El Salvador’s plans for the construction of Bitcoin City, an ambitious and environmentally conscious project at the base of a volcano, have been recognized by the jury of the global design platform LOOP.
It comes nearly two and a half years after the country made history by becoming the first to adopt Bitcoin as a legal tender.
According to January 25th report, the city, located in the southeast of El Salvador, has been designed by Mexican architect Fernando Romero and his firm Enterprise Free.
The project was chosen as a winner in the Cityscape category in the 2022 edition of the LOOP contest, which draws participation from architects and interior and landscape designers worldwide.
The LOOP Design Awards honor outstanding architecture and interior design projects as evaluated by a jury of over 25 experts. The jury evaluated 705 proposals from 56 countries in last year’s edition.
The contest also includes a People’s Choice Award, where the platform’s audience gets to vote for their favorite project. In just one month, the award received over 135,000 votes from people all over the world.
However, the Bitcoin City project’s recognition by both the experts and the public highlights its innovative and impactful design.
Salvadoran Architect Unveils Plans For Bitcoin City
A team led by Salvadoran architect Fernando Romero has unveiled plans for “Bitcoin City,” an innovative, sustainable metropolis that will be powered by geothermal energy from the Tecapa volcano.
According to Romero, the city will serve as an urban prototype for building better cities in emerging economies for the 21st century. The city’s central square will feature a museum dedicated to the history of money and include bitcoin in its exhibits.
The city will also include large buildings and an entertainment center and will be designed in the shape of a circle, resembling a physical bitcoin from the air.
Additionally, the project is supported by a transition to renewable energy sources and an urban planning model for a new financial system. Bitcoin-backed volcano bonds will finance it. Construction of the city has yet to begin, but the regulatory framework for the bonds is already in place.
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