CityDAO Land NFTs

CityDAO is a project where people collectively purchase and manage land through NFTs, starting with property in Wyoming. The project uses blockchain technology to enable distributed ownership and democratic decision-making for land development.

Key Points:

• Collective Land Ownership Structure:

  • People pool money together to buy land
  • Ownership is distributed through NFTs/tokens
  • Currently owns land in Wyoming

• Governance Model:

  • NFT holders get voting rights
  • All votes and decisions are public and transparent
  • Token holders vote on what to do with the land

• Revenue/Business Model:

  • Initial NFT sales generate capital
    • Organization keeps portion of initial mint proceeds
    • Can allocate different percentages to land purchase (e.g., 50-80%)
  • Ongoing revenue from secondary sales
    • Gets percentage (e.g., 5%) of all future NFT resales
  • Additional contributions possible from community

• Key Features:

  • Transparent operations - all voting and decisions visible
  • Community-driven development
  • Blockchain-based ownership verification
  • Automated revenue sharing through smart contracts

This represents a new model for collective property ownership and development, using blockchain technology to enable fractional ownership and democratic governance of physical assets.