Colorado Church Network Tokenizes Chapel to Raise $2.5 Million
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The Colorado House of Prayer, a network of affiliated church groups, has embarked on an initiative to purchase their main chapel by leveraging blockchain technology.
The group has tokenized the “Old Stone Church,” a historic 11,457-square-foot building, in an effort to raise $2.5 million to secure ownership.
The initiative is spearheaded by Pastor Blake Bush, who believes that this innovative approach was divinely inspired, according to a report from Forbes.
According to Bush, the idea to tokenize the building came to him during a spiritual experience.
“I heard the Lord say, ‘tokenize the building,'” Bush told Forbes, emphasizing that this direction was the culmination of years of prayer.
He firmly believes that this project is a mission to reclaim what he refers to as “God’s house.”
A Colorado church has made history by tokenizing its $2.5M chapel on the blockchain. This innovative move allows fractional ownership through blockchain technology, potentially paving the way for more real estate tokenization in the future. #Blockchain #RealEstate #Innovation pic.twitter.com/nOXNJUUcTf
The Old Stone Church, known for its distinctive stone exterior, has been home to Bush’s congregation and other affiliated church groups for some time.
The building’s current owner, a local businessperson who also owns a car dealership, purchased the property in 2022 for $2.2 million.
Now, the Colorado House of Prayer aims to buy it for $2.5 million.
To achieve this, the group created “Stone Coin,” a digital asset specifically designed to fund the
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