Satoshi Island: The Crypto Land Experiment— #12
What’s your idea of utopia? An expanse private island, with a close-knit community, constructed around the concept of crypto? Fingers crossed, Satoshi Island could bring this idea to reality.
Snapping back to reality, greetings from Art Haus! This week, Satoshi Island’s PR team has announced a deeper look into what their private island can offer… and the proposal looks really well thought out. We’ll be covering all about Satoshi Island in a few, so for now…
let’s cover some news from the Haus!
Updates From The Haus
Last week on Art Haus WKLY, we hinted at huge developments to come. This week, we delivered.
This Gnarsday (Thursday is Gnarsday), we launched a Nouns DAO proposal titled, “Gnars x Nouns Athletes”.
By allowing the Gnars DAO (soon to be established) to steward the development of Nouns Athletes, we can increase support for extreme sports athletes, expand our Nouns Athletes theme, and take Gnars & Nouns DAO to the next level.
That is, of course, subject to approval from the Nouns community. Can we see 69ETH to kickstart the Gnars DAO treasury?
On a side note, Gami also reached out to the CC0 fam… what are some of your favorite CC0 NFTs?
I took the opportunity to do a write-up on some of these projects, perhaps you’ll see one of yours along the way! (That’s the beauty of NFTs in the public domain, no copyright!)
As you may have noticed, we at Art Haus are starting to delve deeper into the idea of creative commons, and NFTs in the public domain. Hope you’re a supporter of the movement too… much more content related to CC0 NFTs in time to come!
Finally, we’d just like to re-iterate, the team isn’t sleeping on Gnars! We have big plans for Gnars (DAO soon?!), and don’t forget that MMO Gnarnia that is definitely a big upgrade from Grinderz. Stay tuned for more updates by following our Twitter, and you’ll be the first to know when something huge drops in. Until then, stay Gnarly!
News Of The Week: Satoshi Island
Satoshi Island - The land of crypto and NFTs, we web3 have always dreamed of that utopia, right? While the idea of Satoshi Island has been brewing for a pretty long time, they have recently topped the popularity charts again.
Perhaps, because they’re now accepting early supporters of the project?
But as always, the pragmatic side of me starts to wonder: Is this crypto island just going to be another flop? Could Satoshi Island just be another “Blockchain Island” of Malta or CryptoLand’s Nananu-i-cake, both failures in the end? Perhaps… or maybe, third time’s the charm.
What Is Satoshi Island?
Unlike Bitcoin El Salvador or blockchain agency’s failed ventures in Malta, Satoshi Island is different. How? It’s building an island around the concept of crypto, not the other way around.
As a 32 million square foot private island situated in the province of Vanuatu, Satoshi Island hopes to house 21,000 people on its land. The project has been a work in progress since 2017, and they’re confident of opening the island to the public by early 2023.
This idealistic utopia is a place where crypto agencies, event organizers, and individuals can thrive in a like-minded community. With all residents of the island being involved, in one way or another, with crypto, NFTs, blockchain, the metaverse, Satoshi Island would be the physical HQ of web3.
What’s In Store For Satoshi Island?
Luckily, we’re early.
We’re still in the first stage of Satoshi Island land developments, and it starts off with an NFT airdrop! To participate, you’ll need to meet certain criteria set by the Satoshi Island team, including a follow to their Twitter, having a certain number of followers, and trading at least one NFT on OpenSea in the past few months. More details on the application process here.
This will be followed by a Land NFT mint, comprising a total of 7 collections (different areas on the island, of course). A marketplace to trade these land NFTs will be implemented around Q2 2022 as well.
In the meantime, the development of Satoshi Island will already be underway. Owners of Land NFTs will also be busy designing their own modules (houses), for these built-to-order units to be sent to the island.
By Q4 2022, private viewing of the island would open, and the public would get to lay their eyes on this by Q1 2023!
What Makes Satoshi Island Different?
In my opinion, two key factors set Satoshi Island apart from the rest, giving them a leg up on the road to success.
First would surely be their organizational structure so far. A roadmap has been developed, the expert team established, visions in line, and IRL recon of the island completed. It’s not just promises in the air… the team has DTOR (done their own research).
While the team is experienced in their own rights, I truly appreciate their receptiveness in engaging experts in other fields to help build this dream, for example architecture firm James Law Cybertecture and PR agency Bospar. Professionals in the right fields are key, especially when it comes to making and shaping an island.
The next factor would be government support of the project. While we love talking about decentralization and how it enables power to the people, there’s no denying the power of the government when it comes to IRL matters.
Hence, it was great news for Satoshi Island when they received endorsement from the Prime Minister of Vanuatu, taking all the support they get!
In all, it’s starting to look good for Satoshi Island… maybe it’s time I focused on my presence on social media, that’s one of the application criteria after all!
It seems that the iconic magazine Time has dubbed the co-founder of Ethereum, Vitalik Buterin, as the “Prince of Crypto”. Well, this will be Time magazine’s first fully-digital issue, as an NFT. The magazine was released on 23 March 2022.
Do read on for more on Time’s venture into the world of NFTs!
While countries such as El Salvador move towards greater receptiveness and adoption of digital assets, others like China are cracking down on this “speculative” industry. Lying in the crosshairs are NFTs, which the Chinese government and now big businesses like Tencent’s WeChat, are tightening their grip on.
Read on for the full story.
The WAC Fellowship Program, jointly created by We Are Museums and TZ Connect, aims to bring digital and blockchain art to traditional art institutions and museums. The program has a few milestones to cover, such as using the power of web3 to do good and how web3 can boost the culture sector financially.
More details are in the article below.
Floyd Mayweather, a former professional boxer and athlete, is coming up with his latest brand, the “Mayweverse” metaverse. There will also be a 5000-strong NFT collection, perhaps, with utility in the Mayweverse.
One thing to note would be Floyd’s dark history of promoting crypto and NFT scams, rugging his followers of millions of dollars. More information on Mayweather’s latest venture in the article below.
It is said that hiding behind the screen is easy. Well, not for the founders of a recent NFT rug pull, Ethan Nguyen and Andre Llacuna. Authorities in the U.S. have apparently caught the duo who scammed over $1 million in ETH, and were about to take another $1.5 million from another NFT project they were working on.
More details on the Frostie NFT rug pull in the piece below.
Decentraland is the leading metaverse (by market cap) in the web3 world. Over the past few years, it has seen phenomenal growth, both in terms of inflow of capital as well as the adoption of its metaverse.
The article below sums up the 2021 Decentraland annual report, covering important details such as Land sales, transactions made, and average parcel prices. Will be a great read if looking through the entire report is too much of a hassle!
Coinbase, a centralized crypto exchange popular among beginners, will be changing its services, affecting customers in Canada, Japan, and Singapore. They have cited reasons for compliance with local regulations thus justifying this change of service.
The full article provides more information on the exact changes imposed by Coinbase.
Coinbase Makes Changes to Services in Canada, Japan, Singapore to Comply With Local Crypto Regulations
Art Haus Blog Releases
This week, we’ve had two blog releases, hope you appreciate the extra reading material!
For the first article crafted by Scott, we explore “subculture” in the NFT space.
In the article, the unfolding story of Bill (M)urray’s NFT collection makes me wonder too, “Do normies really understand the point of NFTs? Is it okay to hop on the NFT hype train… for the sake of FOMO?”.
This short piece will stir your thoughts, hopefully. Bullish on the Urray collection?
I also wrote a pretty long article this week, focusing on CC0 projects in the NFT space.
Just a short while back, we explored the Nounish ecosystem, or derivatives of Nouns which were all CC0 NFT projects. In this piece, we ventured outside of Nouns (more, not totally), and found other top-tier collections which were also under the creative commons license.
It just goes to show how so many NFT collections are entering the public domain, it’s crazy. Just to think that each of these could have an ecosystem like that of Nouns, makes my mind blown.
Do give the article a read if you’d like to find out about these CC0 NFT projects!
Podcasts: Worth A Listen
In this episode of the Zima Red podcast, Cagyjan joins the chat. Cagy is a social media influencer and YouTuber, most famously known for playing web3 and blockchain games.
They discuss Cagy’s break in the content creation and “metaverse gaming” spaces, with Cagy sharing loads of “alpha” along the way. The all-around fun conversation also turns to Cagy’s current endeavors (hint hint; his ongoing NFT rev-share project), no wonder the episode lasted a good 80 minutes!
If you’re looking for an authentic conversation about gaming in web3, this one is a good listen for you!
In this episode on the PROOF podcast, Kevin is joined by Nexo co-founder Antoni Trenchev, talking about the operations of the company. Nexo is a centralized crypto lending platform, earning high yields for its clients; should you choose to take the risk of putting your trust in Nexo.
This informative episode dives deeper into how Nexo can earn high APYs for their customers through their lending protocol, use cases of Nexo’s native token, and how they are reacting to regulation in the crypto industry.
A segment on making the most use of your “HODL NFTs” is also included. All in all, an insightful podcast episode, definitely worth a listen for those who wish to make the most out of their crypto!
In this new episode by the Delphi Podcast (new interface btw!), they are joined by the co-founders of Agora Spaces, Reka and Raz. Agora is a Studio DAO building solutions with DeFi tools, already working on DeFi social media and DAO standards (check their Twitter).
In this episode, the co-founders share more about Agora and Guild, how they bridge the web2 and web3 spaces, as well as why tooling for DAOs is their mission.
They also discuss the importance of a community in DAO building, what can be added to web3, and the future of their product. At the end of the day, we are still early and WAGMI? Do listen in on this sharing by Agora founders!
That’s the end of this week’s unit! Hope you enjoyed the read, especially the part on Satoshi Island, I’m starting to get excited about the prospect of a crypto-centric utopia.
In any case, I better start building up my social media presence now… until next time!
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