Satoshi Island Limited is a startup with the commitment to build the crypto capital of the world as a smart city in Vanuatu. Recently, this startup has announced it has secured approval from the Prime Minister of Vanuatu for this project.
This startup also revealed that the project is on the earlier approval to build the city on a private island of 32 million square feet. This city will be owned by Satoshi Island and they get it from the Finance Ministry last year. Moreover, the Prime Minister’s endorsement shows the national identity. They have the vision for the future with Bitcoin being a prominent part.
The proposed Satoshi Island project has tapped the services of the architectural firm,
James Law Cybertecture to help in the island’s design, master planning, and development process. Moreover, the building units, as showcased on the project’s website, show a unit of solar-powered Satoshi Island module. They have made this city to soothe the climate and beauty that Vanuatu Island exudes.
As Per the endorsement from the Prime Minister, there is an expectation that the project after completion will add economic value to the local people and business. This can be a much-needed respite following the pangs of the COVID-19 pandemic.
Moreover, this Satoshi Island project will welcome transactions solely in Bitcoin (BTC) and altcoins. People can access the Island by holding a Satoshi Island Non-Fungible Token (NFT). Besides the Satoshi Island NFT airdrop slated for this first quarter, the project timeline details series of mints. This series basically encompasses a total of 7 categories.
Satoshi Island Development
While the physical island development will commence in the second quarter of the year, the island will be opened for temporary visitation by Citenzenship NFT holders. It is in the fourth quarter, with colonization built from that point onward.
While Satoshi Island seems to be making headway in its ambition when other related projects, including Akon City, are not making many strides at the moment, the world is also expecting the build-out of the Bitcoin City by the government of El Salvador, which is now very bullish on the premier digital currency.
