The religious organization Colorado House of Prayer announced its intention to tokenize a chapel to raise funds for its purchase for $2.5 million. This was reported by Forbes, citing Pastor Blake Bush, who leads the project.
“God called me to tokenize this building. I didn’t even know what that meant. I prayed for years, and in response, I was told to go and take this chapel,” the pastor said.
To achieve this goal, Bush and his team created a digital asset called Stone Coin. They utilized the services of the Retokens platform, which specializes in real estate tokenization on the Polymesh blockchain.
It is reported that they have already raised about half of the necessary amount. To further advance the project, the team plans to attract additional funding through crowdfunding campaigns and active involvement of the local community. They believe that tokenization will not only help preserve the building but also draw attention to the innovative possibilities of blockchain in the religious and social spheres.
According to Pastor Bush, this project is part of a broader mission of the organization, aimed at using new technologies for the spiritual and economic revival of local communities.
