The Satoshi Island project has invited people to buy so-called "Land NFTs", that would grant them access to the island and the ability to build houses there.
Sydney businessman Dennis Troyak said it was “an amazing opportunity” while recently drumming up support for the project on social media.
The project promises to bring fame and fortune to Vanuatu, but critics are skeptical the project can get off the ground.
Joel Simo, a former member of Vanuatu’s Land Council, questioned the legality of the project.
