What happened to the crypto islands?
While the crypto industry has largely toned down its expectations around what can be accomplished with blockchains and decentralized finance, it was only a couple of years ago that multiple projects were suggesting that blockchains wouldn’t just help run smart cities, but would create entirely new autonomous regions in island nations. So, what’s happened to these decentralized island concepts since the collapse of FTX and the long-drawn-out bear market? Let’s take a look. Cryptoland Cryptoland was a project purporting to offer soon-to-be-constructed homes on an island in Fiji, along with a planned hotel, conference center, pyramid, and other absurd lavish luxuries. Unfortunately for the project, the financing to purchase the island paradise fell through sometime in late 2021, with the island still being listed for sale for a mere $12 million today. Read more: Cryptoland: Fiji island won’t be crypto’s Fyre Festival after all Cryptoland was run by a Spanish ‘entrepre...