Solana-based NFT venture Meatbags is launching a $1.4 million crowdfunding marketing campaign to buy a Chilly Warfare-era nuclear bunker in Rutland, England. The doomsday-themed digital collectible venture, led by the pseudonymous workforce Lifeless Bruv, plans to promote 100,000 NFTs at $14 every to fund acquisition and renovation of the historic army set up by way of a decentralized governance mannequin.
Key particulars:
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Meatbags will promote 100,000 NFTs at $14 every, with 10,000 reserved for current holders by way of a 1:1 airdrop.
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The bunker public sale is scheduled for April 24 with a information worth of £650,000 (~$862,257).
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NFT holders will be part of the “Billionaire Bunker Club” DAO to vote on future makes use of of the property.
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The 1.4-acre website encompasses a Nineteen Sixties British Royal Observer Corps bunker.
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If the public sale bid fails, cost choices embody Solana Pay and bank cards, with a refund coverage.
The #buythebunker Campaign Particulars
The Meatbags venture has set an bold purpose of elevating $1.4 million by way of their NFT sale working from April 21 to April 24. Every “land deed” NFT prices $14, making a pool of funds to cowl the bunker’s buy worth, renovation prices, and ongoing operational bills.
Current Meatbags holders will obtain particular remedy, with 10,000 NFTs reserved for a 1:1 airdrop. On the identical time, the remaining 90,000 tokens will probably be obtainable to the general public. The sale timing aligns with the bunker’s public sale date of April 24.
The venture consists of versatile cost choices by way of Solana Pay or bank cards. he workforce has dedicated to offering refunds inside six months if their public sale bid fails. Any extra funds raised past the acquisition worth will probably be allotted by way of DAO votes to fund future growth.
Supply: SDL Property Auctions
From Navy Set up to NFT-Owned Property
The goal property is not any bizarre actual property acquisition. This Chilly Warfare relic is a 1.4-acre website that includes a Nineteen Sixties British Royal Observer Corps bunker and a decommissioned reservoir. Inbuilt 1960 and decommissioned in 1968, it was one in all 1,500 nuclear monitoring posts throughout the UK designed to detect nuclear bursts and radiation in the course of the Chilly Warfare.
A key promoting level is that planning permission has already been permitted for changing the ability right into a luxurious residence with cathedral-style ceilings and panoramic views. The construction’s 30-inch-thick concrete partitions present each historic significance and sensible sturdiness.
The property is presently listed by SDL Property Auctions with a information worth of £650,000. The public sale is scheduled for April 24 – creating urgency for the crowdfunding marketing campaign to succeed in its objectives.
The Billionaire Bunker Club: DAO Governance Construction
Purchasers of the NFTs will not simply be funding the acquisition – they’re going to have a say in what occurs subsequent. NFT holders will routinely acquire membership to the “Billionaire Bunker Club,” a decentralized autonomous group (DAO) with voting rights on the bunker’s future function.
The neighborhood has already begun floating artistic concepts for the area, together with:
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A “Doomsday DJ” nightclub
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An apocalyptic-themed Airbnb rental
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A premium survivalist retreat
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A members-only resort for NFT holders
If all of it comes collectively, this could possibly be one of the crucial attention-grabbing examples of how blockchain tech can be utilized to personal one thing actual.
Crypto Crowdfunding Evolution
The Meatbags venture follows within the footsteps of earlier crypto-driven crowdfunding initiatives however with key variations.
In 2021, ConstitutionDAO raised a powerful $47 million in an unsuccessful bid to buy a replica of the U.S. Structure. Extra efficiently, LinksDAO acquired a Scottish golf membership in 2023.
What units the Meatbags marketing campaign aside is its deal with a bodily infrastructure asset with pre-approved redevelopment plans, creating clearer utility for NFT holders.
