Shut them nice and tight.
Cryptoland is real and itcanhurt you.
Also, it can scam you out of quite a bit of cash.
Words struggle to do it justice, but have a watch.
It’s free, every week, in your inbox.
We could write an entire article about the bizarre animated section of this video.
What is Cryptoland?
Where is this island?
According to Cryptolands Why Paper, its an island in Fiji, called Nananu-i-cake.
But this is where we start to get into shady territory.
(If youre interested, its currently listed at $12M).
Ive contacted the real estate brokers at Vladi Private Islands ascertain if there is any purchase agreement on Nananu-i-cake.
They told me the island is still for sale.
This isnt the only worrying detail.
Another is the island listed as being around 600 acres.
This works out to be 0.9375 square miles.
How is Cryptoland being funded?
Seemingly, getting people to mint (or, you know,buy)NFTs.
These are based on Connie, the bizarre talking coin from the video.
What we can say for sure is the video and website costsomething,and it probably wasnt cheap.
Whos behind Cryptoland?
The two co-founders are Max Olivier and Helena Lopez.
Oh wow I am truly honored.
Whats the problem with Cryptoland?
On a fundamental level, nothing.
I mean, much of US history is based on communities striking out for themselves and claiming land.
And, on an intellectual level, how different isthe Saudi Neom project?
No, the problem is the whole thing is rife with slapdash questions and poorly thought-through responses.
Cryptoland is supposedly going to bepowered by diesel generators.
Much of the infrastructure (including staff quarters) willbe based on the mainland.
The budget to make something like Cryptoland is eye-wateringly high.
The generic Cryptolanders NFTs we mentioned above havean average price of 0.1517 ETH, or just above $500.
From the evidence in front of me, I can only arrive at two potential hypothesises.
The first is that this is a scam.
The people behind Cryptoland will get as much cash as possible before shutting down and disappearing with the money.
The second is they truly believe in this project and are dangerously misguided.
(Note:This thread from Molly Whitewas an excellent resource and contains some incredible research and analysis.
Id highly recommend reading it, especially if you want a laugh).
