NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

Pacific Island to Establish its Own Government and Cryptocurrency With 300 Households

Ricardo Esteves
Ricardo Esteves
1 year ago
2 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

The government of French Polynesia, an overseas collectivity of France in the South Pacific, is supporting a pilot program aiming to develop an off-shore housing that uses its own currency and operates outside of government regulations. The project is funded by a company called Blue Frontiers, which is planning to launch an initial coin offering dedicated to its cryptocurrency Varyon.

Floating Island Project to Establish Its Own Cryptocurrency

The Floating Island Project has the long-term goal of developing hundreds of new countries floating on the ocean. Behind the project is the Seasteading Institute, a group of marine biologists, nautical engineers, aquaculture farmers, maritime attorneys, medical researchers, security personnel, investors, and environmentalists, who share the same libertarian ideals.

The Seasteading Institute was founded by billionaire cryptocurrency enthusiast Peter Thiel and Patri Friedman, grandson of Nobel Prize-winning economist Milton Friedman. Blue Frontiers is an offshoot of Seasteading which will be launching the token sale of Varyon soon, with the presale already live.

Nathalie Mezza-Garcia, a political scientist and researcher for the Blue Frontiers and Seasteading Institute’s Floating Island Project, told CNBC how the project can affect the humanity in the most profound ways, from a freedom perspective to solve migration issues caused by climate change.

“Once we can see how this first island works, we will have a proof of concept to plan for islands to house climate refugees”, she said. “There is significance to this project being trialed in the Polynesian Islands. This is the region where land is resting on coral and will disappear with rising sea levels”, the researcher continued.

The pilot island is expected to cost up to $50 million and is scheduled to be completed in 2022. The project is libertarian to the core and freedom from specific governments is the main goal since the beginning, not only for individuals but also for businesses. Mezza-Garcia explained the virtues of building country islands from that perspective.

“If you don’t want to live under a particular government, people will be able to just take their house and float away to another island. This means there is stability, outside of fluctuating geopolitical influences, trade issues and currency fluctuations — it’s the perfect incubator.”

Marshall Islands are about to make a cryptocurrency, SOV, legal tender together with the US dollar. The idea is not as ambitious as floating islands, but it is a step forward taken by a sovereign government.

Under the Floating Island scheme, floating communities will be able to self-govern and only exist as service providers. If the pilot program works out, the project aims to build hundreds of islands over the years. Such freedom of movement would allow people and businesses to take their house and float away to another island country whenever they please.

 

Tweet123Share196ShareSend
Ricardo Esteves
Ricardo Esteves

Ricardo Esteves

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

bitcoin

Bitcoin Heating Up? NVT Golden Cross Hints At Potential Local Top

Bitcoin (BTC) is up 7% over the last two weeks, showing signs of strength despite expectations that the US Federal...

Ash Tiwari 3 hours ago
Ethereum Range Tightens – Liquidity Looms At $2,800 And $2,350

Ethereum Range Tightens – Liquidity Looms At $2,800 And $2,350

Ethereum is approaching a pivotal moment as it pushes to reclaim the $2,600 level, aiming to break free from weeks...

Sebastian Villafuerte 8 hours ago

FUNToken’s P2E Model Isn’t Just a Game: It’s a Scalable Digital Economy

FUNToken is going beyond basic play-to-earn mechanics by laying the groundwork for a scalable digital economy that targets the global...

NewsBTC 8 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

xrp price xrpusdt

XRP Price Brewing A Monster Rally? This Patter Might Hold The Key

James Halver 42 minutes ago
스네이키웨이($AKE), AI 매수·인플루언서 제휴·블록체인 게임 앞세워 프리세일 개시

스네이키웨이($AKE), AI 매수·인플루언서 제휴·블록체인 게임 앞세워 프리세일 개시

Soyeon Lee 1 hour ago

TOKEN6900強勢吸金:1周融資破20萬美元 無視市場邏輯再掀迷因熱潮

estherw 2 hours ago

Premium Sponsors

Press Releases

  • 3 altcoinuri de urmărit în prima săptămână a lunii iulie 2025

    5 hours ago
  • XRP versus Shiba Inu: Care criptomonedă are șanse mai mari să creeze milionari?

    XRP versus Shiba Inu: Care criptomonedă are șanse mai...

    6 hours ago
  • XRP, SOL, LTC holders turn to OPTO Miner to earn $5,777 in...

    9 hours ago
  • More and more XRP and ETH holders are turning to APT Mienr...

    9 hours ago
  • XRP versus Shiba Inu: Care criptomonedă are șanse mai mari să creeze milionari?

    ...

    11 hours ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.