The Good Tech Companies - DMCC and REIT Development Unveil Landmark Crypto Tower In JLT

Episode Date: January 16, 2025

This story was originally published on HackerNoon at: https://hackernoon.com/dmcc-and-reit-development-unveil-landmark-crypto-tower-in-jlt. DMCC and REIT Development announce the construction of 17-storey Crypto Tower to support DMCC’s rapidly growing community of blockchain, DeFi and Web3 companies Check more stories related to web3 at: https://hackernoon.com/c/web3. You can also check exclusive content about #web3, #dmcc, #reit, #chatoshi, #press-release, #defi, #crypto-tower, #good-company, and more. This story was written by: @zexprwire. Learn more about this writer by checking @zexprwire's about page, and for more stories, please visit hackernoon.com. DMCC and REIT Development announce construction of 17-storey Crypto Tower. Tower to support DMCC’s rapidly growing community of blockchain, DeFi and Web3 companies. Over 150,000 square feet of leasable space, including nine office floors, three dedicated floors for blockchain incubators, an AI innovation floor, a crypto club, gold bullion shop and vault storage area.

This audio is presented by Hacker Noon, where anyone can learn anything about any technology. DMCC and Wright Development unveil landmark crypto tower in JLT by ZEX Media. DMCC and Wright Development announced the construction of 17-story crypto tower to support DMCC's rapidly growing community of blockchain, DeFi and Web3 companies crypto tower to offer 150,000 square feet of leasable space including nine office floors and dedicated floors for blockchain incubators, VC and investment firms, and AI innovation. Towered to set new standard for real estate and tenant management with use of blockchain, on-chain voting and smart contracts, reinforcing Dubai's position as leading

hub for Web3. DMCC, the leading international business district that drives the flow of global trade through Dubai and Wright Development, have announced the launch of the landmark CryptoTower. Comm in Jumeirah Lakes Towers This 17-story project will support DMCC's rapidly expanding community of blockchain, DeFi and Web3 companies, bolstering its status as a global hub for innovation and advanced technologies. Complementing the DMCC Crypto Center's existing headquarters in Uptown Tower, the new tower will add to DMCC's ecosystem with an advanced space fostering innovation, collaboration and business growth. The crypto tower will feature cutting-edge infrastructure and state-of-the-art

facilities, seamlessly integrated with advanced AI solutions powered by Chattoshi. I. With over 150,000 square feet of leaseable space, the tower will feature nine floors of advanced offices tailored for crypto startups and established businesses. Three additional floors will support blockchain incubators, venture capital firms, and investment companies, while a dedicated floor will cater to artificial intelligence, i.e., innovation. Blockchain technology will be used to streamline tenant interactions and transactions through the use of on-chain voting mechanisms, shared resources, smart contracts and other automated services. In doing so, the tower will build greater trust

and transparency and reduce administrative load, setting a new standard in community decision-making and management. Ahmed bin Sulaim, Executive Chairman and Chief Executive Officer, DMCC, said, Crypto Tower is a pioneering development that sits at the interface of blockchain, Web3 and real estate. With over 150,000 square feet of leaseable space, including nine office floors, three dedicated floors for blockchain incubators, an AI innovation floor, a crypto club, gold bullion shop and vault storage area, the tower will provide a range of cutting-edge facilities and services for the benefit of our members. The launch of Crypto Tower is both aerial world demonstration

of the future of Web3, where transparency and ownership are ensured by blockchain technology, as well as a statement of our intent as we continue to consolidate Dubai's position as the world's leading innovation hub. The development will feature a 10,000-square-foot indoor event space, complemented by a 3,500-square-foot outdoor area for crypto and blockchain events. The top three floors will house an exclusive 30,000-square-foot crypto club, providing premium networking and leisure amenities, designed to foster high-level collaboration and networking within the blockchain community. In addition to the core facilities, the crypto tower will include high-end features such as an NFT art gallery,

a gold bullion shop, an exotic car dealership, and a dedicated vault storage area offering 5,000 square feet of secure space for valuables, including gold, cash, and cold wallets. This multifunctional development will set a new standard for integrating technology, finance, and lifestyle into one space, creating a seamless and secure environment for the world's leading crypto players. Brenda Stratton, communications director at Wright Development, added, By combining blockchain technology with real-world construction in Dubai's DMCC, we're creating a physical tower that serves as a central hub for the crypto community. Every expense is on-chain, setting a new standard for transparency in the industry. Right development, recognized for integrating advanced technology and sustainability into

real estate, is at the helm of this transformative development. Construction is expected to be complete by Q1 2027, with full operations beginning shortly thereafter. For more information and exclusive updates, subscribe to the official Crypto Tower newsletter at https colon slash slash cryptotower.com. About DMCC. Headquartered in Dubai, DMCC is the world's most interconnected free zone and THE leading trade and enterprise hub for commodities. Whether developing vibrant neighborhoods with world-class property like Jumeir jumera lakes towers and the much-anticipated uptown dubai or delivering high-performance business services dmcc provides everything its dynamic community needs to live work and thrive

made for trade dmcc is proud to sustain and grow dubai's position as the placeto b for global trade today and long into the future www dmdmcc.a about right development. Right development is a new real estate developer committed to pioneering innovative projects that integrate advanced technology and sustainability. With a focus on transforming the future of real estate, right development aims to create dynamic environments that foster collaboration, creativity and growth, making it an ideal partner for the Crypto Tower initiative. For more information, visit https colon slash slash cryptotower.com about Chattoshi. I. Chattoshi is a revolutionary I-powered Web3 browser that bridges AI and Web3,

redefining how users interact with the blockchain. As an advanced AI agent, crypto search engine, and integrated Web3 Solana browser, it empowers users to access real-time market insights, explore decentralized applications and navigate the blockchain ecosystem with ease. Learn more. http://chattoshi.i.info This article is published under HackerNoon's business blogging program. Do your own research before making any financial decisions. Thank you for listening to this HackerNoon story, read by Artificial Intelligence. Visit HackerNoon.com to read, write, learn and publish.