Plans for a luxury 'Crypto Tower' in Dubai have been announced, featuring a 17-storey building with a gold bullion shop, an exotic car dealership, and a premium networking club. The development will encompass 150,000 square feet of space for blockchain and Web3 companies, including incubators and venture capital firms. The project, led by DMCC and REIT Development, aims to attract both startups and established businesses. Notably, technology will be extensively integrated into the management of the tower, with tenancies secured through blockchain, allowing occupants to cast on-chain votes on communal decisions. The tower will also serve as a venue for conferences, featuring significant event space for both indoor and outdoor gatherings. The completion of the Crypto Tower is slated for the first quarter of 2027. The initiative aligns with Dubai's ambitions to become a smart city, although previous blockchain-powered city aspirations failed to materialize by their planned timeline.

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