Jeffrey Berns is a cryptocurrency millionaire who wants to build a community in the Nevada desert, USA running completely on Ethereum. Instead of government and big corporations in control, the blockchain-based city would put power in the hands of the people and use cryptocurrency as the coin of the realm.
One of the designers of the community is Tom Wiscombe Architecture, and the description of the project reads, “The city aims to showcase how business development, residential living and commerce can flourish alongside world changing technologies […] Multiple innovative technologies will change the way its residents interact on a daily basis and blockchain technology will be at the center of it all – keeping systems honest, fair and democratic.”
The area planned for the city is made up of 67,000 acres (27,115 ha) of land, dubbed “Innovation Park” by Nevada Governor Brian Sandoval. It surrounds an industrial park where Tesla’s Gigafactory is located, as well as buildings that major tech giants like Google and Apple own. The New York Times reports that the property was bought for USD 170 million by the company founded by Berns, Blockchains LLC. Berns’ investment in Ethereum back in 2015, which is still the most profitable initial coin offering, is what’s funding the whole project.