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Todd Morley Plans to Build Blockchain Tower in Manhattan: Report

The tower will incorporate a wireless network aiming to improve access to digital ledgers.

Updated Sep 14, 2021, 1:01 p.m. Published May 25, 2021, 11:36 a.m.

Todd Morley, the co-founder and former executive of financial-services firm Guggenheim Partners, is to build a blockchain tower in midtown Manhattan.

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The New York City tower will incorporate a wireless network aiming to improve access to digital ledgers, and will be built by JDS Development Group in partnership with Overline, which Morley chairs, Bloomberg reported Tuesday.
Anyone within a certain radius of the tower would have access to blockchains, irrespective of their cellular or internet connection.
The plan is for the network to be made available on more skyscrapers, including some outside of Manhattan.
“This one building will be able to connect – sort of like a hand radio operator – everyone in New York City to a crypto trading wireless communication,” Morley told Bloomberg.
Overline “has developed a new way to decentralize communication – wireless communication – that could be used at the speed that would even allow crypto mining," he said.