Dubai, United Arab Emirates - On 24 May, the world will witness the launch of the innovative Bitcoin Tower project at the 28th Conference of Parties (COP28) in Dubai. Led by developer Salvatore Leggiero, the initiative also marks the launch of a new hotel chain.
Hotel chain vision
According to EINpresswire, the hotel chain aims to adopt advanced technologies such as blockchain and artificial intelligence (AI). In a bid to make sustainability and carbon neutrality a priority, the hotels will be designed in the form of bitcoin (BTC). In addition, the project emphasises the importance of cryptocurrencies and digital assets by offering guests non-playable tokens (NFTs) as rewards.
Unique financial model
A notable aspect of the hotel chain is the Annual Percentage Yield (APY). Customers will be able to earn interest on their cryptocurrency assets by betting against rental rates. Salvatore notes that this will be the first hotel to offer a cash return on guests' spending. Project investor and CEO of Metaverse Investment LLC commented:
Project launch details
The long-awaited launch of this unusual project is scheduled for Wednesday 24 May 2023. The event will be held at the Bella Restaurant Lounge in Dubai, UAE and will be attended by an exclusive group of guests and stakeholders.
Inspired by dreamers
Salvatore was inspired by Leonardo da Vinci's imagination and enlisted Simone Micheli to create a virtual universe in the Bitcoin Tower. Simone Micheli explained:
"I will be using a completely different logic and concept than traditional construction methods to create a virtual environment that offers a unique experience."
A digital-physical revolution
Salvatore believes the Bitcoin tower represents a revolutionary leap in bridging the gap between digital and physical real estate. He encourages creative crypto-enthusiasts to explore the potential of turning their digital creations into NFT. This project marks the exciting beginning of this transformative revolution.