Solana NFT Project Aims to Buy Cold War Bunker with $14 Million Crowdfund

A doomsday-themed Solana NFT project, spearheaded by the creators of the narrative-driven NFT project Meatbags, has announced ambitious plans to purchase a Cold War-era nuclear bunker in Rutland, England. The initiative, dubbed the Billionaire Bunker Club, aims to sell 100,000 non-fungible tokens (NFTs) to fund the acquisition. Meatbags holders will receive 10,000 of these NFTs through an airdrop, with the remaining 90,000 to be sold starting April 21 at a price of $14 each.

The bunker, built in 1960 as a monitoring post during the Cold War, was decommissioned in 1968. It is currently listed for auction with a guide price of 650,000 British pounds ($862,257) and is scheduled to go under the hammer on April 24. The property, located on 1.4 acres near a former reservoir, already has the necessary permissions for conversion into a residential home.

The pseudonymous co-founder of Dead Bruv, the project's creators, revealed that the idea originated from a joke that evolved into a "lightbulb moment." The initiative is designed to "make NFTs fun again" by taking creative risks and pushing the boundaries of what blockchain technology can achieve. If successful, the Billionaire Bunker Club will become a decentralized autonomous organization (DAO) where NFT holders will vote on the bunker's future use. Proposed ideas include a members-only survival resort, end-of-the-world festivals, or an Airbnb with luxury amenities.

This is not the first instance of a DAO attempting to crowdfund the purchase of a high-value item. In 2021, ConstitutionDAO raised approximately $47 million in Ether (ETH) to bid on an original copy of the United States Constitution, although they ultimately fell short. More recently, LinksDAO successfully acquired the Spey Bay Golf Club in Scotland and added the Hillcrest Country Club to its holdings.

The initiative by Dead Bruv highlights the innovative and sometimes whimsical ways in which NFT projects are exploring the potential of blockchain technology. By combining a historical artifact with a community-driven governance model, the Billionaire Bunker Club aims to create a unique and engaging experience for its participants. The success of this venture will depend on the community's enthusiasm and the effectiveness of the crowdfunding campaign.