After the colorful procession of Satoshi’s supporters through the street of Kiev, the pseudonymous founder of bitcoin got his monument unveiled at the Ukrainian capital at the intersection of Tara’s Shevchenko Boulevard and Kreschatik street.
The three-headed virtual figure had a bitcoin symbol stamped on its bare chest and Vitalik Buterin’s face tattooed on it’s back. Supporters enjoyed a 360 view of this monument by downloading and installing the Satoshi Nakamoto Republic app and even taking selfies in front of it.
The unveiling ceremony was attended by local officials such as Yuri Nazarov, the director of the department of information and communication technologies of the Kiev municipal government.
Even representatives of innovative businesses also showed up, not excluding foreign guests like the founder of CoinJapan, Satoshi Mishima.
The project representatives have disclosed that a second virtual monument will be unveiled at the Hollywood Walk of Fame at Los Angeles this year, precisely on Nov.3. As it is planned already, some Ukrainians have raised support for the next virtual statue at Miami, Florida.
The partnership between Younk, a community-based music label utilizing the blockchain and the Satoshi Nakamoto Republic birthed the idea of creating virtual monuments of Satoshi Nakamoto.
Initially, the plan of the Satoshi Republic team was to raise funds through an initial coin offering to purchase an island where the founder’s city was to be established and the biggest physical monument of Nakamoto to be set up, creating a “virtual, decentralized blockchain republic.”
Presently, Andrey Moroz, the co-founder of the Satoshi Nakamoto Republic according to a press release, has been appointed as the first mayor of the virtual Kiev city. His duties include installation of VR objects and assisting prospective investors with advice on the acquisition of land and property.
The republic is presently in search of “founders” around the world that have interest in purchasing the first virtual plots. With the project plans of augmented reality (AR) in place, participants in each municipality will be able to create virtual objects and avatars and even buy advertising space on billboards. The participants and users will enjoy all these benefits through the AR/VR glasses connected to the special app on their smartphones after they had scanned a QR code.
This commendable move by the Satoshi republic’s team is a huge stride already written in the history books of the crypto world’s development.