Satoshi Island: Citizenship NFTs are Being Flipped on Secondary NFT Markets
Satoshi Island could soon be a functioning community, thanks to NFTs currently being minted. NFT citizenships are already being bought and sold on secondary NFT marketplaces. And they definitely have some interesting benefits. Property developer Anthony Welch and his partner, Theresa, have lived on a 300-hectare island home for the past ten years.
Currently called Lataro Island, it is being transformed into Satoshi Island. While it is mostly virgin rainforest, the plan is to make it into a sustainable smart city, with apartments and offices. Welch told international media that they are trying to build a genuine community. “We’re not trying to develop and make a profit.”.Welch said that his business partners saw his island advertised for sale. He then withdrew it from the market to collaborate with his new partners.
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