Church in UK tokenizing chapel for fundraising effort, allowing donors to buy shares

From Cointelegraph
August 18th, 2024 12:40 PM:

The church in Manchester, UK, is launching a tokenized fundraising effort using blockchain technology. This move will allow donors to buy tokens that represent shares in the church building. The tokens can potentially appreciate in value, providing a unique investment opportunity for contributors. The church hopes to raise £400,000 for urgent repairs.

By utilizing blockchain technology, the church aims to engage a wider audience and attract new interest in their fundraising efforts. The tokenized shares will be offered to both the local community and international donors, allowing anyone to invest in the historic building’s restoration. This innovative approach could set a precedent for other organizations seeking creative fundraising solutions.

The tokenized church project is a collaboration between the church, a blockchain company, and a real estate tokenization platform. The church building, built in 1890, is in need of significant repairs to address structural issues and preserve its historical beauty. The tokenized fundraising initiative is seen as a progressive way to finance essential restoration work while involving a global audience.

Read more at Cointelegraph: Colorado Church group tokenizes $2.5M chapel