Will this be the world’s first crypto tower?

To illustrate just how mainstream crypto is becoming, welcome to the Crypto Tower.

Being built in Dubai, Crypto Tower is a “commercial building where innovation and community converge in the heart of a thriving crypto ecosystem,” according to its website.

Crypto Tower will have ten storeys and a number of unique features such as the Diamond Hands Club, a private members club for networking and sharing knowledge.

In crypto jargon, if you have diamond hands, it means you're the type of investor who won't panic and sell off your holdings during big price fluctuations.

You will also get exclusive membership such as for those who seek “unparalleled benefits, global connections, and a front-row seat to the future of crypto innovation”. You will also gain early opportunities in groundbreaking blockchain projects, the developers proudly claim.

True to its roots, each transaction and operational detail (such as buying space in the building) will be recorded on the blockchain, with full transparency and real-time access.

Across the ten floors, four will be dedicated to office space for businesses and startups while two floors will be for crypto incubators and innovation labs.

Another two floors have been assigned as “a premier hub” for AI companies and startups to collaborate and innovate, plus there will be a 10,000 sq ft event space for large-scale gatherings. The final two floors feature the private rooftop club.

Dubai crypto hub

The UAE has fast become a hub for the crypto community, with Dubai, Abu Dhabi, and Ras Al Khaimah all launching their own initiatives to attract companies. And it seems that Dubai is leading the charge when it comes to crypto real estate.

Along with Crypto Tower, there are also plans for Bitcoin Tower Dubai, a new development which is “poised to revolutionize the intersection of luxury living and the world of digital currency,” according to Binayah Properties.

Its bold description promises “cutting-edge design and the limitless possibilities of cryptocurrency”.

“What sets Bitcoin Tower Dubai apart is its pioneering approach to embracing cryptocurrency. As one of the first real estate ventures to accept digital currency as a form of payment, it opens new doors for investors and introduces a new era of financial freedom."

The plans include two towers and it is expected to be completed by 2025. It will be a mix of commercial and residential space and among its retail offerings will be NFT shops.