A church organization in Colorado has tokenized a church valued at 2.5 million dollars

ChainCatcher news, according to Cointelegraph citing Forbes, an affiliated church organization named "Colorado Prayer House" has tokenized its main church in an attempt to purchase the $2.5 million building. The pastor leading the project, Blake Bush, stated that he is driven by a higher power, using blockchain technology as a tool to advance the organization's mission. Blake Bush's church and other church groups have been renting the building from its owner, a local businessman who owns a car dealership.

The 11,457 square foot building, known for its stone appearance as the "Old Stone Church," was purchased by the current owner in 2022 for $2.2 million.

It is reported that Blake Bush and the Colorado Prayer House organization intend to purchase the building for $2.5 million. Blake Bush said that after a spiritual experience, he came up with the idea of tokenizing the building—placing it on the blockchain as a digital asset that can be divided into shares.