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Dubai developer DMCC is planning a 17-story Crypto Tower in Dubai, while a Bitcoin hotel in Tokyo is set to open its doors later this year.
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Dubai could be getting a new 17-storey Crypto Tower in 2027, according to its developers, while in Asia, a Bitcoin hotel in Tokyo is set to open its doors in Q3 — adding to a lengthening list of crypto-linked buildings in development around the globe.
In a Jan. 15 statement, the companies behind the Dubai venture, Dubai Multi Commodities Centre (DMCC) and REIT Development, said the “Crypto Tower” will use blockchain tech for tenant interactions and transactions.
Ahmed Bin Sulayem, executive chairman of DMCC, said the tower will have nine office floors for crypto startups, three floors for blockchain incubators, an artificial intelligence innovation floor, a crypto club, and a non-fungible token (NFT) art gallery.
“The launch of Crypto Tower is both a real-world demonstration of the future of Web3, where transparency and ownership are ensured by blockchain technology,” he said.
Source: DMCC Crypto Centre
According to DMCC, the crypto tower is expected to be completed by Q1 2027, with full operations expected to start soon after.
DMCC already operates a crypto center in Uptown Tower, which acts as a hub for blockchain and crypto companies, providing a range of services, such as licensing and regulatory support.
This isn’t the first time a crypto tower project has been announced for Dubai. In May 2023, an idea for a Bitcoin (BTC) tower governed by a decentralized autonomous organization (DAO) was unveiled, but there haven’t been any public updates since.
At the same time, a Japan-based Bitcoin Hotel — operated by Bitcoin-stacking firm Metaplanet — is set for a grand opening sometime in Q3 2025.
According to a Jan. 10 post to X, the hotel aims to be a “hub for Bitcoin adoption, education, and community” and will have a Bitcoin gallery, art museum, and workspaces.
Related: Bitfinex to refund investors of its failed El Salvador Hilton hotel project
In September, London-based investment firm IKAR Holdings also planned to create a chain of Bitcoin Hotels that would use crypto in its operations.
The firm said it was looking to acquire casino hotels in Portugal and Cyprus for the project.
Other proposed crypto-building projects
In October, Praxis, a self-described “internet-native alliance,” announced it had a $525 million funding pledge to build a city with fewer regulations for crypto and artificial intelligence tech leaders.
Satoshi Island, a project to acquire an entire island near Vanuatu, launched in 2021 with a grand plan to create a home for crypto professionals and a deregulated stronghold with a blockchain-based economy.
Three years later, the latest update for the island from a Jan. 5 X post said a structural engineer is reviewing the villa’s technical drawings while equipment and furniture details are in the works.
Source: Satoshi Island
A proposed crypto-powered smart city in Senegal, known as Akon City, was announced by rapper Akon in 2018.
The project has seen little progress, and according to an Aug. 11, 2024 report in The Times of London, the local government has said it will take back 90% of the land gifted for the project unless advances are made soon.
Magazine: Crypto market is ‘not playing ball’ so far in 2025: Jason Pizzino, X Hall of Flame
This article first appeared at Cointelegraph.com News
