Building Equitable Neighborhoods
& Inclusive Cities with Blockchain
The BLDG BLOX [Building Blocks] application provides financial and social infrastructure to establish a global network of design and development practices for the first time.
Today, some of the most publicly valued assets are actually our most private. Our parks, public art, historic buildings, and even our homes are reliant on top-down governance and a handful of patrons who determine the future of our cities. We want our neighborhoods to be more resilient and our cities to be smarter about allocating resources for both growth and preservation.
Blockchain infrastructure is a technological leap towards achieving a new means of cooperative ownership. From real estate to coworking spaces and community programs, BLDG BLOX leverages smart contracts and distributed resources to empower a more sustainable, equitable, and transparent dynamic between stakeholders, user communities, and project initiatives.
Property is a Monopoly.
Only a relative handful of people determine our built environment. Becoming a stakeholder of any city space or project requires massive top-down investment and virtually no bottom-level entry points. As a result, decision-making and value is controlled by a very small number of corporate gatekeepers and those most affected are unable to participate in a meaningful way.
This current system boxes out potential stakeholders with stronger ties to the success and longevity of a project. These constituents are the aspiring designers, local investors, entrepreneurs, community leaders, and non-profits that need to be able to build stake in the projects they steward.
A New Paradigm for Stakeholders.
A more dynamic reward network and governance system is direly needed, one that more efficiently integrates both financial and social stakeholders.
Blockchain provides for an accessible paradigm to coordinate among stakeholders - those who invest, contribute, engage, and support. This new layer of tokenized ownership provides the opportunities for greater transparency, efficiency, and decentralization of project participation.
Our goal is to establish an application where any stakeholder is able to pursue impactful proposals that communities support.
A New Future for BLDing
The BLD Token is the cryptocurrency that will be used in all transactions on the BLDG BLOX crowdfunding marketplace and other future applications. With BLD, users will be able to invest in, incentivize, and be rewarded for collective development practices and bringing more value to the token ecosystem.
The BLD token is powered by a delegated proof-of-stake (DPoS) blockchain, allowing for stake-based voting and resource distribution. This is very different than the linear transactions of proof-of-work (PoW) cryptos like Bitcoin and Ethereum. BLDers can earn the token by creating project proposals within applications like the BLDG BLOX marketplace and requesting support from interested stakeholders and community members. BLDers will also be able to incentivize those developments through delegating (lending) their tokens and voting on projects (tapping into a daily reward pool) instead of traditionally direct investment.
Incentivizes contributors with stake-based ownership. Anyone who is involved in a project - i.e. the designer, community volunteer, local institution - can become a stakeholder. Stake-based voting to distribute an inflationary rewards pool. BLDers will be able to direct a portion of the rewards pool to support projects without spending their tokens. A global market for real estate developers, architects, and creative practitioners to seek support and involvement for innovative projects.
BLD Use - Cases
BLD's token economy can be used across a broad spectrum of applications, anywhere from a pop-up art event to a commercial property development. Each use case adds to the diversity and value of this creative and global ecosystem while opening up avenues for anyone to co-invest and participate.
Each BLD use-case can customize parameters for token distribution based on a timeline, and deliverables. Stakeholders can temporarily delegate BLD to kickstart and sustain proposals they deem as valuable for the growth of the ecosystem. BLDers will utilize that delegation to reward their project community leaders for tasks and completed work. Project revenue can be distributed back to delegators and contributors in accordance to project-specific metrics.
Art Galleries Pop-Up ProgramsPublic ArtPublic AssetsCo-Working SpacesResidential / Commercial Properties
The BLDG BLOX App
BLDG BLOX is the first application to utilize the BLD Token and will serve as the social marketplace for proposals and their involved communities. BLD stakeholders will be able to propose and choose promising initiatives to support and get involved in while tracking the progress of any given project.
Laying the Foundation to BLD
In order to develop the BLD token and BLDG BLOX application, our team has been piloting development strategies over the last three years. These include building projects and programs on the STEEM blockchain which operates on DPoS and a similar token reward model. The following are two flagship projects developed out of our creative studio Sndbox -
Steem Park is a physical park development project in Brooklyn, NY. The installation was the first of its kind, funded entirely by cryptocurrency and through crypto-crowdfunding platforms like Steemit. No investors, no grants, and no clients were needed for this project. Steem Park was a completely community-driven initiative made possible by blockchain governance and rewards.
Watch the documentary produced by the Timelapse Group, above.
Powered by the Steem blockchain, the Sndbox Incubator has worked extensively on token-staking as a precedent for project investment and distributing rewards. Our global network has;
Distributed $438,000 USD in project development funds to 13 built projects and programs.Built a global community (28 countries) with hundreds of designers, non-profit organizations, program constituents, and more.
'Blockchain Urbanism' Lecture at Columbia University
Co-Founder Kirk Finkel recently gave a lecture at Columbia University's Graduate School of Architecture, Planning & Preservation on the potential impact of blockchain protocols on urban development. The talk introduced our teams' exploration of tokenized applications to fuel building programs.
BLD + BLDG BLOX is a project by Sndbox, a creative blockchain studio. We are a global team of architects, urban designers, artists, engineers, software developers, and community leaders with three years of experience working on blockchain products.
Founder & Chief Executive Officer
Michael is a cultural planner and designer. He previously founded the cultural development office Base 15 Studio, working with UNESCO Creative Cities to establish masterplans for public programming and institutional growth.
Prior to Base 15 Studio, Michael was as a creator in the Artist Pension Trust (APT), a research fellow at Harvard College, and a resident entrepreneur at the Harvard Innovation Lab.
Cornell University ‘11 - BArch
Harvard University ‘15 - MDes: ADPD
Founder & Chief Creative Officer
Kirk is an architect and urban designer with a background in sustainable city planning and streetscape design.
Before practicing as an Urban Designer at Cooper Robertson, Kirk was awarded a Les Ateliers residency in India sponsored by the Euro-Asian Sustainable Towns Programme. Recently, he co-taught the Future City Detroit studio as an Adjunct Assistant Professor at Columbia University.
Cornell University ‘11 – BArch
Columbia University ‘14 – MsAUD
Chief Investment Officer
Piyush is the Founder of CoInvestment Partners (CoIP) a double-bottom line investor, focusing on opportunities that propel financial inclusiveness while delivering superior risk-adjusted returns. The firm invests in operating platforms and real estate properties.
Previously, he was the Head of Transactions and Asset Management for Mubadala. He spent nearly a decade at Prudential Global Investment Management between the Acquisitions Group and the Merchant Banking Group. Piyush has executed over $12 billion in transactions.
Founder & CCO of CultureWorks Commons Management
Thaddeus' practice is systems design in the emerging field of nonprofit resource sharing, focusing on the arts and heritage ecosystem. A former musician and curator, he finds the greatest happiness as a social worker for arts and heritage practitioners.
Jess is a co-founder of Codex Protocol, a decentralized asset registry for unique assets focused on art and collectibles. Prior to Codex, Jess wrote her M.A. thesis on the applications of blockchain for the art ecosystem at Sotheby's Institute of Art.
Co-Founder & CEO of Portion
Jason is an entrepreneur and software developer drawn by the disruptive potential of blockchain technology in 2011. Today, he is the CEO and Co-Founder at Portion, a decentralized exchange for art and collectibles.
Founder & CEO of the New Art Academy
Elena Zavelev is a contributor to Forbes magazine and the founder and CEO of New Art Academy, the authority on ArtTech, blockchain and AI for the global art market. Elena is a collector of crypto and digital art and loves discovering and supporting emerging new media artists.
Elliot Chun believes emerging technologies will challenge our known perspectives and will unleash humanity's potential, paving the way for impact investing and critical advancements to our environment and society. Elliot combines this passion with 18 years on Wall Street and Capital Markets.