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Wednesday, November 26, 2025

CityLab Daily: A Retail Entrepreneur Bets on Blockchain and Discord - Bloomberg

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At least eight people are dead and six are missing in Seoul, following one of the city’s heaviest rainstorms in 80 years. Up to 5.5 inches of precipitation fell in just one hour, causing severe flooding and blackouts. More rain is expected in the region through Thursday.
A different kind of store
There’s a new shop coming to San Francisco’s Hayes Valley, but it’s not your traditional brick-and-mortar establishment. The DeStore “STORE_0” will be collectively owned and operated by members of a so-called decentralized autonomous organization. That is, anyone will be able to buy a blockchain-based crypto token that represents ownership in the store, and vote on what it buys and sells. The greater the value of the token, the greater the owner’s voting power.
Co-founder and CEO Itsuki Daito sees the store as a way to not only revive retail post-pandemic, but also to create a community space, where owners — half of whom will be locals and the other half from around the world —...



Read Full Story: https://www.bloomberg.com/news/newsletters/2022-08-09/citylab-daily-a-retail-...

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