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…