Reno, the closest major city to the famous Burning Man arts festival, 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 presented by the Tezos Commons Foundation.
The city will build its Reno DAO and Reno Coin on top of the Tezos blockchain network to monetize objects and art 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’s artwork in the form of non-expendable tokens, or NFTs. According to Schieve, the city of Reno will create its first NFT for Burning Man’s Space Whale sculpture, a major artwork from the Reno-located festival. The mayor said that turning the artwork into an NFT would help the city to monetize and support local art and serve as a starting point for the widespread adoption of cryptocurrencies:
“It will take a long time to adopt it, we know that […] But eventually, this will end up belonging to the 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 crypto to pay for things like sewer payments. “
Theodore Clapp, a local university researcher involved in the initial design of the Reno DAO, chose the Tezos ecosystem to build the project. Clapp explained that he found Tezos to be the best option for DAOs in terms of its resources and frameworks. “So I finally decided on Tezos”said the researcher, and explained:
“I’m not biased, I’m not like a Tezos maximalist or anything. I just went to CoinMarketCap and went through the list researching the different blockchains and technologies that were available, to actually develop a DAO, because I was trying to find the best platform for scalability, fees, and long-term sustainability. “