It is no exaggeration to crown Satoshi Island as the first destination that is 100% reliant on crypto technology.
El Salvador is not on par with Satoshi Island even though the country already recognizes Bitcoin (BTC) as a legal currency.
What happen?
For information, Satoshi Island is a private island operated by Denys Troyak, James Law, Taras Filatov, and Benjamin Nero.
The island is introduced to several missions:
Hosts several crypto related events throughout the year
Making the island a space for crypto enthusiasts around the world to gather
Establish an island that seeks to operate as a decentralized autonomous organization (DAO)
Some simple facts you might want to know:
Satoshi Island was first planned since 2017 before setting the island in line with their vision
The project is supported by the Vanuatu government and does not involve promotion from influencers
So far Satoshi Island has received 50,000 NFT visa applications (yep, NFTkan visas)
NFT visa application is free of charge, subject to terms and conditions
Every house on the island is NFT or known as ‘Satoshi Island Land NFT’ and can be traded
The visa also serves as a whitelist of NFT Land’s sale participation in Satoshi Island, along with other benefits
For those who are comfortable with conventional ownership, can convert digital ownership to physical documents in Vanuatu
Possession of this NFT visa also does not mean that a person has Vanuatu citizenship, only citizenship of the island only.
The establishment of the island uses renewable source technology - solar energy.
It has yet to focus on crypto mining because sustainability is a priority.
The population is limited to 21,000 investors or interested residents
It is understood that those who have already bought NFT Land can start settling on Satoshi Island as early as 2023.
Living on this island means it’s all based on crypto technology. Powerr!
