Posted April 11, 2024 at 7:16 am EST.
In an era where remote work has become the norm, Empire DAO, founded by Mike Fraietta, proposes a novel integration of blockchain technology into the commercial real estate sector. As discussed in a recent episode of Unchained Premium, the project aims to convert commercial properties into spaces that are co-owned and governed by the local community, leveraging blockchain for decentralized management.
This initiative reflects a growing trend towards digital governance of physical assets, presenting an alternative to traditional co-working spaces. The approach involves utilizing a combination of Solana and Bitcoin technologies and introduces the IRL token to facilitate decentralization. Empire DAO’s model also addresses the increased feelings of isolation reported post-COVID, proposing a solution that fosters community and collaboration. However, it faces regulatory challenges in aligning physical real estate with blockchain technology.
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