- Solana project Meatbags is selling 100,000 NFTs to raise $1.4 million for purchasing a Cold War nuclear bunker in England.
- NFT holders will form a DAO to vote on the property’s future use, with options including a tourist attraction or luxury Airbnb.
- The bunker spans 1.4 acres and already has planning permission for conversion into a luxury home with panoramic countryside views.
A Solana-based NFT project aims to purchase a Cold War nuclear bunker through collective ownership, echoing the 2021 attempt by ConstitutionDAO to buy a copy of the U.S. Constitution. Meatbags, a doomsday-themed Solana project, is launching 100,000 Billionaire Bunker Club NFTs at $14 each to raise $1.4 million for acquiring a nuclear bunker in Rutland, England.
The 1.4-acre property features a former nuclear bunker and reservoir built in 1960 as a British Royal Observer Corps monitoring post during the Cold War. According to SDL Property Auctions, it was one of 1,500 underground monitoring posts constructed across the United Kingdom during a period of heightened nuclear war concerns.
The current owners have already secured planning permission to transform the site into a luxury residence with “cathedral-type ceilings,” large glass frontage, and views across the Leicestershire countryside. The Meatbags team says they’ve factored renovation costs into their fundraising target.
Learning from past DAO attempts
This initiative recalls ConstitutionDAO, which raised approximately $47 million in 2021 but ultimately lost the auction for a U.S. Constitution copy to Citadel CEO Ken Griffin. Meatbags has pledged to refund participants if unable to secure the bunker or an alternative site within six months of any failed bid.
Other DAO projects have succeeded, however, such as LinksDAO, which purchased the Spey Bay Golf Club in Scotland in 2023 and is currently overhauling the site.
Robert, the pseudonymous co-founder and CEO of Meatbags creator Dead Bruv, told Decrypt they’ve already identified alternative properties, mainly in the UK but potentially elsewhere. “We’re confident we’ll be able to get our hands on a bunker,” he said.
Community ownership and future plans
If successful, NFT holders will receive on-chain land deeds verifying their ownership share and can vote through the DAO on the property’s future. Robert explained to Decrypt: “I think it will turn into a tourist attraction, or I think it could also go down the route of being an insane property on Airbnb. Ultimately, it’ll come down to what the DAO votes [for].”
The property is currently listed with a guide price exceeding £650,000 (approximately $862,000) plus fees. The $1.4 million target includes funds for renovation, negotiation flexibility, and operational costs.
Billionaire Bunker Club NFTs will be available beginning Monday at 8am ET through Solana Pay or credit card via the Dead Bruv website.
Despite the ambitious sales target in today’s NFT market, co-founder and creative director Psychrome remains optimistic, telling Decrypt: “I’m about as optimistic as you can be when betting on crypto and the apocalypse at the same time.”
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