According to PANews, a church organization named 'Colorado House of Prayer' has tokenized its main church building in an effort to purchase the $2.5 million property. The project is led by Pastor Blake Bush, who stated that he was inspired by a higher power to use blockchain technology as a tool to advance the organization's mission. The church, along with other religious groups, has been renting the building from its current owner, a local car dealership businessman.
The 11,457-square-foot building, known for its stone exterior and referred to as the 'Old Stone Church,' was purchased by the current owner in 2022 for $2.2 million. Blake Bush and the Colorado House of Prayer organization aim to buy the building for $2.5 million. Bush revealed that the idea to tokenize the building came to him during a spiritual experience, envisioning it as a digital asset that could be divided into shares and placed on the blockchain.