Tether unveils Satoshi Nakamoto statue in Lugano

Tether and the City of Lugano have unveiled a life-sized statue of Bitcoin’s anonymous creator Satoshi Nakamoto at the 3rd Annual Plan ₿ Forum in Lugano.

According to the details from Tether’s announcement, the ceremony was held in front of Villa Ciani. The event brought together blockchain industry leaders, government officials, and Bitcoin enthusiasts to honor the vision of Bitcoin’s founder.

The statue symbolizes Nakamoto’s disappearance

The statue was created by artist Valentina Picozzi and employs an innovative design that plays with viewers’ perceptions.

As observers change their perspective, the statue gradually disappears from view. This symbolizes Satoshi’s mysterious departure from the public eye after establishing the groundwork for a revolutionary financial system.

“Lugano is rapidly becoming a leading hub for digital innovation, and this statue honors Satoshi Nakamoto but also embodies the forward-thinking spirit that drives our city,” Michele Foletti, Mayor of Lugano, stated.

He also expressed pride in the city’s role in supporting blockchain technology and digital asset growth.

Plan ₿ initiative and Lugano’s vision

The statue unveiling marks a major milestone in Plan ₿. It is a joint initiative between Tether and the City of Lugano aimed at accelerating Bitcoin technology adoption throughout the city’s financial infrastructure.

The program seeks to integrate blockchain technology into daily life, from small merchant transactions to larger operations like annual tax payments.

Paolo Ardoino, CEO of Tether, highlighted the deeper meaning behind the statue. “Satoshi’s decision to step away and let the community lead showcases the true essence of decentralization,” he stated.

Ardoino also mentioned that the artwork is a reminder of the influence of Satoshi’s vision that inspired everyone to push the boundaries of innovation and financial freedom.

Tether stated that the installation represents Lugano’s commitment to becoming a leading hub for blockchain innovation and digital assets. As part of the broader Plan ₿ initiative, the city aims to change its financial infrastructure using Bitcoin technology. This is also expected to affect all aspects of residents’ daily lives.

The unveiling ceremony took place during the 3rd Annual Plan ₿ Forum. It is an event dedicated to fostering dialogue, innovation, and collaboration in Bitcoin and blockchain technology.

The forum brings together thought leaders, innovators, and enthusiasts to talk about the future of decentralized finance and cryptocurrencies.