An Italian town will unveil a monument to Satoshi Nakamoto funded by local contributions.

Source: Cointelegraph Original: "A small town in Italy will unveil a monument to Satoshi Nakamoto funded by local contributions"

The government of Fornelli in the Molise region of Italy will establish a monument for the pseudonymous Bitcoin (BTC) founder Satoshi Nakamoto.

On April 23, the government of Fornelli posted on Facebook that it plans to unveil the statue of Satoshi Nakamoto on May 1. The announcement did not disclose specific details about the monument, but the city government stated that the work was designed by artist Mattia Panoni and funded by the local government.

"As an administrative body, it is essential to value all new ideas put forward by young people, and it can even be said to be fundamental." said Mayor Giovanni Tedeschi of Fornelli.

According to local government officials, Follonico has the "highest Bitcoin adoption density in the world" among approximately 1,800 residents. Other regions have also attempted to attract tourists using BTC or other cryptocurrencies, including the Bitcoin Beach area in El Salvador and the city of Zug in Switzerland, which accepts cryptocurrency payments for various local goods and services.

Presenting the image of the Faceless One through art

Since the release of the Bitcoin white paper in 2008, the identity of Satoshi Nakamoto (whether an individual or a group) has remained one of the greatest mysteries in the crypto space.

Many artists (including cryptocurrency investors and creators from other fields) have attempted to depict this pseudonymous creator through sculptures and digital images. The common feature of these works is the avoidance of clear facial features, sometimes shaping an image of someone wearing a hoodie or operating a computer.

The announcement states that the monument will be unveiled on May 1st at Piazza Umberto I in Follonica.

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