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Dubai has opened the world’s first building dedicated to blockchain, crypto, and digital businesses. The 17-storey building, called Crypto Tower, is located in Jumeirah Lakes Towers (JLT). It is a joint project by Dubai Multi Commodities Centre (DMCC) and REIT Development.
The tower occupies 150,000 square feet of space. Nine floors will be allocated to offices for crypto startups and blockchain companies. Three floors will be for investment and venture capital firms. One floor will host an AI innovation lab. The top three floors will have a 30,000-square-foot crypto club for networking and events.
The building also has an NFT art gallery, a gold shop, a vault for valuables and cold wallets, and an exotic car showroom. Indoor and outdoor areas will host crypto conferences, Web3 events, and business meetings.
One special feature is that the building will use blockchain technology to manage its operations. Smart contracts and on-chain voting will handle leases, payments, and maintenance. This makes everything transparent, secure, and simple.
Construction is expected to be completed by the beginning of 2027. The tower, when it is finished, will be able to accommodate more than 3,400 tech firms in DMCC, comprising more than 700 blockchain firms. It will not only bring in local but also international blockchain companies and assist Dubai in establishing itself as a global leader in digital assets and Web3.
Crypto Tower is more than an office building. It brings blockchain, crypto, and digital businesses together in one place. It will help companies work, grow, and share ideas. Dubai now has a global example of how technology and real estate can create a smart, modern hub for the digital economy.
Also Read – Dubai Fines 19 Crypto Firms for Operating Without a License and Breaking Rules
