We propose consolidating the CityDAO Land Marketplace and Baby Parcel concepts under a new entity, Hashland, with the mission to bring the world’s land on chain. We see a future where blockchain replaces county land registries, and transactions take three seconds instead of three weeks. By representing land as NFTs, land becomes a programmable primitive, making it easy to implement mechanisms like Harberger taxes and collective financing on top. Plus, the land will be interoperable with DeFi for lending and financing.
We propose starting small, with the NFT Lease primitive that will allow us to build a network of leasable land on-chain today. By starting with NFT leases instead of true ownership, we can bypass convincing county registries to switch to blockchain (though that’s something we’d love to try in the future).
We will start by offering NFT land ownership to Citizens using the Baby Parcel in Blanca, Colorado. If there is excess demand, we will buy more parcels for Citizens, prioritizing buying them close together to create a neighborhood. We will accept requests from Citizens to buy land in any US state. Then, we will be a platform on which DAOs and crypto-native organizations can lease and eventually buy NFT based land.
To enable agility and efficiency, a separate Hashland entity will be formed and the project will be run as a centralized entity with Scott serving as CEO and exercising management responsibilities and setting the cap table, team & salaries, incentives, etc.
Scott - CEO
Josh - COO
Casey - Design Lead
Tuncay - Engineering Lead
The team requests $135k in immediate funding for development costs, fronting land acquisition costs if needed, and compensation, and other expenses. Upon meeting the Success Criteria below, an additional $65k may be unlocked. If this CIP passes, in exchange for the $135k contribution, Hashland will remit 10% of its net revenue to CityDAO, up to $10m.
Upon passage, funding to be sent to 0x944d5ce202ada5da68Fb35C36e26877d5ebC8a25, an address administered by scottfits.
The Hashland team will start by executing on Baby Parcel - it will be the first “customer” of the Hashland marketplace. The Baby Parcel properties will be owned by CityDAO but made available to lease on Hashland. CityDAO will receive revenues from the Baby Parcel leases and can ideally continue adding property to the marketplace.
Hashland Inc will keep a 1% transaction fee on land purchase or sale transactions (via NFT royalties). If this CIP passes, in exchange for the $135k contribution, Hashland will remit 10% of its net revenue to CityDAO, up to $10m.
For example: Vitalik buys $10,000 worth of land. The seller of that land (could be CityDAO, Hashland, or a private individual who listed land on Hashland) who listed the parcel parcel on the network keeps $9,900. $100 of that purchase (1%) goes to Hashland treasury. If the CIP passes, 10% of that revenue, $10, goes to CityDAO.
In exchange for the $135k, 10% of net revenue from Hashland transaction fees will be remitted to CityDAO, up to $10m.
- Parcel Leasing Portal shipped
- 50+ Citizens own an NFT lease
- At least 1 Notable Citizen has an NFT lease (Vitalik, Balaji, Cuban, or Armstrong)
- At least 1 other DAO or on-chain org owns an NFT lease
If all the success criteria are met, the Hashland team receives an additional $65k for continued development of the project.
We will use the CityDAO Parcel 0 Viewer as a starting point, and add the ability to select lease length and enforce that transfers are within a whitelist. See the technical implementation doc for details.
|Q4||Get first 20 leases to trusted citizens from Baby Parcel properties. Start a process where Citizens can apply to get whitelisted. Prioritize Citizens who are trusted / known, and prioritize those who will use the land.|
|Q4||Develop on chain lease mechanism|
|Q4||Pass CIP for $200k in initial funding|
|Q4||Initial Designs for Parcel Viewer|
|Q4||Start Parcel Viewer Development|
|Q1 2023||Find 5-10 DAOs and projects and propose buying land for them|
|Q1 2023||Get notable CityDAO Citizens to buy land (Vitalik, Balaji, Cuban, Brian Armstrong)|
|Q3 2023||Partner with a county to take over their land registry|