American cryptocurrency company Blockchains LLC has selected Ehrlich Yanai Rhee Chaney Architects (EYRC) and Tom Wiscombe Architecture to design a futuristic city on the outskirts of Reno in Nevada, US.

The brainchild of lawyer and Blockchains CEO Jeffrey Berns, Innovation Park – the new Fintech community – will occupy 67,000 acres of land and feature a number of residential units, offices spaces, commercial facilities, and recreational squares.

According to Blockchains, the utopia-like environment – which some have likened to Walt Disney’s Space-Age 'Community of Tomorrow' will utilise and be powered by various disruptive technologies and inventions, such as autonomous vehicles, nanorobotics, solar and wind engines, and 3-D printers.

In a statement, the company outlined its hope that the megalopolis would become an incubator for "paradigm-shifting technology". In doing so, it would be able to "effectuate great change" on a global scale.

At the Blockchains launch on 1 November in Prague, Berns described the city as a place where self-reliance would reign supreme.

"Imagine a world," he explained, "where people can collaborate from anywhere they are, establish rules for their collaboration, exchange value, and have it all enforced by blockchain.

"The stuff that is being developed right now is going to change every facet of our life."

The project has received initial praise from Nevada’s mayor, Brian Sandoval, but building plans have not yet been confirmed.