Indian-origin entrepreneur and former Coinbase CTO Balaji Srinivasan has made headlines once again by purchasing a private island near Singapore, with plans to build a technology-first micro-nation exclusively for tech entrepreneurs, founders, and digital nomads.
Dubbed the “Network State Island,” the ambitious project envisions a self-governed, blockchain-based society with decentralized infrastructure, cutting-edge digital identity systems, and AI-powered governance models. The island, acquired for an undisclosed amount, will serve as a hub for innovation, freedom of thought, and radical experimentation in governance and technology.
“We’re building a nation for the internet generation,” Srinivasan said during a press briefing. “It’s about creating a place where innovation isn’t restricted by outdated systems or bureaucratic red tape.”
Balaji has long been an advocate of “The Network State,” a concept he detailed in his bestselling book, where cloud-based communities form real-world physical settlements. This island marks a bold leap from theory to practice.
- Zero-tax regime for tech entrepreneurs
- Blockchain-native ID & residency system
- AI-integrated urban infrastructure
- Offshore legal frameworks for startups
- Sustainability-focused, solar-powered design
Construction is expected to begin in late 2025, with a phased opening starting 2027. The project is backed by a consortium of crypto investors, founders, and libertarian thinkers from around the globe.
While the concept has drawn interest and support from the global tech elite, it also raises questions about sovereignty, regulation, and ethics in forming new nation-like communities. Governmental responses across Southeast Asia are being closely watched.
This development could redefine the future of innovation-driven living—where your country of residence might be just a Wi-Fi signal away.
