Jeffrey Berns, the owner and CEO of Blockchains LLC and a consumer protection lawyer, had recently invested 170 million USD to buy more than 67,000 acres of land in the northern part of Nevada. He, on Thursday, revealed his plans to build a crypto city in this desert area and said that he had already put in 300 million dollars to make it a reality.
Berns, who during his stint as a lawyer, had specialized in class action suits against big financial services companies, reportedly made huge profits by investing in Ethereum in 2015. He now as a way to leave his mark on the world, and as repayment to the crypto community wants to build the crypto city, which has been named Sandbox City. All financial transactions in this sprawling complex will be conducted entirely through a decentralized blockchain infrastructure. It is slated to be a model for a functioning smart city with a high tech park for ventures that will combine artificial intelligence (AI), 3D printing and nanotechnology along with blockchain technology. the city will also include residential units to accommodate thousands of people, shops for commerce, an e-sports arena and a studio to create music movie and games.
Blockchain LLC will also offer the industry with a host of other opportunities, besides providing developers with a place to gather and investors with a an attractive tax location. According to the speech given by the company’s CEO, they had also bought two decommissioned military bunkers in different parts of the United States to facilitate the secure storage of digital assets. As for storage outside the United States, he said they had also acquired a fortress under a granite mountain in Switzerland as well as one in Sweden.
Berns also said that they have bought a banks which he assures will become the most friendly fiat banking facility for the cryto ecosystem which he clarified was he was prompted to do when his own bank blocked all his card when he revealed he was a Coinbase customer.
The company has also signed a Memorandum of Understanding with NV Energy, Nevada’s electricity public utility, thus agreeing to work on blockchain powered energy projects.