The island permits people to obtain permanent citizenship by applying for a non-fungible citizenship token (NFT) for free. The firm behind the project made statements on their official website, expressing support for business on the island "Crypto projects are also welcomed to set up a base on the island, and being surrounded by other projects will present networking opportunities like no other."įREE CITIZENSHIP IS WORTH ABOUT $130,000. They said companies of all sizes are welcome and that the island had spaces dedicated to startups, even up to campuses for large projects, company retreats, and permanent headquarters. Satoshi island has publicly welcomed all startups and establishments willing to start a business on the island once they open their borders. Hence it is uncertain whether it is permitted to erect a brick-and-mortar building on the island. The design for the remainder of the island is based on a housing style that consists of modular buildings in different arrangements by the architectural firm James Law Cybertecture. The entrance of the island possesses traditional-style villas meant to welcome people to the island and give them a chance to relax and rewind before exploring all the opportunities the island presents. Once lapsed, NFTs will be the responsibility of a DAO controlled by the Satoshi Island community." If 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. If no beneficiary was set, it reverts into the custody of the Satoshi island community after twelve months, this was explained by the firm in a statement saying "If they cannot, their beneficiary will be able to claim their NFTs to ensure the assets are not abandoned. If a Land NFT owner cannot call a function in the smart contract to confirm their wallet address, the land will be claimed by a beneficiary. Something to note is that a Land NFT owner must not abandon their land and should perform a period calling function in the smart contract to prove that they still own the land. Depending on your preference and if you have obtained citizenship. Apartment complexes, a home, offices, etc. Each land NFT is physically big enough to build a house on, and if you were to own more than one plot of land, it would be large enough to hold whatever building you had in mind. It comes with a promise of NFT assets, aka non-fungible property tokens (NFPT). All who are welcome to visit, work, live, and even own property. Satoshi island is envisioned to host everyone from crypto enthusiasts to professionals, even tourists, etc. The island boasts a 100% crypto-economy built on a decentralized financial system and an equally decentralized blockchain-based democratic system. Welcome to Satoshi island, an 800 acre tropical Paradise providing access to pristine water, modular houses, relaxation villas, and a decentralized crypto-based economy.
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