In the realm of urban development, Calacanis put forth an idea to build ten new cities in the United States, each comprising a million housing units. The primary objective behind this ambitious plan is to revolutionize urban living by prioritizing sustainability and affordability. Taking the discussion to the next level, Cuban introduced the concept of utilizing blockchain technology, specifically emphasizing its potential in automating and securing real estate transactions and project management. The billionaire’s proposal entails the establishment of a smart contract on a zero-knowledge layer-2 blockchain platform. This contract would effectively verify the issuance of construction permits through automated means.
After verification, an NFT will be created and sent, which will release $250,000 in USDC upon an oracle confirming the completion of a housing unit. The smart contract will keep track of new construction permits and generate a new NFT for each additional housing unit constructed. To ensure security and mutual protection for both parties involved in the transaction, Cuban recommends using a multi-signature wallet. Despite some skepticism from users about the need for a ZK rollup, Cuban emphasized the simplicity and security benefits of using a multi-signature wallet for managing project funds. However, Calacanis suggested using a more traditional trust-based method for transferring funds.
