In order to introduce a historic “Crypto Tower” at Jumeirah Lake Towers (JLT), the International Business District DMCC has signed an agreement with REIT Development. DMCC’s fast expanding ecosystem of Web3 enterprises, blockchain, and DeFi (decentralized finance) will be supported by the tower.
150,000 square feet of leasable space, comprising nine stories of offices and floors set aside for blockchain incubators, venture capital, and investment businesses, will be housed in the Crypto Tower.
According to a statement released by DMCC on Wednesday, Chatoshi.ai will enable artificial intelligence (AI) innovation on a dedicated floor.
According to the release, the skyscraper will use smart contracts, blockchain, and on-chain voting to raise the bar for real estate and tenant management.