Dubai Announces Construction of 17-Storey Crypto Tower
Dubai has announced the construction of a 17-storey Crypto Tower to adapt to the growing blockchain and Web3 technology. The Crypto Tower will boast 150,000 square feet of leasable space for the Web3 community to build projects. The United Arab Emirates is looking to leverage blockchain technology and make it a hub for all innovations. The UAE is in a race with the US to clinch the title of the world’s blockchain hub. Also Read: 2 Countries to Sign Defense Deals in Local Currencies, Ditch US Dollar Source: khaleejtimes.com The upcoming 17-storey Crypto Tower will be situated at the Dubai Multi Commodities Centre (DMCC) region. The DMCC is the city’s international business district that drives the flow of global trade. The free-trade zone will soon attract crypto businesses into its fold as the UAE encourages advancing blockchain tech. The construction of the ambitious project is expected to be completed in the first quarter of 2027. Also Read: Nvidia Stock (NVDA) Projected t...