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Austin kicks off SXSW by announcing crypto-friendly initiatives

(Pexels)

Heading into the start of SXSW, Mayor Steve Adler made a pitch for the city to become more crypto-friendly.


“In Austin we are thinking big and bold and want to live up to the moniker of being the city where good ideas go to become real,” Adler said.

Specifically, the city will look into the launch of an Austin-based crypto coin, which cities like Miami have, as well as a startup accelerator to encourage entrepreneurs with interest in Web3.

Later this month, city council will review two crypto-related resolutions. One calls for the city manager to investigate applications for crypto in the city such as ways to accept it as payment. Another encourages the city to become a leader in Web3 tech.

People in the local crypto scene celebrated the possibility of city leaders and other officials becoming more engaged.

Ryan McNutt, co-founder of local crypto group Sphere DAO referenced a gathering last month where crypto enthusiasts talked to politicians about their ideas and plans.

“I think the more we have those sessions, the better,” McNutt said. “I hadn’t heard this Mayor Adler thing, but I think that’s incredible. I would imagine more of that stuff will come down the pipeline, which is extremely exciting. It makes me feel really happy to live here.”

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1923 Lake Austin mansion demolition request pitting preservationists and some neighbors against owner and city preservation office
Austin Monitor

By Jonathan Lee

The Planning Commission was split Tuesday on whether to help save an eclectic lakefront estate from demolition by zoning it historic amid concerns over tax breaks and the likelihood that a previous owner participated in segregation as a business owner.

The property in question, known as the Delisle House, is located at 2002 Scenic Drive in Tarrytown. The main house, with Spanish and Modern influences, was built in 1923 by Raymond Delisle, an optician. A Gothic Revival accessory apartment was built in 1946. The current owner applied to demolish the structures in order to build a new home.'

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Freaky Floats and other Austin food & drink news
Austin Motel

What's new in Austin food & drink this week:

  • Nau's Enfield Drug closing after losing their lease. Did McGuire Moorman Lambert buy the building, with its vintage soda fountain?
  • Nixta Taqueria Chef Edgar Rico named to Time Magazine's Time 100 Next influencer list, after winning a James Beard Award earlier this year.
  • Question: From what BBQ joint did pescatarian Harry Styles order food this week?
  • Austin Motel is opening the pool and pool bar Wednesday nights in October for Freaky Floats.
  • Vincent's on the Lake closing due to "economic conditions and low water levels [at Lake Travis]."
  • Cenote has closed its Windsor Park location. The East Cesar Chavez location remains open.
  • The Steeping Room on N. Lamar has closed.
  • Local startup It's Skinnyscored new financing for its gluten-free pasta business.
  • P. Terry's opened a new location in Kyle, at 18940 IH-35.