Bitcoin Tower will be a hub that will host blockchain conferences and also promote AI and cryptocurrency initiatives.
The upcoming COP28 summit scheduled for Dubai has inspired the construction of a Bitcoin Tower, a bitcoin-shaped and bitcoin-themed hotel in the heart of the UAE city.
40-storey monument to bitcoin
The Bitcoin Tower will be a 40-storey architectural monument that will represent the value that bitcoin has provided to mankind.
Released May 21st by Metaverse Investments LLC, the company behind the concept Bitcoin The hotel and towers, said the initiative will celebrate the importance, value and controversy surrounding bitcoin, the top cryptocurrency. The hotel will embody the blockchain technology that underpins bitcoin’s functioning, as well as promote artificial intelligence and carbon emissions reduction, which have been concerns for environmentalists, the statement said.
Rewards for Customers
The planned hotel will also adopt a wager and reward system for the customers. According to Salvatore Leggiero, the project’s lead developer, the rental fees paid by customers are treated as investments that will yield redeemable APY in a way not yet implemented by any other platform. He added that the project would be the first hotel to reward customers by refunding the rental fees with interest. This unique reward approach includes the gifting of non-fungible tokens to hotel customers as well as other incentives.
represented in the metaverse
Simone Micheli said that the Bitcoin Tower would be depicted in a virtual universe using a unique concept different from that implemented in traditional constructions. The renowned architect said that the created virtual reality will provide visitors with experiences that are unimaginable.
As part of the initiative, Salvatore said the team is inviting creators, designers, artists, architects and crypto enthusiasts to submit submissions that will be used exclusively for either nft Or in the interior design of the Bitcoin Tower which he called an ‘asset of extraordinary tangible value’.
More Ways to Experience Crypto
Speaking on the initiative, the CEO of Metaverse Investment LLC, a top investor in the project, said that the project is a reflection of the growing importance of cryptocurrencies in people’s lives.
“This innovative approach to hospitality reflects the growing importance of cryptocurrencies in today’s society and is a great way for people to experience and learn more about themselves,” he said. Said,
introduction of stakeholders
The project is to be presented on Wednesday, May 24, 2023. The event will be held at Bella Restaurant Lounge, Grand Millennium Business Bay in Dubai. There will also be a special evening for stakeholders and VIPs. Renowned chef Alessandro Miceli is expected to grace the occasion.
Arabian Chain Peace, a Dubai-based company, is tipped to build the Bitcoin Tower, the first architectural tower masterpiece dedicated to the premier cryptocurrency and the technology behind it.
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