Buenos Aires’ “Crypto Building,” Innovation Or Marketing Ploy? Here’s The 411

The Next Pampa 2.0 will be the world’s first “Crypto Building”. In the basement, there’s a bitcoin mining farm that will help pay for all the upkeep a modern building needs. They also plan to show NFTs in the lobby and whatnot. Is the real state project just trying to be “the world’s first” something? Or are the builders on to something here? The crypto building’s construction will begin in Belgrano, Buenos Aires, in Q2 2022. It will have “more than 100 apartments, with either 2, 3, or 4 bedrooms, and many of them have already been pre-sold” at around $120K for a 2-bedroom one. Does that price get you a share of a bitcoin mining operation for as long as you keep a property in the crypto building? That’s what it sounds like. According to Interesting Engineering, the Next Pampa 2.0 “can be described as a 24-floor “smart” building with a Bitcoin mining farm in its basement, the objective of which is to generate an income for the building’s operations, allowing it to cover the cost of the edifice’s maintenance and upkeep —and savings its residents the costs of having to do so themselves.” It’s worth noting that the crypto building “will also display different pieces of NFT art as decoration in its lobby.” So, it’s not a bitcoin-only project. What About Bitcoin’s Volatility? To address the volatility issue, the publication consults with Damian Lopo, the Next Pampa 2.0’s main project developer. He knows what to do....