Lugano Honors Bitcoin Creator Satoshi Nakamoto with a Statue

Tether and the City of Lugano join hands to unveil a life-sized statue of Satoshi Nakamoto.

Mysterious person getting picket up by the Bitcoin flying saucer.
Created by Kornelija Poderskytฤ— from DailyCoin
  • The City of Lugano has unveiled a statue honoring Satoshi Nakamoto.
  • The city collaborated with USDT issuer Tether for the initiative.
  • The statue captures Satoshiโ€™s mystery and innovation through the art of perception.

The City of Lugano through its joint initiative with USDT issuer Tether, Plan โ‚ฟ, has erected a statue to honor the vision and legacy of Bitcoinโ€™s anonymous creator, Satoshi Nakamoto.

Lugano launched the Plan โ‚ฟ 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 Luganoโ€™s own LVGA tokens as payment options for taxes, public services, parking tickets, and tuition fees.

Satoshi Nakamotoโ€™s 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 โ‚ฟ Forum in Lugano.

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Erected in front of Luganoโ€™s Villa Ciani, the statue captures Satoshi Nakamotoโ€™s mystery and innovation through perception. It gradually disappears from view when an observer changes their perspective, symbolizing the anonymous creatorโ€™s 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 Bitcoinโ€™s impact on the financial landscape and the idea of decentralization.

โ€œThis artwork serves as a reminder of the enduring influence of Satoshiโ€™s vision, inspiring us to continue pushing the boundaries of innovation and financial freedom. Itโ€™s 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 USDTโ€™s $120 billion market cap milestone:
Tetherโ€™s USDT Stablecoin Eclipses $120 Billion Market Cap

Stay updated on why Tetherโ€™s CEO is open to Big Four audit:
Tether CEO Open to Big Four Audit in Transparency Drive

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Author
Brian Danga

Brian Danga is a crypto reporter at DailyCoin covering breaking news. Brian has minor holdings in Bitcoin and Ethereum.

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