A cryptocurrency millionaire is buying up land in Nevada's desert to build a utopian village run on Ethereum - here are the design plans

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Renderings of the city show a city split in two parts: a residential area and campus for researching emerging technologies, shown here.

Renderings of the city show a city split in two parts: a residential area and campus for researching emerging technologies, shown here.

The business side of the city will feature "a highly secured, high-tech Blockchains Campus that joins blockchain technology with artificial intelligence (AI), 3D printing and nanotechnology," according to the website for the city's architects.

Berns told the NYT he also plans to build a university here.

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The research campus will include "workplace/manufacturing hybrids" to encourage innovation and collaboration.

The research campus will include "workplace/manufacturing hybrids" to encourage innovation and collaboration.

The commercial side of the city is focused on encouraging technologically forward ideas and development. One of the design firms, Ehrlich Yanai Rhee Chaney Architects, says on its website that these research building would serve as places "where inventions are prototyped and where they are conceived."

The architecture is designed to encourage collaboration and creativity, with communal civic areas and large courtyards.

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The tech campus will also feature an esports arena.

The tech campus will also feature an esports arena.

There's not many details available about the esports tournament arena. But the rise of competitive video gaming and its growing market indicates that esports is the future, which is right in line with Innovation Park's vision of a tech-forward community.

The other side of Innovation Park will be a residential smart city with homes and schools.

The other side of Innovation Park will be a residential smart city with homes and schools.

The residential area of the city is being designed to serve as home for thousands. The city will have self-driving electric cars, and the NYT reports that plans include a drone delivery system.

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The residential area is designed to emphasize a sense of community, according to the architectural firms.

The residential area is designed to emphasize a sense of community, according to the architectural firms.

Besides running on blockchain, the city will also run on renewable energy sources. The residential area will be community-oriented and human-centric in design.

"Civic centers, schools, and commercial areas are woven throughout, creating density, walkability and above all, community," according to the architects' site.

Berns detailed his plans for the city in a keynote speech earlier this month at a Blockchains event in Prague. You can view his complete presentation below:

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