AGIA International Ltd has announced its plan to sell 60 ultra-luxurious pavilions and villas in Great Exuma Island, Bahamas via non-fungible token (NFT) mints on the Ethereum blockchain.
The properties will be built on what was the land used for the Fyre Festival and have endured a million-dollar renovation to host the most exclusive enclave in the Caribbean.
Erik Sanderson, Co-founder of AGIA International, shared, “We saw 60 acres of secluded, undeveloped land in a beautiful island whose current government has allocated tens of millions to invest in its transportation, telecommunications, and infrastructure throughout the island. This project will create more than 150 jobs and operating it will mean 125 long-term hospitality jobs and entrepreneurship opportunities.”
The project will be guided by global design firm Oppenheim Architecture, home builder JFB Ltd, blockchain incubator Unchained Partners, and hospitality operator The Setai Group. Each construction-ready site is located on the Caribbean beachfront, with views to the oceanfront or inner harbor. Home design ranges from 1,000 to 6,500 square feet and features a private pool and private floating boat slip.
In addition to private residential details, AGIA will feature a marina for superyachts and resort-style amenities like a marina village with restaurants, bars, and boutique stores and Bahamas’ first storage facility and service center featuring 125 enclosed units to protect vessels up to 50 feet year round.
This will be the first project to be sold completely on the blockchain. Benefits for buyers include easily traceable ownership, faster buying-selling across borders, and Bahamian residency which grants access to the sophisticated offshore banking system.
AGIA will be announcing the date of its General Mint later this month. Interested buyers can sign a waitlist by visiting the website at https://www.agialiving.com.
