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Lawyer Invests $300 Million to Build Crypto City in the Nevada Desert


Consumer protection lawyer Jeffrey Berns is the owner and CEO of Blockchains LLC, a assembly that bought more than 67,000 acres of land in northern Nevada for $170 million earlier this year. On Thursday, he glory ined plans to build a crypto city in the desert, claiming to have supplied $300 million to make it a reality.

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Welcome to Sandbox City

Lawyer Invests $300 Million to Build Crypto City in the Nevada DesertBerns, who focused primarily on class effect suits against big financial services companies during his law career, reportedly turn up tell of a fortune by investing in Ethereum in 2015. Now he wants to give back to the crypto community and renounce his mark on the world by establishing Sandbox City.

The sprawling complex is meant to be a perfect for running a smart city with a decentralized blockchain infrastructure powering all interactions. It on house a high-tech park for ventures combining blockchain technology with counterfeit intelligence (AI), 3D printing and nanotechnology. The planned city will file residential units for thousands of people to live in, alongside shops for marketing. The area will also host an esports arena and a studio for spawning music, movies and games.

A Friendly Bank and Nuclear Bunkers

Lawyer Invests $300 Million to Build Crypto City in the Nevada DesertAlso giving developers a place to gather, and investors an attractive tax location, Blockchains LLC has a few multifarious offers for the industry.

According to the launch event speech by the CEO, he bought two decommissioned military bunkers in opposite parts of the United States in order to offer secure physical digital asset storage. For storage worst the U.S., the company also acquired a “fortress” under a granite mountain in Switzerland, and one in Sweden.

Berns also hinted he bought a bank that he promises to make the most friendly fiat banking clarification for the cryptocurrency ecosystem. He explained that he decided to take this step on it when his own bank blocked all his cards after he outed himself as a Coinbase bloke in order to fight in court against the IRS demand for the exchange to hand greater than all client data.

The company has also signed a Memorandum of Understanding with Nevada’s tenseness public utility, NV Energy, agreeing to work together on energy hurls powered by blockchain technology.

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Does cryptocurrency technology maturation require a dedicated city? Share your thoughts in the comments branch below.

Images courtesy of Shutterstock.

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