A unique and ambitious NFT project called Meatbags is making waves in the crypto community with its doomsday-themed narrative and goal of purchasing a Cold War-era nuclear bunker in Rutland, England. The project, spearheaded by Dead Bruv, aims to sell 100,000 non-fungible tokens (NFTs) to raise funds for the purchase of the bunker, which is listed for a guide price of 650,000 British pounds ($862,257) by UK online auctioneer SDL Property Auctions.

Meatbags plans to mint 100,000 NFTs, with holders of the tokens being airdropped 10,000. The remaining NFTs will be sold starting on April 21, priced at $14 each. Holders of the Meatbags NFTs will gain entry into a decentralized autonomous organization (DAO) called the Billionaire Bunker Club. This DAO will be responsible for governing the real-world asset on-chain, the nuclear bunker, and will vote on its future use if the purchase is successful.

The possibilities for the bunker's future use are diverse and intriguing, with ideas ranging from a members-only survival resort with a Doomsday DJ to hosting end-of-the-world festivals or even transforming it into an Airbnb offering caviar tastings and canned bean room service.

The co-founder of Dead Bruv, known as Robert, emphasized that the project is about bringing fun back into the world of NFTs and pushing the boundaries of what this technology can achieve. He described the initiative as a creative and absurd endeavor that showcases the potential of NFTs to create something entirely new and remarkable.

This unconventional approach to crowdfunding through NFTs is not unprecedented. In 2021, ConstitutionDAO attempted to raise funds to purchase an original copy of the United States Constitution at auction but fell short of the winning bid. Similarly, LinksDAO successfully secured the winning bid to purchase the Spey Bay Golf Club in Scotland and the Hillcrest Country Club in the United States through a DAO structure.

The growing trend of using DAOs and NFTs for crowdfunding high-value assets highlights the innovative ways in which blockchain technology is being leveraged for collective ownership and decision-making within communities. As the Meatbags project unfolds and the auction for the nuclear bunker approaches, the crypto community eagerly awaits to see if this ambitious endeavor will succeed in acquiring a piece of Cold War history for a new and unconventional purpose.

Source: https://cointelegraph.com/news/nft-project-reveals-plan-to-buy-old-war-era-nuclear-bunker?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound