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Foster the development of new technologies and support innovation. These are the goals of Porto Maravalley, a project developed by Rio de Janeiro’s City Hall to attract startups to the city’s port area, which has been completely revitalized.

The initiative, which has the support of Transfero, should attract new ventures and thereby ensure the retention of local talent, generate jobs and attract events that can contribute to the economic and social development of the city.

“Rio has everything to become the technology capital of the country, as it brings together many educational institutions and companies in the sector”, said Rodrigo Stallone, Transfero’s new Ventures director.

Before joining Transfero, the executive followed the project’s first steps while assuming the CEO position of Invest.Rio, the investment attraction and promotion agency of the City of Rio de Janeiro. He considers that creating this innovation hub is essential for the country’s technological development.

“For innovations to advance, including the crypto economy, there needs to be a controlled testing environment (sandbox), so that regulation advances in a sustainable manner, without inhibiting investments,” he said, during the BlockchaIn Rio event, held between August 2 and 5.

Rio Info 2022: the city wants to be the capital of the crypto ecosystem in Brazil

This will also be the theme of Stallone’s presentation at Rio Info 2022, which takes place on the 12th, at the Fairmont Hotel, in Copacabana (RJ). The event, which will have an exclusive track dedicated to discussions about the crypto universe, is an opportunity to learn more about the projects related to creating a “Crypto city” in the city.

The initiatives include the Porto Maravalley project and the promotion of innovation, as well as other proposals under discussion in the city. Such proposals consist of the possible creation of a carioca digital currency, the payment of taxes with crypto assets, and some tax benefits for technology companies that settle in the region (such as reducing the Tax Services (ISS) to 2%).

Besides companies focused on technology, educational institutions like the Institute of Pure and Applied Mathematics (IMPA) are also coming to the region. “Bringing all the players of the ecosystem together in the same space makes it much easier to close big deals”, Stallone said.