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A rendering of the Floating Island Project in French Polynesia.

A pilot project for a new libertarian floating city will have 300 homes, its own government, and its own cryptocurrency

The Seasteading Institute, which received seed funding from billionaire Peter Thiel, is building an island with 300 homes in French Polynesia. Using a cryptocurrency called Varyon, it will run under its own governance as part of a pilot project.

A Silicon Valley billionaire’s dream of a floating libertarian utopia may have finally been killed

The Seasteading Institute wants to build a floating libertarian utopia in the middle of the ocean. But a key partner has pulled out of the plans.

Tech billionaire Peter Thiel no longer thinks his dream of a floating libertarian utopia is realistic

Peter Thiel has all but given up on his dream of a libertarian utopia in the middle of the ocean.

An island nation that told a libertarian ‘seasteading’ group it could build a floating city has pulled out of the deal

French Polynesia has ended its agreement with the libertarian Seasteading Institute.

Silicon Valley’s dream of a floating, isolated city might actually happen

The Seasteading Institute is in talks with the French Polynesian government to develop a "floating city" in the South Pacific.