Blockchain, crypto city, Cryptocurrency, digital economy, Governor, Nevada, United States

A crypto “smart city†could become a reality in Nevada’s desert, as a blockchain firm applied to make it possible. The investment company asked the state of Nevada to form a local government in Storey County.

Crypto City Aims to Host 33 Million Square Feet of Commercial Space

According to a report published by the Associated Press, Blockchains LLC wants to build the crypto city within its 67,000 acres of land located in Reno’s east. But the application is not limited to Blockchains LLC.

The firm’s CEO, Jeffrey Berns, wants that local authorities grant other companies the green light to do similar projects in the state.

Per the company’s CEO, if they get the approval, the firm will establish its own laws, as they’ll be granted power on building schools and even law enforcement.

The crypto city also expects to deploy an economy based on digital currencies, where residents could purchase goods and pay for services via crypto assets.

However, they don’t want to limit the project to an economy’s digitalization. In fact, the smart city aims to record financial statements, medical records, and personal data on the blockchain.

The city will be located 12 miles east of Reno. The proposal also aims to build 15,000 homes starting from 2022, if the firm gets the approval.

For the long term, precisely within 75 years, Blockchains LLC would like to build 33 million square feet of commercial and industrial space.

Berns commented on the idea that Nevada changes its legal framework to allow “innovation zones†in the state:

Nevada Governor Already Discussed the Idea of ‘Innovation Zones’

Although, Ben Kieckhefer, a blockchain-friendly Nevada Republican senator didn’t go into in-depth details on Blockchains LLC proposal, he said the following:

The “innovation zones†mentioned by Berns are not a new concept in Nevada, at least within the local political sphere. The state’s governor Steve Sisolak highlighted the idea during his State of the State address on January 19, 2021, to “diversify the economy†in a post-pandemic era.

What do you think about the concept of a crypto “smart city� Let us know in the comments section below.

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

RELATED NEWS

Topps Garbage Pail Kids Blockchain Collectibles Can Be Found at Target and Walmart

The popular trading card company Topps has just launched the “2021 Garbage Pail Kids Food Fight†series today, and the trading card packs are being sold at Target and Walmart stores. Not only will the Garbage Pail Kids (GPK) series provide people with collectible cardboard trading cards, Topps has also inserted blockchain-based rare code cards, […]

Xem chi tiết: Topps Garbage Pail Kids Blockchain Collectibles Can Be Found at Target and Walmart

Topps Garbage Pail Kids Blockchain Collectibles Can Be Found at Target and Walmart

The popular trading card company Topps has just launched the “2021 Garbage Pail Kids Food Fight†series today, and the trading card packs are being sold at Target and Walmart stores. Not only will the Garbage Pail Kids (GPK) series provide people with collectible cardboard trading cards, Topps has also inserted blockchain-based rare code cards, […]

Xem chi tiết: Topps Garbage Pail Kids Blockchain Collectibles Can Be Found at Target and Walmart

Binance Suspends Ethereum and ERC-20 Token Withdrawals Before Quickly Reversing Course

The rollercoaster-ride in cryptocurrency prices on Monday was accompanied by Binance’s fresh restrictions for ethereum and ERC-20 tokens. Ethereum Network Congestion Fingered as the Culprit for the Temporary Halt Through the official Binance Twitter account, one of the world’s largest cryptocurrency exchanges by volume, announced that it had “temporarily suspended withdrawals of $ETH and ethereum-based […]

Xem chi tiết: Binance Suspends Ethereum and ERC-20 Token Withdrawals Before Quickly Reversing Course

‘Bitcoin Is the Biggest Jailbreak in Human History,’ Says Philosopher Stefan Molyneux

On February 19, the Canadian podcaster and Freedomain Radio host, Stefan Molyneux, discussed his thoughts about bitcoin following the crypto asset’s tumultuous rise capturing over a trillion-dollar market valuation. Molyneux’s recent speech describes the liberating potential bitcoin could bring to the masses and how the crypto network has the ability to change humanity for the […]

Xem chi tiết: ‘Bitcoin Is the Biggest Jailbreak in Human History,’ Says Philosopher Stefan Molyneux

Chinese Tea Retailer Joins the Crypto Mining Industry After Hiring Two Roles to Lead Its ‘Bitcoin Business Plan’

A Chinese tea retailer is looking to make its inception into the bitcoin mining business. Publicly-listed Urban Tea announced the expansion of its operations by appointing two executives to pursue its crypto plans. Urban Tea Praises Cryptocurrencies’ Widespread Popularity Per the announcement, Urban Tea Inc. hired Fengdan Zhou as the company’s new chief operating officer […]

Xem chi tiết: Chinese Tea Retailer Joins the Crypto Mining Industry After Hiring Two Roles to Lead Its ‘Bitcoin Business Plan’

Bitcoin’s Watershed Moment- Crypto Asset Commands a $1 Trillion Market Capitalization

Bitcoin’s market capitalization has crossed the $1 trillion zone after the price per coin surpassed $53,650 per unit. The valuation comes 145 months after the launch of the Bitcoin network on January 3, 2009. ‘The First Trillion Is the Hardest’ The price of bitcoin (BTC) has surpassed the territory needed to have a $1 trillion […]

Xem chi tiết: Bitcoin’s Watershed Moment- Crypto Asset Commands a $1 Trillion Market Capitalization

Tezos Announces Major Upgrade to Improve Network Functionality

Open-source platform Tezos has just announced Edo, its fifth and most ambitious upgrade to its blockchain to date. This upgrade will add the Sapling protocol, tickets, and a new Adoption Period to support future upgrades that improve network functionality. Sapling, Tickets, and a New Adoption Period will Bolster Future Upgrades Tezos has been ramping up […]

Xem chi tiết: Tezos Announces Major Upgrade to Improve Network Functionality

US Government Expands Charges Against North Korean Hackers- Authorities Describe Them as The ‘World’s Leading Bank Robbers’

The U.S. Department of Justice (DOJ) unsealed new charges against the North Korean state-sponsored Lazarus Group. The hackers are allegedly responsible for stealing over $1.3 billion in cryptocurrencies and fiat during coordinated cyber-heists. North Korean Hackers Also Developed and Deployed Malicious Crypto Apps According to the announcement, law enforcement expanded charges to Park Jin Hyok, […]

Xem chi tiết: US Government Expands Charges Against North Korean Hackers- Authorities Describe Them as The ‘World’s Leading Bank Robbers’

As Millions Drown in Today’s Poverty Trap, Macro Strategist Raoul Pal Says ‘Bitcoin Is a Life Raft’

Pionex Is a Crypto Exchange With Built-in Automated Trading Tools You Can Trust

Token-Driven Karaoke Platform Gets a Boost in South Korea as Pandemic Hits Over 2,100 Singing Rooms

Survey Finds Many Finance Managers Are Not Planning to Hold BTC— Volatility Cited as Key Concern

Blockchain.com Raises $120 Million in a Strategic Financing Round, Firm’s Institutional Arm Swells

Privacy Coin Verge Suffers Third 51% Attack, Analysis Shows 200 Days of XVG Transactions Erased

Bluezelle is Resisting Censorship with a New Developer Grant: Interview with Neeraj Muraka

Nigeria Crypto Ban: Stakeholder Body, Politicians Assail Central Bank’s Directive to Financial Institutions

Other Articles