The city of Reno, Nevada is developing its own DAO and NFT system on top of the Tezos blockchain network, Mayor Hillary Schieve said.
Reno, the closest major city to the famous art festival Burning Man, is developing its own decentralized autonomous organization, or DAO, and a token in partnership with Tezos.
Mayor Hillary Schieve announced the city’s plans to create the Reno DAO in a Thursday Tez Talks podcast hosted by the Tezos Commons Foundation.
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, Schieve said.
As part of the plan, the city also plans to digitize Burning Man artwork in the form of non-fungible tokens, or NFTs.