Ocean Builders, a company that builds "floating, off-grid offshore houses," bought an old Australian cruise ship that has changed its name to "Satoshi" and plans to fill up with crypto companies, entrepreneurs and digital nomads off the coast of Panama.
In the announcement, Ocean Builders COO Chad Elwartowski, said the ship will be a center of innovation, offering a unique space where crypto entrepreneurs can build and network.
The ship was built in 1991 called Pacific Dawn and has been operated by Princess Cruises and P&O Australia ever since. P&O's parent company, Carnival Corporation, decided to sell the ship due to the impact of the pandemic on the cruise industry.
The name "Satoshi" comes from the pseudonym of the creator of Bitcoin's (BTC), and Elwartowski claims that the ship will host restaurants, casinos, medical services and a water park. Satoshi will anchor in the Gulf of Panama, an island with many crypto exchanges, and BTC will be able to pay for all purchases on board, except US dollars.
The first 200 of the 777 Satoshi cabins will be sold at auctions scheduled for November 5-28. Cabin prices range from 25,000 to 50,000 dollars. However, buyers must also pay current monthly fees to acquire full ownership of the cabins.
Cabins will be sold on one deck each to give affiliate entrepreneurs the opportunity to purchase adjacent premises.
According to Marine Insight, Elwartowski and his Thai girlfriend were accused last year of violating Thai sovereignty when they tried to occupy a seaside house off the coast of Phuket. It is said that as a result of this act, the house was occupied by the Thai Navy and arrest warrants were issued for both of them.