By Michael Scott
A Costa Rica-based platform that nurtures talent and creativity, LOOP Design Award has recognized the unique architecture of El Salvador’s “Bitcoin City.” In last year’s LOOP Design Competition, Bitcoin City outperformed other architectural projects. At the event, the Bitcoin City architect was awarded.
Bitcoin City Wins an Award
In September 2021, El Salvador was the first to adopt the leading crypto asset, Bitcoin, as a legal tender. This exciting move influenced other countries to follow the El Salvador footprints.
Following this, El Salvador has continued to navigate the crypto space launching massive projects such as Bitcoin City.
According to a report shared by a Salvadoran local News Agency, Noticias de Bariloche, on January 24, Bitcoin City emerged as the best project at the 2022 LOOP Design Competition.
At the event, contestants from 56 countries presented 705 proposals. Out of the hundreds of projects submitted, Fernando Romero, the architect behind the Bitcoin City, received more votes from the 25 judges present.
Romero and his team scooped the urban design category award, while Bitcoin City won the architecture category.
Romero Past Achievements
The Mexican architect Romero is the designer of the Bitcoin City project yet to be constructed in El Salvador.
Romero’s project represents massive circles resembling Bitcoin’s shape near Tecapa and Conchagua volcanoes. The volcanoes will supply the proposed city with renewable energy.
The city will utilize sustainable energy and embrace an innovative urban planning structure that will pave the way for a new financial system.
At the center of Bitcoin city, Romero has implemented geometric features to represent a proposed museum that will be used to demonstrate the evolution of El Salvador currency.
Besides winning the LOOP award, Romero was recognized at Global Architecture & Design Award 2021. His project portrayed a creative architect for the new Mexican International Airport.
Recent Remarks from President Nayib Bukele
On January 24, the Salvadoran pro-crypto president Nayib Bukele silenced critics from international media agencies, financial analysts, and rating service providers on his Twitter account.
The ongoing criticism revealed El Salvador’s inability to settle the Central America dollar bond, translating to $800M, which was almost to maturity at the end of January.
In his Tweet, Bukele announced that El Salvador settled the full amount of the foreign dollar bond.