Update zones.md
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@ -7,3 +7,21 @@ To seed the idea and provide a proof of concept, we are currently exploring smal
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We expect this transaction to take place in Q3/Q4 2022, after which time the land will be transferred to a non-profit foundation which is held accountable
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by anyone who volunteers to live on the island through a set of governance smart contracts
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Logos is building a network of assets on chain, starting with a nature and wildlife preservation in Europe. Each parcel of land is an NFT that can be owned collectively by the DAO collectively or by individuals. It is a DAO, or Decentralized Autonomous Organization, meaning it is managed by the community.
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Why put land on the blockchain?
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Digitizing physical assets democratizes access, increases transparency, removes gatekeepers, and reduces complexity. Putting land on chain has several benefits:
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Instant land transfers, reduced legal complexity
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Democratization of ownership through crowdfunding. Currently land is only available to large investors who can afford an entire parcel.
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Open, transparent, programmable digital records
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How do I get involved?
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Stay in touch on twitter @logosblockchain, and join the Discord! We have lots of interesting discussions happening around DAO structure, land rights and governance, urban planning, and more.
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What will the land be used for?
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As part of the DAO, you can help vote and execute on what happens with the land.
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