- We have faced challenges designing a land-backed web3 token without quickly slipping into the complex realm of US securities law. From this deep inquiry we have decided to adjust course for the time being, and wait to explore tokenization at at a later time.

Updates:

- We designed and are officially launching our [brand new community space](https://community.recommon.land/) to coincide with GG20! Join today to connect with others in your bioregion and across the world to start dreaming up and joining forces on exciting regenerative place-based initiatives.
- We’ve been deepening relationships with aligned capital parters and impact investors to structure the ReCommon Trust, a fund to acquire land for regenerative community development and bioregional governance.
- We’ve also been in discussion and planning with strategic partners for the first large-scale bioregional regenerative community development initiative to begin.
- A talented GIS student from University of Colorado Denver joined ReCommon as bioregional mapping summer intern to assist with building the mapping component of the ReCommon Platform.
- We are in the process of forming two new entities - ReCommon Labs and ReCommon Trust - to focus specifically on technology and land investment/acquisition, respectively. ReCommon Foundation, our current 501c3 nonprofit, will continue to focus on governance.