CityDAO is exploring decentralized asset ownership on-chain, starting with a piece of land in Wyoming. Each parcel of land is an NFT that can be owned collectively by the DAO collectively or by individuals
Digitizing physical assets democratizes access, increases transparency, removes gatekeepers, and reduces complexity. Putting land on the chain has several benefits:
- Instant land transfers, reduced legal complexity
- Democratization of ownership through crowdfunding. Currently land is only available to large investors who can afford an entire parcel.
- Open, transparent, programmable digital records