Dubai to Build 17-Storey Crypto Tower to Lead Global Blockchain Race
In order to become a global blockchain powerhouse, Dubai announced the construction of a 17-story encryption tower to accommodate the evolving blockchain and Web3 technologies. Notably, Crypto Tower will provide the Web3 community with 150,000 square feet of leasable space to build projects. The UAE is working hard to become a global blockchain technology hub, competing with the United States for the title of the world’s leading blockchain center. The 17-storey crypto tower will be located in the Dubai Multi Commodities Center (DMCC) area. As part of the UAE’s push to develop blockchain technology, Dubai International Business District DMCC will attract cryptocurrency businesses. The ambitious project is expected to be completed in the first quarter of 2027.
