A paradise island located in the Vanuatu archipelago in Oceania could become the exclusive abode of cryptocurrency enthusiasts.

This is Satoshi Island, named in honor of Satoshi Nakamoto, the creator of Bitcoin.

This haven of peace aims to become the “world capital of cryptocurrency”, explained the organizers of the project to the specialized media

Coin Telegraph

relayed by

BFMTV

.

“The island will be a year-round venue for events and accommodations for cryptocurrency-related projects, as well as being a home for those interested.

»

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Yes, we already own the island


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🏝️#satoshiisland a home for crypto enthusiasts & professionals worldwide!

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— Satoshi Island (@satoshiisland) January 27, 2022

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Title deeds issued in NFT

No physical currency will be used on Satoshi Island.

Only digital currencies will be accepted.

For example, the accommodation present on the island will be allocated via title deeds in NFT.

According to the organizers, 50,000 people have already applied to come and live on the island.

In order to reassure on the reliability of their project, the founders shared on Twitter an approving letter from the Prime Minister of the Republic of Vanuatu.

For the time being, no building has yet emerged from the ground.

According to

BFMTV

, the 50,000 candidates would have bought their ticket in NFT.

They will only be able to integrate the island in 2023, if the project continues.

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