A DAO that governs a real island

In Vanuatu (near Australia), there’s a real island unofficially called Satoshi Island. A team of crypto enthusiasts leased it for 75 years to build a crypto city governed by a DAO

The project aims to create a community where:

— “Citizenship” is issued as NFTs
— Land is represented by NFT plots
— All major decisions are made through DAO voting
— Infrastructure is partially ready: electricity, water, sewage

The governing body is a DAO registered in the Marshall Islands. It owns the company that holds the island lease

Satoshi Island is a private island officially known as Lataro. In 2022, the Prime Minister of Vanuatu expressed support for the project, citing its potential to attract investment and boost the local economy

The island’s economy revolves around the STC token — used for transactions and governance. The project has already launched NFT citizenships and land plots, with modular homes, digital passports, and decentralized governance next on the roadmap

A crypto state might sound like a meme — but the future seems to have arrived much faster than expected