In 2022 there will be the world’s first FLOATING NATION in the Pacific Ocean with its own government and currency.
The current plans are that the floating city will have 300 homes along with several restaurants, hotels, offices, and whatnot, built in on sea off the island of Tahiti.
The project will be backed by Peter Thiel, founder of PayPal, with partnership of the government of Polynesia. The estimated cost of the pilot program is said to be $50,000,000.
Nathalie Mezza-Garcia, a political scientist and researcher for the Floating Island Project, told in an interview the inhabitants of the islands will not be bound by ‘fluctuating geopolitical influences and trade issues’ and also claimed that this project could one day be the solution for the refugees displaced by climate change in the future.
She said: ‘There is significance to this project being trailed in the Polynesian Islands. This is the region where land is resting on coral and will disappear with rising sea levels.’
‘Once we can see how this first island works, we will have a proof of concept to plan for islands to house climate refugees.’
Brains behind this projects are the non-profits Blue Froniters and Seasteading Institute, which alongside PayPal founder’s investment fund the project through philanthropic donations via tokens of their own currency.
This unique scheme is expected to be completed by 2022 and the estimated cost is $50,000,000.
A lot of thought went into the project as the structures will have ‘green roofs’ which will be covered in vegetation and will be constructed with local bamboo, coconut fibre, recycled metal, plastic and wood.
The city will be independently governed by its own laws to ‘liberate humanity from politicians’, according to the Seasteading Institute.
This island’s main focus is not only the residents but a place also for businesses where they can work freely without harsh government regulations.
‘This means there is stability, outside of fluctuating geopolitical influences, trade issues and currency fluctuations – it’s the perfect incubator,’ Ms Mezza-Garcia added.
‘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,’
It took five years to develop a fully sustainable model.