Dubai’s Crypto Power Move: $8.8B Bet to Transform Maldives Into Blockchain Oasis
Forget beachfront property—Dubai’s family offices are buying the whole sandbox. A $8.8 billion play aims to turn the Maldives into the next blockchain hotspot, because nothing says ’decentralized future’ like a sovereign wealth fund writing the checks.
The pitch? Luxury resorts meet ledger tech. Imagine sipping a cocktail while your smart contract executes—tax-free, of course. The Maldives’ government, no stranger to geopolitical tightropes, seems happy to play ball. Who needs stable democracy when you’ve got stablecoins?
Critics whisper about ’tourism meets tulip mania,’ but try telling that to the VCs already drafting their ’island DAO’ whitepapers. One thing’s certain: when the tide goes out, we’ll see who’s been swimming in tokenized trunks.
