New York City is doubling-down on crypto despite the bitcoin bear market. The NYC Economic Development Corp. opened a 4,000-square-foot Blockchain Center on Thursday (Jan. 10) amid the Crypto Winter. Why? Because the EDC is in it for the long haul, says an executive.
“We are playing the long game,” Ana Arino — the chief strategy officer at the EDC — told Bloomberg. “It’s a nascent technology, so there’s bound to be uncertainty around this evolution from year to year.
While we don’t know what the future holds, we want to make sure we have a seat at the table shaping it. The Blockchain Center is located in the trendy Flatiron district in downtown Manhattan. It joins other crypto and tech startups that populate New York’s Silicon Alley tech hub. That’s Manhattan’s smaller version of California’s Silicon Valley.
The center will offer coding classes and lectures to promote awareness and adoption of blockchain, the distributed ledger technology underpinning bitcoin.