Reno Developing Its Own DAO And A Token In Partnership With Tezos

Reno, the major city of the famous art festival Burning Man, is developing its own decentralized autonomous organization (DAO) and a token in partnership with Tezos.

It has been reported that Mayor Hillary Schieve announced the city’s plans to create the Reno DAO in a Tez Talks podcast hosted by the Tezos Commons Foundation.

Schieve said that the city will build its Reno DAO and Reno Coin on top of the Tezos blockchain network in order to monetize art objects and pieces as well as further explore the potential benefits of blockchain and crypto to solve some of its biggest pain points.

However, as part of the plan, the city also plans to digitize Burning Man artwork in the form of non-fungible tokens (NFTs).

The city of Reno is jumping headfirst into the blockchain space as they plan on creating Reno DAO and Reno Coin on top of the Tezos blockchain. Will other cities follow in their footsteps? — Cointelegraph (@Cointelegraph) March 5, 2021

According to Schieve, the city of Reno will create its first NFT for Burning Man’s Space Whale sculpture, a major festival artwork located in Reno.

The mayor said that turning the artwork into an NFT would help the city monetize and support local art and serve as a starting point for the mainstream adoption of crypto.

He added:

“It’s gonna take a long time to adopt, we know that […] But eventually, this will end up being mainstream, where citizens will get it, and I think you also have to walk before you can run. There are really easy ways to get my community to start using cryptocurrency to pay for things like sewer payments.”

Likewise, Theodore Clapp, a local undergrad researcher involved in the initial design of the Reno DAO, chose the Tezos ecosystem for building the project. Clapp explained that he found Tezos the best fit for the DAO in terms of its resources and frameworks.

The researcher said:

“So I eventually decided on Tezos.”

Thus, he concluded:

“I’m not biased, I’m not like a Tezos maximalist or anything. I just went to CoinMarketCap and went down the list investigating the different blockchains and the technologies that were available, to actually develop a DAO, because I was trying to find the best platform for scalability, fees, long-term sustainability.” 

Source: Cointelegraph


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