The Bitcoin Tower will be a hub that hosts blockchain conferences and also promotes artificial intelligence and cryptocurrency initiatives.
The highly anticipated COP28 summit in Dubai has inspired the construction of the Bitcoin Tower, a Bitcoin-shaped and Bitcoin-themed hotel in the heart of the UAE city.
A 40-story monument to Bitcoin
Bitcoin Tower will be a 40-storey architectural monument that will represent the values that Bitcoin has bestowed upon humanity.
A May 21 release by Metaverse Investment LLC, the company behind the Bitcoin Hotel & Towers concept, stated that the initiative will celebrate the importance, value, and controversy surrounding Bitcoin, the top cryptocurrency. The statement added that the hotel will embody the blockchain technology that underlies the workings of Bitcoin, as well as enhance artificial intelligence and reduce carbon emissions, which have been a concern of environmentalists.
Bonuses for clients
The planned hotel will also adopt a staking and reward system for customers. According to Salvatore Leggiero, the lead developer of the project, rental fees paid by clients are investments that will result in refundable APYs in a way that has not yet been implemented by any other platform. He added that the project will be the first hotel to reward its patrons by paying them rental fees with interest. This unique reward approach included awarding non-redeemable codes to hotel customers as well as other incentives.
Represented in the Metaverse
Simone Micheli said that the Bitcoin Tower will be depicted in a virtual world using a unique concept that differs from what is applied in traditional construction. The famous architect said that the virtual reality created will give visitors unimaginable experiences.
As part of the initiative, Salvatore said the team is inviting creators, designers, artists, architects and cryptocurrency enthusiasts to submit submissions that will be used either in exclusive NFTs or in the interior design of the Bitcoin Tower as he calls it “an asset of exceptional, tangible value.”
More ways to experiment with coding
Speaking about the initiative, the project’s largest investor and CEO of Metaverse Investment LLC said that the project reflects the growing importance of cryptocurrency in people’s lives.
“This innovative approach to hospitality reflects the growing importance of cryptocurrency in today’s society and is an excellent way for people to experience and learn more about it.” He said.
Introduction to stakeholders
The project submission date is set for Wednesday, May 24, 2023. The event will be held at the Bella Restaurant Lounge in Grand Millennium Business Bay, Dubai. There will be an exclusive evening, even for stakeholders and VIPs. Famous chef Alessandro Miceli is expected to supervise the occasion.
Dubai-based firm Arabian Chain Piece has been directed to build the Bitcoin Tower, the first architectural masterpiece dedicated to the groundbreaking cryptocurrency and the technology behind it.
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