Dubai intends to construct the first Bitcoin Tower, a hotel designed to resemble the digital money. This innovative project aims to promote blockchain technology and investigate its possible applications. Artificial intelligence will be used by the Bitcoin Tower to cut down on paper use and implement eco-friendly procedures in daily operations.

Also read: Saudia Arabia opens opportunities for Pakistani medical fields:

The project’s real estate developer, Salvatore Leggiero, released the design’s specifics and illustrations on May 24 during the COP28 conference in Dubai. The 40-story structure will be built in the distinctive architectural style of Dubai, home to the famed Burj Khalifa, the highest building in the world.

The internal rewards and transaction mechanisms of The Bitcoin Tower will use non-fungible tokens (NFTs). Within the hotel, these NFTs will be useful. The hotel will let customers who stake bitcoins use their returns to pay for their stays.