Meatbags NFT Aims to Convert British Nuclear Bunker into Community-Owned DAO
The NFT project Meatbags has announced plans to purchase a decommissioned Cold War-era nuclear bunker in the United Kingdom through crowdfunding. Starting April 21, 2025, the company will sell 100,000 NFTs to raise the necessary funds for this unusual real estate acquisition.
Located in Rutland county, the bunker is currently listed on SDL Property Auctions with a starting price of £650,000 (approximately $862,000). Built in 1960, the facility was originally used to monitor nuclear explosions before being decommissioned in 1968. The property covers a total area of 1.4 acres.
After the bunker purchase, NFT holders will become part of a decentralized autonomous organization called the Billionaire Bunker Club. Members will have voting rights regarding the future use of the bunker, with proposed ideas ranging from a survivalist-themed resort to an "end of the world" festival venue, or even an Airbnb offering caviar tastings and canned bean service.
The project launches amid changing Web3 investment trends. On April 19, $400 million Web3 fund ABCDE announced it would halt new investments to focus on existing portfolio companies, citing concerns about projects that prioritize exchange listings over creating lasting value in the cryptocurrency space.
The team explains that participants are buying more than just access—they're purchasing power to vote and shape the future of this DAO. Following the auction conclusion on April 24, NFTs will be automatically distributed among sale participants, including existing Meatbags holders who will receive 10,000 NFTs at no cost.
Payment options include Solana Pay, debit or credit cards, with a price point of $14 per NFT. On April 28, each NFT share will transform into one of 20 parts ranging from common to epic, which can be collected, traded, and combined. While rarity doesn't affect ownership share, it may provide future perks and opportunities.
"We're making history. This is the first project of its kind in Web3," said co-founder Robert. What began as a joke in the Surviville Discord community quickly evolved into what he called a "moment of clarity." The team knew they were on the right track when their initial reaction was: "This is complete madness, but we must do it."
For context, NFT sales volume decreased by 63% year-on-year in the first quarter of 2025, totaling $1.53 billion.
