Satoshi Island Crypto Paradise for Digital Nomads
Matt Williams Last updated: 
Made for the crypto community and digital nomads interested in investing and trading, Satoshi island is the crypto capital of the world.
It’s an island paradise in Vanuatu, an archipelago of 83 small islands of volcanic origin in the South Pacific, 65 of which are inhabited. It’s around 1090 miles East of Australia, and 500 miles West of Fiji.
Vanuatu is a member of the United Nations and Commonwealth and is crypto-friendly, supporting innovation in cryptocurrency. It’s also recognised as one of the most culturally diverse countries in the world.
Satoshi Island
As the Satoshi Island website states the size of the island is 32 million square feet (around 1.15 square miles). Land rights in the ‘sustainable smart city‘ will be minted in the form of NFTs (non-fungible tokens). According to Bitcoin.com over 50,000 crypto enthusiasts have applied to live on the island.
The crypto island aims to be a real-world crypto economy and blockchain based democracy. The parent company Satoshi Island Holdings Limited say that they been given the green light by the nation’s PM and Minister of Finance.
Manufacturing of the Island modules for residents, according to the roadmap, is set for Q2 2022, due to be delivered in Q3. Owners of land NFTs will soon be able to begin buying modules and designing their homes, starting from $ 60k.
The public opening is scheduled for Q1 2023, and will host blockchain events and company retreats for start ups in the crypto industry, complete with offices and co-working spaces.
Not everyone is that bullish on the project however.
An article in Cyens.org calls Satoshi Island a ‘highly innovative ponzi scheme‘, and points out it isn’t the first attempt to create a libertarian utopia on an island. It notes ‘Cryptoland‘ was the first physical crypto island, start-up village and blockchain hub.
Progress on that project has been slow, and they predict the same for Satoshi Island as not much infrastructure in place. It goes on to say the promised ‘modular development city building‘ amounts to just ‘shipping containers with panoramic windows‘, and the PR campaign is ‘built mostly on FOMO and hot air, the Bored Apes Yacht Club in real life‘.
A disclaimer in the citizenship section of the Satoshi Island site warns that owning one of their NFTs has no relation to citizenship in Vanuatu.
Watch our video & see how we’re turning a dream into reality!
Yes, we already own the island
Yes, we can develop as advertised
Yes, the government supports our plan
Yes, our team has relevant expertise?#satoshiisland a home for crypto enthusiasts & professionals worldwide! pic.twitter.com/1O05kmfrN1
— Satoshi Island (@satoshiisland) January 27, 2022
The official Satoshi Island Twitter made the above post seemingly meant to dispel some of the FUD.
We’ll be following this crypto island project closely.
With Bitcoin breaking out and pumping back to $ 48k this week, it doesn’t look like cryptocurrency is going away any time soon.
Cryptoassets are a highly volatile unregulated investment product.
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