The Solana-based NFT project Meatbags is embarking on an innovative $1.4 million crowdfunding campaign to acquire a Cold War-era nuclear bunker located in Rutland, England. Spearheaded by the enigmatic figure known as Dead Bruv, the doomsday-themed digital collectible venture aims to sell 100,000 NFTs priced at $14 each to secure the historic military installation. The funds raised will not only cover the purchase price but also contribute to the renovation of the bunker through a decentralized governance model.
Key Details:
– Meatbags plans to sell 100,000 NFTs at $14 each, with 10,000 tokens set aside for existing holders through a 1:1 airdrop.
– The bunker auction is slated for April 24 with an estimated guide price of £650,000 (~$862,257).
– NFT holders will be part of the “Billionaire Bunker Club” DAO, allowing them to participate in decisions regarding the property’s future use.
– The sprawling 1.4-acre site boasts a 1960s British Royal Observer Corps bunker, adding historical significance to the project.
– In the event of a failed auction bid, payment options include Solana Pay and credit cards, with a refund policy in place.
The #buythebunker Campaign Details:
Meatbags has set an ambitious target of raising $1.4 million through an NFT sale running from April 21 to April 24. Each “land deed” NFT is priced at $14, creating a financial pool to finance the bunker’s acquisition, renovation, and operational expenses. Existing Meatbags holders will receive special privileges, with 10,000 NFTs reserved for a 1:1 airdrop, while the remaining 90,000 tokens will be available to the public. The sale coincides with the bunker’s auction date, adding urgency to the campaign.
From Military Installation to NFT-Owned Property:
The targeted property is no ordinary real estate acquisition, as it houses a 1960s British Royal Observer Corps bunker and a decommissioned reservoir on a 1.4-acre site. Built during the Cold War era, the bunker was designed to detect nuclear bursts and radiation, showcasing its historical significance. With planning permission already approved for converting the facility into a luxury residence, the property offers unique opportunities for redevelopment with its sturdy 30-inch-thick concrete walls.
The Billionaire Bunker Club: DAO Governance Structure:
NFT purchasers will not only contribute to the acquisition but also become members of the “Billionaire Bunker Club,” a decentralized autonomous organization with voting rights on the property’s future direction. The community has started brainstorming creative ideas for the space, including a “Doomsday DJ” nightclub, an apocalyptic-themed Airbnb rental, a premium survivalist retreat, and a members-only resort for NFT holders. This innovative approach showcases how blockchain technology can be leveraged to own tangible assets.
Crypto Crowdfunding Evolution:
The Meatbags project represents a new chapter in crypto-driven crowdfunding initiatives, focusing on physical infrastructure assets with pre-approved redevelopment plans. While past projects like ConstitutionDAO and LinksDAO made headlines with their bids to acquire historical artifacts and golf clubs, Meatbags stands out for its clear utility for NFT holders and innovative approach to property ownership.
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