The Vanuatu government has supported the idea of creating a crypto island or «how to sell an island that no one wants»

In early February, it was reported that British real estate specialist Anthony Welch, who owns the 300-hectare Lataro Island, decided to turn it into a global crypto capital.

Welch and his partner Teresa have been living on the island in the South Pacific for almost 12 years, but have recently been trying to sell it at a profit.

In 2017, they planned to turn the territory into a wildlife sanctuary to make a decent living protecting a rare species of crab, but no one was interested, so the couple decided to go the other way and came up with an unusual PR project.

What does Welch propose?

The island has indeed had minimal influence of civilization, but the ex-eco-activist decided to fix it by creating a real crypto-island. He hopes to persuade 21,000 cryptocurrency investors to move there and create an unregulated «crypto utopia.» According to Welch’s plan, 90% of the virgin rainforest will be transformed into a city filled with high-rise residential buildings and offices for crypto investors from around the world.

Doesn’t Welch’s behavior look like a wildlife advocate? By the way, the previous website with the environmental agenda was promptly removed as soon as the guys from The Guardian started asking uncomfortable questions. But we remember everything.

A failed marketer renamed the island in honor of Satoshi Nakamoto. Its public opening (apparently, it will be a red ribbon, since there is no talk of actual construction yet) is scheduled for the first quarter of 2023. «There will be no income taxes on the island,» Welch says confidently.

The possibility of obtaining «citizenship of Satoshi Island» in the form of NFT was also initiated. To do this, you only need to invest $ 130,000 in Vanuatu residency.

That is, instead of buying, say, a passport of St. Kitts and Nevis for the same money and carrying a passport like Durov’s in your pocket (which allows you to travel to 150 countries without a visa), the eco-advocate and crypto investor™ offers to pour money into a country that is not his, and in return receive a passport and an NFT token that is not his.

Slow-moving officials in Vanuatu probably understand what this whole crypto project smells like, but the desire to keep up with the guys from El Salvador, whom even the head of Binance flies to visit, has prevailed: the other day, the Prime Minister of the republic supported the idea of Satoshi Island. «The Government of Vanuatu welcomes the Satoshi Island project and its community,» the official letter reads.

There are more and more cunning and crazy people — we wrote about Russian MP Nilov, who also started having «crypto brain». Meanwhile, 50,000 people have applied for NFT citizenship on Satoshi Island… For dessert, you can watch a video where these poor people are promised a bright future.