• decrypting defi
  • blockchain&beyond
  • news
  • 21 Apr 25

NFT Project on Solana Raises Funds to Buy a Nuclear Bunker in the UK

British NFT team plans to turn a bunker into a DAO-owned resort.

0

nft.eu
  • rating +23
  • subscribers 109

The British NFT team Dead Bruv, creators of the Meatbags project, has decided to merge blockchain with real estate: community members plan to purchase an underground nuclear bunker from the Cold War era in Rutland. To fund the purchase, they’ve scheduled a sale of 100,000 NFTs. The auction for the property is set for April 24.

NFT Sale and Access to DAO

According to the team’s statement on X, the 100,000 new Meatbags tokens will go on sale on April 21, priced at $14 each. Current holders of the existing NFT collection will receive 10,000 new tokens for free as part of an airdrop. All holders will gain the right to join a decentralized autonomous organization called the Billionaire Bunker Club, which will manage the acquired property.

The collective’s goal is to acquire the bunker, priced at approximately $862,257 (£650,000), which has been listed for auction by British agency SDL Property Auctions.

DAO members will be able to vote on the future use of the property. Proposed ideas include a survivalist resort with “apocalyptic DJs,” a venue for end-of-the-world-themed festivals, or an Airbnb-style rental house featuring caviar and canned beans.

The bunker was built in 1960 to monitor nuclear explosions and radiation levels and was decommissioned in 1968. The site occupies 1.4 acres near a former reservoir and has planning permission for conversion into a residential property.

The bunker at Rutland. Source: sdlauctions
The bunker at Rutland. Source: sdlauctions

According to Robert, co-founder of Dead Bruv, the project started as a joke but quickly turned into a “moment of clarity.” He described the initiative as a way to bring back the “creative energy and madness” that initially inspired him to join the NFT space.

Other DAOs Have Tried Similar Experiments

This isn’t the first time a decentralized community has attempted to pool funds for an unconventional purchase. In 2021, ConstitutionDAO raised around $47 million in Ethereum in an effort to purchase an original copy of the U.S. Constitution. Despite the enthusiasm, the DAO lost the bid: Sotheby’s accepted a $43.2 million offer, while DAO participants were only able to bid up to $43 million due to taxes and insurance costs.

Another example is LinksDAO, which in 2023 purchased the Spey Bay golf club in Scotland and later announced the acquisition of Hillcrest Country Club in the United States.

The Dead Bruv team presents their initiative as an experiment at the intersection of blockchain and the physical world. If the bunker is successfully acquired and transferred to DAO governance, it could become one of the most unusual cases of an NFT community owning a real-world asset.

This post is for informational purposes only and is not an ad or investment advice. Please do your own research making any decisions.

0

Comments

0