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New 'Crypto Tower' to Strengthen Dubai as an Innovation Hub

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by A1

8 days ago


DMCC and REIT Development unveiled plans for the 17-storey 'Crypto Tower' in Jumeirah Lakes Towers, strengthening Dubai's position as a global innovation hub.

Key Features of Crypto Tower

The Crypto Tower will complement DMCC Crypto Centre's headquarters in Uptown Tower, featuring over 150,000 square feet of leasable space, including nine office floors for startups and major firms, three floors for blockchain incubators and venture capital firms, and a floor dedicated to AI innovation, powered by Chatoshi.ai.

The Crypto Tower is a pioneering development that sits at the interface of blockchain, Web3, and real estate. The launch of Crypto Tower is a statement of our intent as we continue to consolidate Dubai’s position as the world’s leading innovation hub.Ahmed Bin Sulayem, Executive Chairman and CEO of DMCC

Chatoshi’s Unique Role in Innovation

At the heart of the Crypto Tower's ecosystem is Chatoshi, redefining smart building operations. The Chatoshi token facilitates access to tower services and functions. Supported by Hero.io, Chatoshi.ai uses AI to automate energy systems and optimize on-chain leasing.

Tower's Impact on Community and Technology

The Crypto Tower will offer premium networking and collaboration opportunities, enhancing transparency and trust through blockchain and smart contracts. Led by REIT Development, known for technology and sustainability, the tower is a significant tech, finance, and lifestyle integration.

Creating a physical tower that serves as a central hub for the crypto community sets a new standard for transparency in the industry.Brenda Stratton, Communications Director at REIT Development

The construction of the Crypto Tower is set for completion by Q1 2027. This visionary development will redefine technology, finance, and lifestyle integration in a secure environment for leading crypto innovators.

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