NASSAU, Bahamas & GREAT EXUMA, Bahamas--(BUSINESS WIRE)--In an unprecedented step for Web 3.0 and real estate, AGIA International Ltd officially announced today that it plans to sell 60 ultra-luxurious pavilions and villas to be built atop the Bahamas’ Great Exuma Island via a series of upcoming non-fungible token (NFT) mints on the Ethereum blockchain.
Set to be the only community strictly sold via NFTs, AGIA International’s development is radically recreating land used by the infamous Fyre Festival in 2017. Five years and tens of millions of dollars later, private spending is set to transform the site that now promises to house the most exclusive enclave in the Caribbean.
“We bought this property because we saw its future, not its past,” said Erik Sanderson, Co-founder of AGIA International, whose team’s prior projects include The Setai in Miami Beach and Amanyara in Turks and Caicos. “We saw 60 acres of secluded, undeveloped land in the cul-de-sac of a beautiful island whose current government has allocated tens of millions to invest in its transportation, telecommunications and infrastructure throughout the island. Constructing this project will create more than 150 jobs and operating it will mean 125 long-term hospitality jobs and entrepreneurship opportunities.”
Bringing real value to local communities is a priority for AGIA. “When the public buys one of the 60 homes here via their crypto wallets, they’re not only buying into a wealth of oceanfront experiences, they’re also bringing economic vitality to the Bahamas. We are committed to growing the local economy and creating sustainable jobs. Our AGIA Foundation will assist the island’s educational and healthcare needs. It will build awareness around climate change by preserving the island's natural beauty and environmental resources, along with promoting the importance of agriculture throughout Great Exuma. AGIA’s main objective is leaving a positive footprint throughout the southern Bahamas for generations to come.”
Grounded in the aesthetic of the Greek Mediterranean and designed by world-renowned residential architect Chad Oppenheim, each construction-ready homesite is located on the Caribbean island’s beachfront, oceanfront or inner harbor; and each home design—which ranges from 1,000 to 6,500 square feet—features a private pool and deeded private floating boat slip.
During a recent founders’ launch, multiple properties were minted. In addition to private residential opulence, AGIA will feature a marina for superyachts as well as resort-style amenities, such as a marina village with restaurants, bars and boutique stores. There will also be the Bahamas’ first-ever dry-storage facility and service center featuring 125 fully enclosed units to protect vessels up to 50 feet year round.
“This is the first time an entire real estate development has been exclusively for sale on the blockchain,” said Matthew Salnick, Chief Strategy Officer of Unchained Partners, AGIA International’s blockchain developer. “There’s never been a 100% tokenized resort-style community.”
“For buyers and sellers, this has tangible benefits,” said Unchained Partners CEO Hunter Williams. “It means: easily traceable ownership, faster buying-selling across borders; and, among other benefits, Bahamian residency and access to its sophisticated offshore banking system.”
Earlier this year, the Bahamas’ prime minister, the Honourable Philip E. Davis, declared his intentions to make his nation the leading crypto hub in the Caribbean by announcing his government’s White Paper on the Future of Digital Assets in the Bahamas. Alongside his administration, including the Bahamas Investment Authority, the Prime Minister has greenlit AGIA’s vision.
“The Bahamas is not only open and ready for business but moving to the forefront of the most exciting era in digital assets innovation. If the world of cryptocurrency is where you see your possibilities, then the Bahamas has a place for you,” said the Honourable Philip E. Davis.
AGIA plans to announce the date of its General Mint later this month. Interested buyers can sign a waitlist today by visiting their website at https://www.agialiving.com.
About AGIA
Located on the Island of Great Exuma, The Bahamas, just north of Emerald Bay, AGIA is the only community in the Bahamas and the Caribbean available for purchase via an ETH wallet. Developed and managed by AGIA International Ltd., all residences are located directly on the beach, oceanfront or inner harbor. The community will feature a Superyacht Marina, Marina Village, easy proximity to Great Exuma’s FBO as well as a new $65 million international airport currently under construction. There will also be a dry-storage facility and service center featuring 125 fully enclosed units to protect vessels up to 50 feet, all year round. AGIA is where innovation and luxury meet, and where fortune truly favors the brave. Unlike any luxury community built before – and an astonishing standard bearer for communities to come – it urges all explorers to heed its call. Welcome to life in the new world. Welcome to AGIA. For more information about AGIA: visit https://www.agialiving.com
