Dubai Multi Commodities Centre announces “Crypto Tower”
Supplied/DMCC
Dubai Multi Commodities Centre (DMCC) and software company Reit Development have announced plans to build a 17-storey “Crypto Tower” that they say will demonstrate the use of blockchain technology.
Blockchain will be used for tenant interactions and transactions through the use of on-chain voting mechanisms, shared resources, smart contracts and other automated services.
The 150,000 sq ft of leasable space will be reserved for blockchain, decentralised finance and Web3 companies.
The tower, to be built in Jumeirah Lakes Towers, will feature nine floors with offices tailored for…
