Dubai’s Multi Commodities Centre (DMCC) has partnered with innovative software solutions developer, REIT Development to construct a 17-storey crypto tower in Dubai’s Jumeirah Lakes Towers (JLT). The development was confirmed in a blog post released on Wednesday.
DMCC, situated in the heart of Dubai, is a prominent international business district recognized for its pivotal role in facilitating global trade throughout the region. It serves as a hub for various industries and businesses, promoting economic growth and connectivity.
It is worth noting that the project intends to support DMCC rapidly growing community of blockchain, DeFi, and Web3 companies. As revealed, it also entails plans to solidify the region’s status as a global hub for innovation and advanced technologies.
Prior to this partnership, DMCC had a pre-existing crypto centre headquartered in Uptown Tower. As such, this new project will complement the DMCC ecosystem with advanced space fostering innovation, collaboration, and business growth.
DMCC Tower will cater for advanced AI solution
The DMCC Tower will feature cutting-edge infrastructure and advanced facilities, seamlessly integrated with an advanced AI solution powered by Chatoshi.ai. Boasting over 150,000 square feet of leasable space, the tower would house nine floors of advanced offices tailored for crypto startups and established businesses. Also, three floors will be dedicated to blockchain incubators, venture capital firms, and investment companies. In addition, a floor would be dedicated to cater to Artificial Intelligence (AI) innovation fueled by Chatoshi.
Furthermore, the DMCC tower will also feature a 10,000-square-foot indoor event space and a 3,500-square-foot outdoor area for crypto and blockchain events. The three top floors of the JLT crypto tower would house a 30,000-square-foot exclusive crypto club, designed to foster high-level collaboration and networking within the blockchain community.
In addition, the tower would also house a variety of high-end facilities. These facilities include an NFT art gallery, a gold bullion shop, an exotic car dealership, and a 5000-square-foot storage vault. This development would set a new industry standard, integrating technology, finance, and lifestyle into one space. Similarly, it would also create a secure environment for the world’s leading crypto players.
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