A developer in Dubai recently unveiled plans to construct the world’s first bitcoin (BTC) tower. With the unveiling scheduled for May 24th, the project aims to demonstrate the significance of digital assets and cryptocurrencies, coinciding with the upcoming COP28 meeting in Dubai.

Plans for the first Bitcoin (BTC) tower in the world were recently unveiled by a developer in Dubai. The project which is scheduled to unveil on 24 May, aims to demonstrate the significance of digital assets and cryptocurrencies, corresponding with the upcoming COP28 meeting in Dubai.

Salvatore Liggiero, the engineer behind this endeavor, said the hotel will be the first of its sort, according to a report by Binance.

He added that the Bitcoin-themed hotel developer intends to use advanced technologies and environmentally friendly materials, and it will use no carbon dioxide.

According to various media reports, developer Salvatore Leggiero describes it as “the first hotel that gives you back the money you paid, plus interest.”

This project encourages participation in addition to educating the general public about cryptocurrencies. Artists, architects, creatives, and crypto enthusiasts are encouraged to submit their works to Leggiero.