Source: Cointelegraph Original: "{title}"
A doomsday-themed Solana NFT project plans to sell 100,000 non-fungible tokens (NFTs) to purchase a Cold War-era nuclear bunker located in Ratland, UK.
According to an announcement by Meatbags on the X platform, the narrative-driven NFT project Meatbags, created by the team Dead Bruv, plans to mint 100,000 NFTs, with 10,000 being airdropped to Meatbags holders. The remaining NFTs will go on sale starting April 21, with a starting price of $14.
NFT holders will gain eligibility to join a decentralized autonomous organization (DAO). This DAO, named the "Billionaire Bunker Club," is described as "fully decentralized and community-governed on-chain physical assets." If the bunker is successfully purchased, the DAO will vote on its usage.
Several concepts proposed by the NFT project include: "a members-only doomsday survival resort with a doomsday DJ," a venue for hosting an apocalypse music festival, or an "Airbnb offering caviar tastings and canned beans room service."
UK online auctioneer SDL Property Auctions has listed the nuclear bunker that Dead Bruv intends to purchase, with a guide price of £650,000 (approximately $862,257), and the auction is scheduled for April 24.
Property information shows that the bunker is located near a former reservoir, covering 1.4 acres, and the winning bidder has obtained the necessary permissions to convert it into a residence.
According to SDL Property Auctions, this nuclear bunker was built in 1960 as a monitoring station during the Cold War and was decommissioned in 1968. It is one of 1,500 monitoring stations responsible for reporting nuclear detonations and monitoring radioactive radiation.
Cointelegraph has reached out to SDL Property Auctions for comments on this matter.
Robert, the anonymous co-founder of Dead Bruv, stated in a post on the X platform on April 18 that the plan aims to "make NFTs fun again," stemming from a joke that evolved into a "lightbulb moment."
"It's hard to find comparable cases, but it's this kind of thing that initially made me fall in love with NFTs. Taking risks, being creative, pushing technological boundaries to create something entirely new, absurd, and unbelievable," he said.
Robert added, "When something comes from the idea of 'this is completely crazy, but we have to do it,' I know we've found the right direction."
This is not the first time a DAO has crowdfunded to purchase expensive items. In 2021, ConstitutionDAO raised about $47 million in Ethereum (ETH) in an attempt to bid on an original copy of the U.S. Constitution at Sotheby's auction house.
The bidding ultimately failed. The winning bid was $43.2 million, and considering taxes and the costs of protecting, insuring, and transporting the Constitution, Sotheby's set the DAO's bidding cap at $43 million.
On the other hand, LinksDAO successfully won the bid to acquire the Spey Bay Golf Club in Scotland in May 2023. This DAO claims it added the Hillcrest Country Club in the U.S. to its portfolio in February of this year.
Related: After shutting down its NFT trading platform, Bybit has also closed four Web3 services.
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