Asad Raza

According to Cointelegraph, a Solana-based NFT initiative, Dead Bruv, is set to launch a unique project involving the sale of 100,000 non-fungible tokens (NFTs) to fund the purchase of a Cold War-era nuclear bunker located in Rutland, England. The creators of the narrative-driven NFT project, Meatbags, plan to mint these NFTs, with 10,000 being airdropped to current Meatbags holders. The remaining NFTs will be available for purchase starting April 21, priced at $14 each, as announced on the Meatbags X account.The NFT holders will gain access to a decentralized autonomous organization (DAO) named the Billionaire Bunker Club. This DAO is described as a "fully decentralized, community-governed real-world asset onchain," which will have the authority to decide the future use of the bunker if the acquisition is successful. Proposed ideas for the bunker include transforming it into a "members-only survival resort with Doomsday DJ," hosting end-of-the-world festivals, or converting it into an Airbnb offering caviar tastings and canned bean room service.The bunker, listed by UK online auctioneer SDL Property Auctions, has a guide price of 650,000 British pounds ($862,257) and is scheduled for auction on April 24. The property is situated on 1.4 acres near a former reservoir and has the necessary permissions for conversion into a residential house. Originally constructed in 1960 as a monitoring post during the Cold War, the bunker was decommissioned in 1968. It was one of 1,500 bunkers tasked with reporting nuclear bursts and monitoring radioactive fallout, as noted by SDL Property Auctions.Robert, the pseudonymous co-founder of Dead Bruv, explained in an April 18 statement to X that the initiative began as a joke but evolved into a serious endeavor aimed at "making NFTs fun again." He expressed enthusiasm for the project, highlighting the creative risks and boundary-pushing aspects that initially attracted him to NFTs. "When something comes from a place of, this is completely insane, we gotta do it, that’s when I know we’re onto something," Robert remarked.This venture is not the first instance of a DAO attempting to crowdfund for a high-value purchase. In 2021, ConstitutionDAO raised approximately $47 million in Ether (ETH) to bid on an original copy of the United States Constitution at Sotheby’s auction. Despite their efforts, the DAO was unsuccessful, as the winning bid was $43.2 million, and they were limited to a bid of $43 million due to additional costs. Similarly, LinksDAO successfully acquired Scotland-based Spey Bay Golf Club in May 2023 and added the US-based Hillcrest Country Club to its portfolio in February.