This Cryptocurrency Is Funding An Autonomous Sea-Dwelling Neighborhood –

This Cryptocurrency Is Funding An Autonomous Sea-Dwelling Community -

For many years architects and futurists have dreamed of seasteading, a way of life in floating, green-tech cities on the excessive seas. Now, due to the assistance of a cryptocurrency, the world’s first pilot mission is underway.

The Seasteading Cryptocurrency

A gaggle of teachers, traders, and philanthropists are launching a cryptocurrency to assist fund the development of 300 houses on a man-made island in French Polynesia. Inhabitants of the mission will take a look at the feasibility of seasteading whereas residing in an remoted neighborhood run on the cryptocurrency Varyon.

Blue Frontiers, in partnership with The Seasteading Institute, created Varyon as “a common goal cost token for the alternate of products and providers within the Blue Frontiers ecosystem, different ecosystems, and between token holders.”

From the Varyon token web site:

Blue Frontiers is planning to make use of the proceeds of the sale to increase its ecosystem and create SeaZones and seasteads, and can solely settle for Varyon (VAR) for its services and products.

Blue Frontiers has entered into an settlement with the federal government of French Polynesia, which they are saying has supplied them beneficiant autonomy. They estimate the primary seastead will probably be deployed in 2022 and price as much as $50 million.

Nathalie Mezza-Garcia is a researcher concerned within the mission who calls herself a “seavangelesse.” She mentioned the experiment within the Tahitian lagoon may supply an answer for island nations imperiled by local weather change.

Mezza-Garcia informed CNBC:

As soon as we will see how this primary island works, we can have a proof of idea to plan for islands to accommodate local weather refugees.

ICOs For New Worlds

In response to Mezza-Garcia, it’s no coincidence the experiment is being trialed in French Polynesia:

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