The authorities of the Swiss city of Lugano, with the assistance of Tether, unveiled a statue of the founder of the Bitcoin ecosystem, Satoshi Nakamoto, during the third annual Plan B forum.

Tether said the statue’s image of Nakamoto was inspired by the “mystery and innovation” of Bitcoin’s founder.

“The monumental composition was created to play with the viewer’s perception. The statue changes shape, appears or disappears from view as the observer changes his point of view in space. According to the authors, this should symbolize Satoshi’s departure from public attention after laying the foundation of a revolutionary financial system,” Tether said.

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The statue was created by Italian artist Valentina Picozzi, who was inspired by the idea of ​​”capturing both the mystery and enduring legacy” of Nakamoto.

Earlier, Lugano authorities announced the creation of an investment pool for startups worth more than 100 million Swiss francs ($110.5 million). Local companies will receive assistance with the integration of payments in Bitcoin, USDT and LVGA tokens from the 3M CHF investment fund. The Lugano City Hall is confident that the project will attract investment to the city.