The world’s first independent floating nation which will launch in the Pacific Ocean in 2022 will operate outside of government regulations using its own ‘Vayron’ cryptocurrency. The plans will see the sea-bound city state, with 300 homes as well as a handful of hotels, restaurants, offices and more, built in the Pacific Ocean off the island of Tahiti. Bankrolled by PayPal founder Peter Thiel, the £37 million ($50 million) project is a pilot program in partnership with the government of Polynesia and is championed by a movement of academics, philanthropists and investors. In a new interview, Nathalie Mezza-Garcia, a political scientist and researcher for the Floating Island Project, says the island’s residents will be free of ‘fluctuating geopolitical influences and trade issues’ and claimed the nation could one day house refugees displaced by climate change. Scroll down for video The world’s first independent floating nation that operates outside of government regulations using its own cryptocurrency is set to launch by 2022. The plans will see the sea-bound city state (artist’s impression), with 300 homes as well as a handful of hotels, restaurants, offices and more, built in the Pacific Ocean off the island of Tahiti Speaking to CNBC, Ms Mezza-Garcia, a… Read full this story
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