One of the lesser-known items in the provincial budget announced in March is a new source of revenue for the province: Quebec plans to sell non-fungible tokens for all 243,837 named cities, lakes, roads, parks, rivers, bridges and other places tracked by the toponymy commission.
Details are still to be worked out. Quebec plans to sell the NFTs on the Ethereum blockchain, and hold a public auction for the sales starting in a few months. But no estimate has been made on potential sale prices or the potential windfall for the government.
Quebec’s digital and cybersecurity department stresses that the NFTs are symbolic and that owning the NFT for say, the city of Laval does not confer ownership of that city.
Among the NFTs expected to fetch the highest prices are large cities like Montreal and Quebec City, geologic features like the St. Lawrence River and Île-d’Orléans, and for-the-lulz places like Saint-Louis-du-Ha!-Ha!