CryptocurrencyNews

Blockchains LLC Speeds Up Its Plans For Developing A Cryptocurrency City In The Nevada Desert

Blockchains LLC, a blockchain investment company, is considering introducing a smart city in a desert of the Nevada state and has revealed plans for it. The senior executive of this blockchain firm has said that the company is speeding up its efforts and plans for the development of this city.

Turning The Dream Of Smart Crypto City In Reality

The firm is making efforts for turning the dream of developing a smart cryptocurrency city into reality. Jeffrey Berns, the Chief Executive Officer (CEO) of Blockchains LLC gave an interview to Associated Press on Saturday on the 13th of February where he disclosed his company’s plans for rolling out a crypto smart city in a desert of the Nevada state.

He revealed in the interview that they intend to make local government on the land (67,000 acres) which is owned by the company in the Storey County, a county present in the Nevada state. And for forming the government out there, the CEO of the firm said that they have asked the permission of the Nevada state. As soon as the company is granted permission, it will be able to run this zone on its own.

📰 Also read:  Stopping the Central Bank Digital Currency: A Presidential Commitment by Donald Trump

While acting as the local government of the region, the company would have the authority to incorporate cryptocurrency payments out there. People would be able to use cryptocurrencies for purchasing services and goods. Moreover, they will be using blockchain for the maintenance of records. Apart from that, they would also be able to form their own courts and levy different taxes.

Berns further stated that he does not believe that the current set up of the government is the ideal one for forming a blockchain-based community. He said that therefore, he wants to bring a city where people does not feel hesitant in starting from scratch and are willing to do that. Reportedly, Blockchains acquired this land originally back in the month of January in 2018 for an amount of $170 million. According to his statement, this city will consist of properties for residence, e-sports arena, and different blockchain campuses. He further revealed that his mission is to develop around 15,000 houses in this city within the time frame of the next 75 years.

📰 Also read:  Which Crypto Spot ETFs Are Next? Solana, Dogecoin, and XRP Lead the List

At Tokenhell, we help over 5,000 crypto companies amplify their content reach—and you can join them! For inquiries, reach out to us at info@tokenhell.com. Please remember, cryptocurrencies are highly volatile assets. Always conduct thorough research before making any investment decisions. Some content on this website, including posts under Crypto Cable, Sponsored Articles, and Press Releases, is provided by guest contributors or paid sponsors. The views expressed in these posts do not necessarily represent the opinions of Tokenhell. We are not responsible for the accuracy, quality, or reliability of any third-party content, advertisements, products, or banners featured on this site. For more details, please review our full terms and conditions / disclaimer.

📰 Also read:  Trump's Crypto Silence Raises Industry Concerns: What to Know

Mubashar Nawaz (United Arab Emirates)

Mubashar Nawaz is an experienced crypto writer working for Tokenhell. Having passion for writing, he covers news articles from blockchain to cryptocurrency.

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
Close
Skip to content