â Colorado Church Tokenizes $2.5M Chapel
In what could be the worldâs first tokenized church, the âColorado House of Prayerâ has embarked on an innovative mission to purchase its $2.5 million chapel by leveraging blockchain technology. Led by Pastor Blake Bush, this bold move intertwines faith with finance, aiming to secure the Old Stone Church through a unique digital asset offering.
The church, guided by Pastor Bushâs spiritual vision, has introduced âStone Coin,â a blockchain-based token designed to raise funds for the purchase of their historic building. This 11,457-square-foot chapel, known for its stone exterior, was acquired by its current owner for $2.2 million in 2022. Now, the church group plans to reclaim it through a digital asset tied to real estate, operating on the Polymesh private blockchain.
Pastor Bush attributes the idea to a divine revelation, recounting how he felt called to âtokenize the buildingâ during a moment of prayer. This modern twist on a traditional capital campaign represents a fusion of faith and technology, with the pastor describing it as a mission directed by God to âgo get my house.â
As the church raises funds, theyâve already garnered about half of their $2.5 million goal. Moving forward, the tokenâs board, including Bush and other local leaders, plans to expand sales beyond the congregation, potentially to any interested investors.
While some might worry about the risks of external ownershipâlike a hypothetical scenario where non-believers or even Satanists could acquire a significant stakeâBush remains unfazed. His response? âLetâs introduce you to Jesus.â
what's your opinion on combining blockchain and religion?
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