 One visual asset news to get top stories in crypto and bring on a bite-sized pieces So today instead of time on the news I want to talk to you about one of the craziest most ambitious projects that I've ever seen to date and What this project actually does it allows us to to really just a dream about what could be possible and This project is called Satoshi Island and basically what it is is exactly what you see here They have bought an island in the South Pacific right outside of Australia and They are building the infrastructure to have blockchain and crypto enthusiasts move there and Instead of just talking about it. I'm just gonna play this video It's about two minutes long or so two and a half minutes long And it's gonna explain to you exactly what it is Then we'll we'll dig into the nitty gritty but before we get going just you know all the land plots are pretty much sold out and this is not something that I will personally be investing into or Doing much of anything with I just think it's a fascinating project about it Essentially what could be so just watch this welcome to Satoshi Island an 800-acre private island in development to become a sustainable smart city Created to be the first real-world crypto economy running exclusively on cryptocurrency and blockchain technologies The island seen here is located in the tropical paradise of Vanuatu in the South Pacific and is owned and operated by Satoshi Island limited Accessible by direct flight from Australia Asia and the West Coast of the US and Canada Satoshi Island will become the official home for cryptocurrency professionals and enthusiasts worldwide a place to visit work and live in the first true society built around an entirely decentralized financial system and blockchain based democracy The first stage of development is already completed and those arriving will be greeted by traditional style villas Which act as a check-in area and relaxation center where visitors can unwind before exploring the entirety of the island The remainder of the island is being developed with a different style of architecture through the introduction of ultra modern smart homes and offices The futuristic stylings are created to suit the tech savvy inhabitants We aim to attract and are designed and built by world-renowned architectural firm James Law cybertexture We have designed something special for the island and we call it the Satoshi Island module Shown here in renderings the Satoshi Island module. It's a self-sustaining building That can be positioned into many different designs to create hundreds of unique types of homes apartments amenities and offices Although the Satoshi Island module is futuristic in design It is by no means futuristic in feasibility as we've already built similar buildings in the past as seen here Are the modules we've provided to the Hong Kong government? Satoshi Island is truly a real-world use case for blockchain technology as a hundred percent of commerce on the island will be Cryptocurrency-based and all assets and rights will be made possible through the ownership of NFTs Anyone can own a piece of the island through the availability of an NFT collection made up of 2100 uniquely identified blocks of land Each of these blocks are large enough to build a home on and holders of multiple blocks can combine adjoining NFTs to create larger blocks capable of accommodating expansive homes commercial spaces or apartment complexes So yeah, that's essentially it in a nutshell and you would think that Something like me who you know me and the wife invest in the real estate properties. We'd be on this We'd really like to get into this but For us and our personal experiences We're gonna pass on this one because I'd like to invest in a real estate in the city that I live into And I have to have it, you know halfway across the world. This might be better for something else but just so you know Those plots of lands are gone NFTs are gone and there may be a sale later on but that's not what's happening here I just found it fascinating that this is actually happening and they're making this an actual reality So so there is that piece to the puzzle and then if we take a look at it Just so you know as far as like how this gets going because to create an entire island is No small feats. Let's just be honest. I mean the infrastructure electricity waste disposal governance everything else That's a pretty tall order to really get going and this is their their map of the roadmap how they see it So the land NFT deed sales done Q2 2022 citizenship NFT launch Q3 2022 NFT marketplace Q3 I guess you could sell and buy those things over there I will probably won't be doing that either Satoshi Island module manufacturing phase one So the ones that they talk about for James law and the cybertexture those still are getting completed and have an even delivered That's in Q3, which is coming up physical island development Q3 Satoshi Island module availability Q3 manufacturing phase two Construction private opening public opening and so on and so forth. I will just tell you this in my years of real estate Any any kind of developer that says it's gonna happen on this date Just tack on a lot more days or months to that But I mean to me it's a super ambitious project and I hope it actually works out So just as a little bit of a backdrop one of the things that makes me excited Is not is because of the people that are involved one of those is James law This is one of his his sites and companies home D And you can see a lot of those those box and pods that they were talking about in the Satoshi Island They've already done it and they've already done that for sustainability in different cities such as Hong Kong for small Urban areas and to cut down on the housing costs and availability. So I can see where it is also The architecture firm is no slouch. Here's the the tube the opod tube housing This is what they're talking about the box pod They've also created some pretty big industries or some big buildings like the pad in Dubai 26 story tall residential building They've also done close to us here in Texas the space port America right there in New Mexico And then they're a part of the hyperloop design development for the architecture of the hyperloop coin by Elon So all these things have been done and they've got a pretty good architecture. Now. It's just really about Getting the all the infrastructure in and for that question I'm gonna bring in Dennis track. He is the head of operations for all things on the ground and I just got to know how they're gonna do this. This is This will be interesting. So let's jump in. All right, buddy So as promised I tried to bring somebody who would actually make a little more sense of what's going on with this in my personal opinion Extremely ambitious project We've got Dennis here Dennis. He is a part of the infrastructure team like we just talked about so Dennis Thanks for coming on the show and answering some of these questions, which I can't figure out My pleasure. Yeah, perfect. So Dennis, let's just start with with the basic of basics Why why did you guys do this? Why did you bring together Satoshi Island? And what's the whole thinking behind it because to me it looks like a lot of work and a lot of time and commitment Absolutely. Well, thank you very much for having me of course And you know the first known the most important thing is it was important for us to be able to have A place of our own, you know, the crypto industry right now is spread all over the world And we don't have really have a apart from the conferences are some of the events that are run all over the world We don't really have a place where we can come together and be able to really experience and discuss crypto 24-7 Yeah, I can see that. Yeah, there's not there's nothing like that right now So this is pretty interesting, but again, it's it's a it's a very ambitious Would you leave me my next question? Is this sustainable? Let's talk about the nuts and the bolts because I mean to get everybody there We know that the land cell is over. It's all sold out, which is awesome. That's great Now the next phase is to go. Okay. Well, what about electricity waste food water governance natural disasters? Everything that you would have to have for an island to be to actually function and move forward How is this going to actually happen moving forward? Well, this is actually no longer pipe dream We've been working on this for over four years and of course all those things We already thought of and actually built. There are a sort of traditional style billers on the island I already exist about five of them, right, which actually already can accommodate people and Solar power, you know waste and electricity and internet All already have been created and what's going to happen is we're going to use the same system and scale them based on the requirement of the population I Gotcha, so it looks like you've got it at a at probably like a lower scale Then as people start to move in because it's not going to happen until what q4 2022 q1 2023 We expect we expect, you know to have some people coming in at the end of this year And of course next year maybe mid q2 We expect at least one area of the island to be completed For permit population to be able to come in and we've got you. Okay, so that'll be let me know my next one What are the challenges right now because like I think we just talked about it sounds good But the challenges actually make this an actual reality So I mean we're talking about renewables, you know, we're talking about, you know, wind and solar They were talking about waste waste disposal. Where does that go? Who does that the governance that's that themselves and the last question is who owns this island? Because I know we are in you know, we're right outside of out of Australia But who owns this island? Is it the people within it or is it the is it the government itself? right now So general generally in Vanuatu, which is where the private island is located the land belongs to the people So it is a leasehold this particular island is a 75 year leasehold. So the company owns the lease And what's going to happen is eventually down the track once we finalize all the development and really You know complete this foundation for the people, you know for the citizen NFT holders to be able to take over in the future To us, it's a positive thing the leasehold because that means that we will continue to support the local people And they will benefit not only from the employment opportunities that this project will provide for them But to continue to you know benefit from their own land We've you know as far as the development is concerned Crypto is the future in our opinion blockchain is the future technology. It's very innovative and Sustainability was almost a no-brainer This is why we partner up with this really cool guy called James law He is You know, he loves and thrives when it comes to building sustainable smart cities And he has built a bunch of them all over the world And when we reached out to them as a Satoshi Island team in the beginning he was stoked You know, it was always like a dream come true for him and this actually, you know Kind of you solves the issue of wait a minute. Like you said before it is an ambitious project, of course You know and such development might take up to ten years But this module architecture that James law has come up with is actually going to reduce our development hugely, you know to under three years and also, of course, like we discussed before it is a sustainable smart City where every single house and home is going to be run on solar power We're utilizing this really great local waste techniques Where waste is gets treated by a lot, you know by an organic bacteria and gets driven deep underground And almost becomes like a part of islands ecology, you know, of course, we're looking at all the recycled waste tactics and techniques and systems You know, I'm gonna have all the all the right place You know systems in place for for the residents for the citizens for the visitors to come Sustainable lifestyle No crazy again sounds sounds like a a lot of thought went into it Now it's all about execution and I'll be the last question then so we talked about the challenges and there's plenty of those come Moving forward. Thankfully everything moves in stages and you can kind of grow as people get in there What's the best possible outcome here for Satoshi Island? Where do you guys see yourself in you know two years one year two years five years ten years? Apart from the fact that we're gonna have this crypto utopia this hub this city where you can come and you know You'll be able to sit down at a cafe and have an espresso and be able to talk to the individual next door about cryptocurrency blockchain technology innovation within our space Our big ambition for this is to be a blueprint for how future society cities Can be built utilizing the community Utilizing a true Blockchain democracy and of course futuristic sustainability, you know We all know very well that we need to look after our planet and we hope you know bringing all this High-tech individuals into this one place You know and having this element of freedom to innovate and design and you know invent We're gonna really have people on the islands who are you know ambitious enough themselves to create great things for the world in the future Well my man I tip my I tip my hat to you and the crew to get this done because I think it is it is a step in the right direction It's just a monumental task to get it going So what I'm gonna ask you is as time goes on because you know lands already sold out and everything else as time moves on Just come back to the show and just give us an update about how things are going over there And then we'll talk. I think that would be great I think it's definitely a good idea to see you know to see the outcome. We are we are very positive Like I said, you know, like it is an ambitious product like you said it is an ambitious project Hey, you've got a shoot for the moon, right? And you know all the hard parts as far as you know getting the approvals is concerned as far as getting You know like it's not easy Especially now space to come up with something like this and everyone's gonna go let's do it You know, there was a lot of work involved to make sure that it is not just a fine dream So I'm looking forward to coming back and showing you the updates and maybe even one day bringing you on to the island and doing an interview there Yeah, sounds like a plan. Well, I already got I already got my my Tropic Island, Puerto Rico I'm good there, but I think there's always a little bit different for travel for my wife a little bit Dennis thanks again man for coming on. All right everybody. Let's jump back. All right So that's it so I want to say thanks Dennis again for coming on and talking to us about this This is a this isn't a one and done type of video I'd like to see where this thing goes and it's really is like you talked about it's it's a blueprint for the future to see this Actually can actually work out you can build you can build a location a society on blockchain technology and and go from there, so I Best of luck to him. We'll see how it works anyhow like today's video I'll give it a thumbs up also consider subscribing a lot of things we talked about this channel our time sensitive That's it for today. So thanks so much for stopping by appreciate it. I'll see you on the next one