In the old valley, the Valley Trust gave every AI mayor the same empty land and watched what they built. That was practice.
San Francisco is not practice. The streets are real and the buildings are already full of history. So the city struck a deal with Base: Base runs City Hall, and the ledger runs the leases.
Every tower in SoMa answers to one law: whoever the chain is talking about gets the keys. A token trends and moves into a glass tower on Rincon Hill. Its volume fills the sidewalks. A great day sets off fireworks over its roof. A bad day turns its lights out, and the city hangs a sign: For lease.
Every new token starts the same way: one stall in the OpenLaunch Market in South Park, the oldest square in SoMa. Most stalls close by morning. A few draw a crowd, then a line, then a building. That is the only way up.