Solana-based NFT project Meatbags is launching a $1.4 million crowdfunding campaign to purchase a Cold War-era nuclear bunker in Rutland, England. The doomsday-themed digital collectible project, led by the pseudonymous team Dead Bruv, plans to sell 100,000 NFTs at $14 each to fund acquisition and renovation of the historic military installation through a decentralized governance model.
Key details:
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Meatbags will sell 100,000 NFTs at $14 each, with 10,000 reserved for existing holders via a 1:1 airdrop.
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The bunker auction is scheduled for April 24 with a guide price of £650,000 (~$862,257).
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NFT holders will join the “Billionaire Bunker Club” DAO to vote on future uses of the property.
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The 1.4-acre site features a 1960s British Royal Observer Corps bunker.
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If the auction bid fails, payment options include Solana Pay and credit cards, with a refund policy.
The #buythebunker Campaign Details
The Meatbags project has set an ambitious goal of raising $1.4 million through their NFT sale running from April 21 to April 24. Each “land deed” NFT costs $14, creating a pool of funds to cover the bunker’s purchase price, renovation costs, and ongoing operational expenses.
Existing Meatbags holders will receive special treatment, with 10,000 NFTs reserved for a 1:1 airdrop. At the same time, the remaining 90,000 tokens will be available to the public. The sale timing aligns with the bunker’s auction date of April 24.
The project includes flexible payment options through Solana Pay or credit cards. he team has committed to providing refunds within six months if their auction bid fails. Any excess funds raised beyond the purchase price will be allocated through DAO votes to fund future development.
Source: SDL Property Auctions
From Military Installation to NFT-Owned Property
The target property is no ordinary real estate acquisition. This Cold War relic is a 1.4-acre site featuring a 1960s British Royal Observer Corps bunker and a decommissioned reservoir. Built in 1960 and decommissioned in 1968, it was one of 1,500 nuclear monitoring posts across the UK designed to detect nuclear bursts and radiation during the Cold War.
A key selling point is that planning permission has already been approved for converting the facility into a luxury residence with cathedral-style ceilings and panoramic views. The structure’s 30-inch-thick concrete walls provide both historical significance and practical durability.
The property is currently listed by SDL Property Auctions with a guide price of £650,000. The auction is scheduled for April 24 – creating urgency for the crowdfunding campaign to reach its goals.
The Billionaire Bunker Club: DAO Governance Structure
Purchasers of the NFTs won’t just be funding the acquisition – they’ll have a say in what happens next. NFT holders will automatically gain membership to the “Billionaire Bunker Club,” a decentralized autonomous organization (DAO) with voting rights on the bunker’s future purpose.
The community has already begun floating creative ideas for the space, including:
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A “Doomsday DJ” nightclub
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An apocalyptic-themed Airbnb rental
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A premium survivalist retreat
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A members-only resort for NFT holders
If it all comes together, this could be one of the most interesting examples of how blockchain tech can be used to own something real.
Crypto Crowdfunding Evolution
The Meatbags project follows in the footsteps of previous crypto-driven crowdfunding initiatives but with key differences.
In 2021, ConstitutionDAO raised an impressive $47 million in an unsuccessful bid to purchase a copy of the U.S. Constitution. More successfully, LinksDAO acquired a Scottish golf club in 2023.
What sets the Meatbags campaign apart is its focus on a physical infrastructure asset with pre-approved redevelopment plans, creating clearer utility for NFT holders.