Developers in Dubai, Tokyo eye crypto buildings.

Dubai could get a new 17-story crypto tower in 2027, according to organizers, while in Asia, a bitcoin hotel in Tokyo is set to open its doors in Q3 – adding to the expansion of crypto-related buildings around the development. Sphere.

In a Jan. 15 statement, Dubai Ventures, the companies behind the Dubai Multi-Commercial Center (DMCC) and REIT development, said that “Crypto Tower” will use blockchain technology for tenant communications and transactions.

According to Ahmed Bin Sulaym, Executive Director of DMCC, the tower will have nine office floors for crypto startups, three floors for a blockchain incubator, an artificial intelligence innovation floor, a crypto club and a non-vulnerable 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 guaranteed by blockchain technology,” he said.

According to DMCC, the crypto tower is expected to be completed by Q1 2027, with full operations expected to begin soon.

DMCC already operates a Crypto Center in the Uptown Tower, which serves as a hub for blockchain and crypto companies, providing a variety of services such as licensing and regulatory support.

This is not the first time a crypto tower project has been announced for Dubai. In May 2023, the idea of ​​a Bitcoin (BTC) tower run by a decentralized autonomous organization (DAO) was announced, but there have been no updates since then.

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 January 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.

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In September, London-based investment firm IKAR Holdings also planned to create a chain of Bitcoin hotels that uses crypto in its operations.

The company said it is looking to acquire casino hotels in Portugal and Cyprus for the project.

Other planned crypto-construction projects

In October, Praxis announced a $525 million funding commitment for crypto and artificial intelligence technology leaders to build a city with few regulations.

Satoshi Island, a project to acquire an entire island near Vanuatu, opened in 2021 as a home for crypto experts and an unregulated fortress to create a blockchain-based economy.

Three years later, the island's latest update from a January 5 X post says a structural engineer is reviewing the villa's technical drawings, while details of appliances and furniture are in the works.

A crypto-powered smart city in Senegal known as Akon City was unveiled in 2018 by rapper Akon.

The project has seen little progress, and according to a report in The Times of London on August 11, 2024, the local government will take 90% of the land allocated for the project unless improvements are made soon.

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