Opening This Year! An Island Named After Bitcoin Developer Satoshi Nakamoto
In the ¡®tropical paradise¡¯ of Oceania¡¯s nation Vanuatu, there¡¯s a private island named after Bitcoin creator. It will soon open this year and aims to turn into world's crypto capital.
In the ¡®tropical paradise¡¯ of the continent Oceania¡¯s nation of Vanuatu, there¡¯s a private island named after Bitcoin creator, which aims to soon become world's crypto capital.
satoshi-island.com
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A group of blockchain enthusiasts are turning a 32-million square foot island into what they hope will soon be considered the ¡°crypto capital of the world.¡±, as per a report in NewYorkPost.
¡°After years of preparation, a green light from the Vanuatu Prime Minister and Minister Of Finance and all approvals in place, Satoshi Island is now ready to be developed into a real-world crypto economy and blockchain based democracy,¡± This is stated as a bio for the 800-acre portion of the island nation Vanuatu.
The island has been named after Satoshi Nakamoto, the pseudonymous developer of bitcoin. All exchanges made on the island will reportedly be done in Bitcoin.
A website for Satoshi Island details its futuristic housing stock and how it is being developed to become a sustainable, smart city built with the crypto community in mind every step of the way- All commerce on the island will be cryptocurrency-based, and all assets and rights will be made possible through NFT ownership.
As per TheSun, the island will ideally have some 21,000 permanent residents and is ¡°not a resort.¡± It may open to a small group as soon as later this year,
Satoshi Island is reportedly being ¡°created to be the first real world crypto economy, running exclusively on cryptocurrency and blockchain technologies.¡±
The Island
satoshi-island.com
Located in the ¡°tropical paradise¡± of Oceania¡¯s nation of Vanuatu, the private island is owned and operated by a company called Satoshi Island Limited. It is tucked between Fiji and Australia, and is accessible by direct flight from Australia, Asia and the West Coast of the US and Canada.
In a promotional video, the narrator details how anyone can own a piece of the island through the availability of an NFT collection made up of 2,100 uniquely identified blocks of land. Each of these blocks are large enough to build a home on, and holders of multiple blocks can combine adjoining NFTs to create larger blocks capable of accommodating expansive homes, commercial spaces or apartment complexes.
The promotional video states that the island ¡°will become the official home for cryptocurrency professionals and enthusiasts worldwide. A place to visit, work, and live in the first true society built around an entirely decentralized financial system and block chain based democracy.¡±
satoshi-island.com
The first stage of development has been completed, and visitors can expect to check in at ¡°traditional-style villas¡± before exploring the rest of the island, which will soon be full of futuristically styled, ¡°ultramodern smart homes and offices.¡± It is designed by the architectural firm Cybertecture, whose chief architect, James Law, can be seen explaining the idea in the promotional video.
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