There’s a 32 million square-foot island located in Vanuatu called Satoshi Island that's being constructed into a crypto-centric residential community.
is also selling land in Vanuatu, as the region aims to develop “into a real-world crypto economy and blockchain based democracy.”
. Satoshi Island architects are leveraging a modular development that the website calls “sustainable smart building.” Module living units can be positioned any way the owner wants and they can be combined as well. Satoshi Island will be built with sustainability in mind as the island’s power systems will utilize renewable energy methods. So far, there’s been a lot of interest in the crypto-focused island, as reportsSatoshi Island Land Titles Will Be Minted in the Form of NFTs, Island’s Public Opening Estimated to Begin in Q1 2023
If they cannot [call a function in the smart contract], their beneficiary will be able to claim their NFTs to ensure the assets are not abandoned. In the event that no beneficiary is set, the NFTs will be subject to a decentralized redemption period of 12 months, where previous owners can retrieve their NFT if a mistake was made. Once lapsed, NFTs will be the responsibility of a DAO controlled by the Satoshi Island community.
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