A self-declared “crypto paradise” is coming to a remote island nation in the South Pacific featuring designs from Hong Kong-based firm James Law Cybertecture for what is billed by developers to be the world’s first blockchain-based democracy.

Located in Vanuatu, the 800-acre private island is named after Bitcoin inventor Satoshi Nakamoto and will be subdivided into seven separate “NFT zones” and 21,000 individual parcels that can be purchased exclusively as NFTs. The Satoshi Island development will feature a range of sustainability measures like solar panels and a specialized waste management system that combine with a goal of 100% self-generated power in a move away from the energy-intensive mining process involved in crypto.

Residential structures on the island come in a vaguely Midcentury modular prefabricated form designed by Law to allow for a flexible, user-created design starting at $60,000 — a little more than 1 BTC per unit.  Each will be assembled off-site before being transported to the island.

A promotional video for the development claims the homes will be ready for the initial wave of “short-stay visitors” beginning as early as the third quarter of this year, with holders of “Citizenship NFTs” (of which 5,620 will be given free to qualifying OpenSea users). 

Passport applicants with a magic number of 21,000 Twitter followers will automatically receive “citizenship” in an attempt to boost interest and co-ownership in Satoshi Island. Permanent inhabitants can reportedly start to move in at the start of next year.

The ambitious attempt to lure a new class of crypto-rich homesteaders now joins the ZHA-backed Liberland development and El Salvador’s Grecian-inspired Bitcoin City on a list of Web3 schemes that promise a real-world ROI to the growing market of digital nomads.