The Central African Republic is set to tokenize over 1,700 hectares of land using its national meme coin, $CAR. President Faustin-Archange Touadéra announced the move, stating that starting June, land concessions can be accessed online using $CAR on Solana. This initiative aims to bring transparency and accessibility to land ownership. The country's mining code and laws related to tokenizing natural resources suggest that the land may be utilized for mining activities. $CAR, which saw a significant price increase recently, has a current market cap of $56.63 million and over 18,400 holders. Despite a previous decline in value, President Touadéra continues to promote the coin. This new land tokenization effort follows the discontinuation of CAR's earlier crypto project, Sango Coin, which faced challenges and is now being reevaluated for a potential relaunch. Read more AI-generated news on: https://app.chaingpt.org/news