- The City of Lugano has unveiled a statue honoring Satoshi Nakamoto.
- The city collaborated with USDT issuer Tether for the initiative.
- The statue captures Satoshiโs mystery and innovation through the art of perception.
The City of Lugano through its joint initiative with USDT issuer Tether, Plan โฟ, has erected a statue to honor the vision and legacy of Bitcoinโs anonymous creator, Satoshi Nakamoto.
Lugano launched the Plan โฟ initiative in March 2022 to scale its blockchain capabilities and promote the city as a major hub for European blockchain adoption. The initiative started with Bitcoin, USDT, and Luganoโs own LVGA tokens as payment options for taxes, public services, parking tickets, and tuition fees.
Satoshi Nakamotoโs Statue in Lugano
According to a press release on October 25, government officials, blockchain industry leaders, and Bitcoin enthusiasts gathered on Friday to unveil a life-sized statue of Satoshi Nakamoto at the 3rd Annual Plan โฟ Forum in Lugano.
Sponsored
Erected in front of Luganoโs Villa Ciani, the statue captures Satoshi Nakamotoโs mystery and innovation through perception. It gradually disappears from view when an observer changes their perspective, symbolizing the anonymous creatorโs retreat from the public after the foundation of the crypto revolution.
Tether CEO Paolo Ardoino lauded the development, noting that it was a testament to Bitcoinโs impact on the financial landscape and the idea of decentralization.
โThis artwork serves as a reminder of the enduring influence of Satoshiโs vision, inspiring us to continue pushing the boundaries of innovation and financial freedom. Itโs an honor to unveil this tribute to a visionary who reshaped the world of finance and empowered millions globally.โ Ardoino stated.
According to the statement, Valentina Picozzi inspired the statue by capturing Satoshi Nakamoto’s mystery and enduring legacy.
Read about USDTโs $120 billion market cap milestone:
Tetherโs USDT Stablecoin Eclipses $120 Billion Market Cap
Stay updated on why Tetherโs CEO is open to Big Four audit:
Tether CEO Open to Big Four Audit in Transparency Drive