After two years preparing for launch, Satoshi Island, the crypto focused private island officially went public today. Satoshi Island Limited, which owns the entire 32 million sq. ft. South Pacific island, is approved to go forward with their plan to transform it into the cryptocurrency capital of the world. With favorable laws, support from the government and all the approvals necessary to embark on the development, the tropical island paradise is being designed with the crypto ethos in mind. Satoshi Island will become the first real-world crypto economy, decentralized democracy and also have real estate and licenses all represented by non-fungible tokens (NFTs).
“Living, working, and visiting Satoshi Island will be an experience like no other. The tech industry has Silicon Valley, the entertainment industry has Los Angeles and soon the crypto community will have its own mecca,” said James Law, principal of James Law Cybertecture and chief architect of Satoshi Island.
The first stage of development has already been completed. It includes traditional island-style villas which serve as a check-in area and a relaxation center where visitors can unwind before exploring the entirety of the island. The remainder of the island is being developed with ultra-modern modular homes and offices designed and built by James Law Cybertecture. The modular smart homes called “Satoshi Island Modules” are built offsite and are shipped to the island move-in-ready. With a current production ability of around 200 modules per month, coupled with the rapid installation process, Satoshi Island expects to welcome the first Satoshi Islanders by Q4 of 2022.