virtual environments that unlock previously unimaginable experiences.

A 40-Storey tower

The Bitcoin Tower itself is poised to be an awe-inspiring 40-storey skyscraper, symbolizing Dubai’s tribute to Bitcoin and encapsulating the principles of its enigmatic creator, Satoshi Nakamoto. Leggiero envisions the tower as a real estate revolution, bridging the gap between digital and physical assets.

“What I propose is a real estate revolution, creating a bridge between digital and physical real estate. BITCOIN TOWER will be the starting point for all those who want to participate in this revolution,” said the CEO.

Inviting artists, architects, creatives, and crypto enthusiasts from all corners of the globe, Leggiero, who also serves as the CEO of Metaverse Investments LLC, urges individuals with diverse backgrounds to participate in this groundbreaking endeavor.

“All those who want to, can submit their works that will form an exclusive collection of NFTs dedicated to the Bitcoin Tower’s design or its internal spaces, in a digital space representing an asset of exceptional tangible value.”

It will serve as a monumental starting point for those who wish to be a part of this revolution, as expressed by the real estate developer and investor, who operates in Italy, London, and Dubai.

With its forward-thinking approach, Dubai aims to establish itself as a global hub for cryptocurrency innovation while pushing the boundaries of traditional real estate.

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