Yeah. That’s also why we’re doing it.
We think long-term at 221A, so we’re also working on a land trust at 221A, which is gonna assemble–it’s not gonna be owned by 221A, but we’re gonna kind of give birth to this land trust. We’re looking at how we’re going to assemble properties in different parts of the city, essentially. So we’re pursuing that with traditional finance right now and kind of traditional means, setting it up as a separate nonprofit.
But, you know, as this technology will allow for, we’re gonna start to connect the dots between what this model could be and then how this model can evolve into something that can be common, or how the governance of something like this could be broadly distributed.
So the surface area of governance–of all the people involved in those properties–could be better captured, rather than just having a board of directors that’s representative of certain aspects of that organization. Actually, your governance is distributed to hundreds of people and they’re involved in making key decisions about the organization and how it allocates resources, so that’s an interesting side of it.
I don’t think it’s about doing away with the physical at all.
Again, it’s about making the physical more secure and more stable and allowing it to link up with digital communities in more organic and productive ways.
And so, you know, these plans for collective ownership of physical assets, this is totally gonna be managed through Distributed Autonomous Organizations (DAO).
It’s already beginning.
There was CityDAO, which is its own thing.
They just purchased their first plot of land in Wyoming, where Wyoming has made a law available so that DAOs can exist as legal entities.
Basically you could have a LLC or a Limited Liability Corporation that’s controlled by a distributed autonomous organization for the first time in the world, and that’s in Wyoming. And now they’ve bought a land preserve and they’re gonna start developing that as what they could see as the future, so all eyes are on that.
We’re working with a group coming out of Kyiv called DOMA, which is a cooperative housing platform as well, for this sort of thing.
It’d be a way to kind of manage equitable and affordable housing at city scale, but it could also exist in different cities. Those more expensive cities could lend equity to kind of less expensive cities and vice versa to kind of even out the conditions between a certain community, as well.
There’s all kinds of potential there.
There’s thousands of people building this future.
They’re some of the brightest, most creative and curious people that I’ve met, so I’m excited about it.