{"id":696110,"date":"2025-10-22T10:55:10","date_gmt":"2025-10-22T07:55:10","guid":{"rendered":"https:\/\/buradabiliyorum.com\/en\/why-most-crypto-cities-flop-and-the-blueprint-execs-say-might-work\/"},"modified":"2025-10-22T10:55:10","modified_gmt":"2025-10-22T07:55:10","slug":"why-most-crypto-cities-flop-and-the-blueprint-execs-say-might-work","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/why-most-crypto-cities-flop-and-the-blueprint-execs-say-might-work\/","title":{"rendered":"Why most \u2018crypto cities\u2019 flop \u2014 and the blueprint execs say might work"},"content":{"rendered":"<p style=\"float:right;margin:0 0 10px 15px;width:240px\">\n                        <img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjUtMDUvMDE5NzBlNDMtOGJiNi03Zjk4LTlhODgtODNkYmU1OTY4YzQ1.jpg\" class=\"type:primaryImage\">\n                    <\/p>\n<p>Crypto executives argue that a self-sovereign city powered by cryptographic and decentralized systems is technically possible but would be immensely challenging.<\/p>\n<p><p>While there have been multiple attempts over the years at building \u201ccrypto cities\u201d  \u2014 special zones that rely on blockchain <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> to function \u2014most experiments have failed, and crypto executives think they know why.\u00a0<\/p>\n<p>One of the more recent high-profile projects was Akon City, the brainchild of Senegalese-American singer Akon. Announced in 2018, it was supposed to be a $6 billion smart city with a crypto-powered economy, but was officially abandoned in July.<\/p>\n<p>Satoshi Island, a project to acquire an entire island near Vanuatu, launched in 2021 with the aspiration of creating a home for crypto professionals within a blockchain-based economy. Its last <a rel=\"nofollow\" target=\"_blank\" data-ct-non-breakable=\"null\" href=\"https:\/\/x.com\/satoshiisland\/status\/1940674239482548541\" rel=\"noopener nofollow\" target=\"_blank\">update<\/a> was in July, and the project was still working to establish essential services and secure its license agreement with the island\u2019s stakeholders.\u00a0<\/p>\n<p>Read more<\/p>\n<\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN63nwsw68G3Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/buradabiliyorum.com\/en\/category\/general\/\" target=\"_blank\" >General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/why-crypto-cities-have-failed-how-it-could-work?utm_source=rss_feed&#038;utm_medium=feed%3F_nocache%3D1761119369590%26_ts%3D1761119369590%26r%3Dhu0045&#038;utm_campaign=rss_partner_inbound\" target=\"_blank\" >Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Crypto executives argue that a self-sovereign city powered by cryptographic and decentralized systems is technically possible but would be immensely challenging. While there have been multiple attempts over the years at building \u201ccrypto cities\u201d \u2014 special zones that rely on blockchain technology to function \u2014most experiments have failed, and crypto executives think they know why.\u00a0&#8230;<\/p>\n","protected":false},"author":1,"featured_media":696111,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/cdn-cgi\/image\/format=auto,onerror=redirect,quality=90,width=1200\/https:\/\/s3.cointelegraph.com\/uploads\/2025-05\/01970e43-8bb6-7f98-9a88-83dbe5968c45","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74894,74863,77345,74892,74355,117,4965],"class_list":["post-696110","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-blockchain","tag-cryptocurrencies","tag-smart-city","tag-tokens","tag-adoption","tag-business","tag-technology"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/696110","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=696110"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/696110\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/696111"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=696110"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=696110"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=696110"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}