Blockchain-enthused entrepreneurs have been attempting to create ideal communities for several years, yet many of these projects have faced numerous challenges.
Failures and Unrealistic Expectations
Since the rise of blockchain, numerous initiatives aimed at creating perfect cities based on this technology have emerged. However, most have failed to materialize. A primary reason is a lack of real funding and a misunderstanding of regulatory frameworks.
Trump’s Case and His Plans for Gaza
In August 2025, the Trump administration unveiled a plan for creating a 'Trump Tourist Riviera' in Gaza, involving the use of tokens for funding and property investment. However, many experts criticized the plans as possibly concealing geopolitical agendas.
Experience from Successful Projects
Despite the failures, some projects have managed to progress. For instance, the micronation Liberland, created on unclaimed land, established ownership and issued its own cryptocurrency. Liberstad in Norway also demonstrated an example of a small but thriving community.
Blockchain cities face significant challenges, with most failing to realize their visions. However, successful models indicate that with the right approach, workable communities can be established.
