Jump to Main ContentJump to Primary Navigation
Top

PayPal Founder to Build Floating Country

IslandHero1.jpg
IslandHero2.jpg
IslandHero3.jpg
IslandHero4.jpg
IslandHero5.jpg

Japan headed the craze for land reclamation; artifically expanding their country by creating new land in their waters, but PayPal founder Peter Thiel wants to go one better, and build a new country in the sea.

Before you all laugh, Thiel also was the man that invested in a company called Facebook when it was only 1m users strong, so he knows a business opportunity when he sees one, and he's convinced that floating islands are the future.

Thiel has invested $1.25m into research by the Seasteading Institute to build a series of floating structures, initially off the coast of San Francisco, each weighing 12,000 tons, running on diesel and capable of housing around 270 people; a 3D visualisation can be seen above.

He wants to create a new "open space for experimenting with new societies" and their location in international waters will enable this; they'll be exempt from any existing jurisdictions covering building codes, planning, welfare requirements, weapons restrictions and, crucially, taxes.

Cynical observers might say that the latter fact is the true motivation for the, literally, outlandish, plan, although it's also perfectly possible he simply wants to build a huge nuclear arsenal and obliterate the US. Time will tell.

Images: András Gyõrfi/Seasteading/Rex Features

Related

Hotel resized.jpg

Norway's city on wheels

Bali2.gif

Island Dreams

tip1-resized.jpg

Tropical Island Yacht

Comments

More

Three very 2017 words have been added to the Oxford English Dictionary

The dictionary is now officially woke

by Gary Ogden
27 Jun 2017

Donald Trump's watch strap is the grossest thing you'll see today

It's so unsettling...

by Carl Anka
27 Jun 2017

Nintendo are bringing back the SNES console this September

The SNES Classic will also feature a previously unreleased game

by Carl Anka
26 Jun 2017

Prada is selling a paperclip for £145

They're definitely cheaper in Ryman

by Tom Victor
26 Jun 2017

Everything you need to know about the DUP 'confidence & supply' deal

Is it a coalition of chaos?

by Dave Fawbert
26 Jun 2017

Choose Your Own Adventure: British Politics

What would have happened if every big decision had gone the other way? Find out here

by Dave Fawbert
26 Jun 2017

A staggering number of people broke up with their partners over Brexit

You could say they voted leave on their relationship...

by Dave Fawbert
26 Jun 2017

Jeremy Corbyn had a dig at Theresa May's field of wheat comment

He's *appalled* by the whole thing

by Alex Finnis
26 Jun 2017

Watch Bradley Lowery’s classmates come together to sing for him

We're not crying, you're crying

by Tom Victor
23 Jun 2017

Science finds that couples that spoon have a better relationship

Wonder what this means for duvet hogs...

by Carl Anka
23 Jun 2017