In a world where digital communities are starting to influence the real world, the challenge of buying and managing real world assets (RWAs) is becoming more important. This white paper examines how these emerging digital communities, or network states, can handle RWAs without having to rely on traditionally centralized third-party custodians.
Enter Theopetra: a system that uses a truly decentralized approach, via a network of verified individuals called citizens. Theopetra not only makes it easier for communities to obtain the real estate they need, but it also does so while maintaining web3's value of trustlessness.
The introduction of Bitcoin heralded a new era in human organization, extending beyond traditional nation-state boundaries and into digital realms. This evolution suggests a move towards tangible, physical domains, reshaping resource control and societal structures.
In this context, Theopetra is developing a Network State where only citizens collectively & equally own both the financial infrastructure of a nation and the real estate it encompasses. This model fosters decentralization and predictability, elements currently lacking in the Web3 sphere.
A crucial aspect of Theopetra's design is the involvement of verified individual citizens and real-world assets. The objective is to create a self-sustaining currency based on residential real estate, while ensuring equal ownership among all citizens. This system is designed to prevent any single individual or corporation from dominating the currency or real estate sectors.
Moreover, the organizational structure of Theopetra, particularly the mechanisms for amending its by-laws or on-chain system, is intentionally designed to be prohibitively costly, difficult, or in some cases, impossible to change. This rigidity serves as a safeguard against arbitrary or rapid alterations, ensuring stability and predictability within the Network State. At 500 citizens, governance and ownership of the entire system fully transfers to the citizens of the Network State.
As Theopetra grows past 500 citizens, its decentralized nature is expected to intensify. The expansion in size of its citizenry contributes to a broader distribution of control and decision-making power, aligning with the principles of decentralization that underpin the Network State's philosophy. This growth trajectory aims to reinforce a system where power is not concentrated but shared among its members, fostering a more democratic and equitable community.