35: Building the Crypto Capital of the World // Denys Troyak

Our guest for today is Denys from Satoshi Island. Denys is head of operations for all things on the ground, taking care of the arrangements needed for the physical development of the island. Satoshi Island is a 32 million square foot private island, located in the tropical paradise of Vanuatu, tucked between Australia and Fiji. The island, which is owned by Satoshi Island Holdings Limited, is intended to become home for crypto professionals and enthusiasts, with a goal to be considered the crypto capital of the world. After years of preparation, a green light from the Vanuatu Prime Minister and Minister of Finance and all approvals in place, Satoshi Island is now ready to be developed into a real-world crypto economy and blockchain based democracy.

Time-Stamped Show Notes:

• 3:04 Denys talks about how Satoshi Island was born. There is no founder for Satoshi Island but there is a community of people that will be taking over the projects and building their own future.
• 5:40 Since 2017, Denys has been working on growing Satoshi Island. It has taken him this long because of the challenges and hurdles he had to go through. He also had to make sure that the foundation of the project was already in place.
• 7:28 Satoshi Island is a private island in Vanuatu with around 800 acres of land area.
• 8:46 The best way to go to Satoshi Island is to fly to Australia, and then take a short flight to Vanuatu.
• 10:13 Denys describes how beautiful Vanuatu is for tourists.
• 11:20 Currently, there are 3 villas on the island with complete utilities installed. They are also planning to invite some community members to stay in Satoshi Island.
• 14:15 As the community grows on the island, Denys and his team are ready to scale up. For now, there are no problems with electricity and internet within the island.
• 18:12 When two marketing managers visited Satoshi Island, they were extremely shocked to see that solar panels are capable of running a whole luxury estate.
• 24:57 Denys talks about why they chose Vanuatu as the place to build Satoshi Island.
• 27:03 Satoshi Island has 2,100 blocks of land but each block of land is divided into 10 NFTs.
• 28:10 Each block of land is about 360 square meters, which can fit up to 5 modular homes.
• 32:04 Denys emphasizes that their NFT is special because it is a real asset, which is a physical piece of land on an island somewhere in the world.
• 33:35 Going through multiple crypto winters is exciting, according to Denys.
• 37:08 Denys provides more information about Vanuatu, its political climate, culture, and people.
• 39:49 More discussions on Vanuatu, their language and population. Denys already has a Vanuatu permanent residency and he is ready to immerse himself in the culture of the local people.
• 42:54 Denys invites everyone to check out Satoshi Island so that people can share some of their ideas regarding crypto, blockchain governance, network states, and so on.

Key Points from this Interview:

1. “We acquired a private island in Vanuatu, around 800 acres, maybe a little bit less. And we decided to build this private island in Vanuatu into a crypto city for crypto enthusiast and professionals, where they can come and acquire blocks of lands, which will be represented of course by NFTs and get into, what is now known as Satoshi Island currency, which will act to power the economy on the island as well.”
2. “The mission is not having a founder, a heirarchy, and this person doing that and barking orders, it’s coming together as a community, all of us. I don’t mean just Satoshi Island community, I mean the entire crypto community and building a place of our own but not keeping it for ourselves. Sharing it with the rest of the world and slowly getting mass adoption of this amazing technology, of these amazing systems that we have managed to create. Of course, there’s going to be others who’s going to stop us but I don’t think we’re going anywhere.”

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