Key Takeaways:
- Pastor Blake Bush’s Colorado House of Prayer is using blockchain technology to tokenize the $2.5 million “Old Stone Church” property through the “Stone Coin” digital asset.
- The tokenization allows for the church building to be divided into shares, with the congregation having already raised about half of the necessary funds.
- The project’s board is exploring token sales beyond the church community, balancing the risks of external influence with faith in divine guidance.
The Colorado House of Prayer, led by Pastor Blake Bush, is attempting to purchase the “Old Stone Church,” a property valued at $2.5 million, by tokenizing it on the blockchain.
Inspired by a spiritual experience, Bush launched “Stone Coin,” a digital asset on the Polymesh blockchain, to fund the purchase.
Thanks to a slick real estate broker, a network of churches in Northern Colorado is embracing blockchain technology to securitize their sanctuary. Pray for its investors. https://t.co/Es3hsk15NY pic.twitter.com/NjHKOzyKcy
— Forbes (@Forbes) August 18, 2024
The tokenization allows the building to be divided into shares, seeking investment to reach the goal.
Bush’s congregation has already raised about half of the needed funds.
The project’s board, including local leaders, plans to expand token sales beyond the church community, despite potential risks of external influence. Bush remains confident, trusting in divine guidance for the endeavor.
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Efe Bravo, a seasoned journalist, delivers compelling insights into the cryptocurrency and blockchain industry.
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