FINANZIERT MIT BITCOIN - Die erste schwimmende Nation der Welt, die "die Menschheit von Politikern befreien soll", wird bis 2020 im Pazifischen Ozean erscheinen

The radical plans, bankrolled by PayPal founder Peter Thiel, will see a floating nation built in the Pacific Ocean

Hotels, homes, offices and restaurants, and more will be built by 2020 by the nonprofit Seasteading Institute

In January the firm made a deal with French Polynesia to set up an experimental nation off its coast

Joe Quirk, president of the Seasteading Institute, said he wants to see 'thousands' of floating cities by 2050

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The world's first floating nation is set to appear in the Pacific Ocean off the island of Tahiti in 2020.

A handful of hotels, homes, offices, restaurants and more will be built in the next few years by the nonprofit Seasteading Institute, which hopes to 'liberate humanity from politicians'.

The radical plans, bankrolled by PayPal founder Peter Thiel, could see the creation of an independent nation that will float in international waters and operate within its own laws.

In a new interview, Joe Quirk, president of the Seasteading Institute, said he wants to see 'thousands' of rogue floating cities by 2050, each of them 'offering different ways of governance'.

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The world's first floating nation is set to appear in the Pacific Ocean off the island of Tahiti in 2020 (artist's impression). A handful of hotels, homes, offices, restaurants and more will be built in the next few years by the nonprofit Seasteading Institute, which hopes to 'liberate humanity from politicians

The radical plans, bankrolled by PayPal founder Peter Thiel, could see the creation of an independent 'start-up country' that will float in international waters and operate within its own laws

French Polynesia, a collection of 118 islands in the southern Pacific, is interested in the project as the area is at risk from rising sea levels

Draft legislation will be drawn up next year and construction is expected to begin in 2019. Floating islands would feature aquaculture farms, healthcare, medical research facilities, and sustainable energy powerhouses

The world's first floating city is set to appear in the Pacific Ocean off the island of Tahiti

The first city would be built on a network of 11 rectangular and five-sided platforms so the city could be rearranged according to its inhabitants' needs like a floating jigsaw, Joe Quirk, spokesman for the project explained

The feasibility report supported the idea that the project is economically feasible, with each platform costing less than $15 million (£10 million) which works out at a similar price as land in London or New York.

A series of computer generate graphics reveal how a prototype floating habitat might look once complete, with a design that blends futuristic technology with Polynesian traditions. The overall shape of the construction reflects the pattern of a fish hook, an ancestral tool that symbolised the actions of the demigod Maui

Stunning concept images for the world's first first floating nation have been released as part of a project bankrolled by PayPal founder Peter Thiel. The plans will see the seabound city-state, complete with a handful of hotels, homes, offices, restaurants and more, built in the Pacific Ocean off the island of Tahiti in 2020

The scheme is the creation of the nonprofit Seasteading Institute, which hopes to 'liberate humanity from politicians'. This image shows how the artificial island will blend in with nature

The latest concept images take inspiration from the rich Polynesian culture, in particular from traditional navigation, which is based on the observation and knowledge of natural elements

The radical plans could see the creation of an independent nation that will float in international waters and operate within its own laws. This image shows dwellings on the island might look

Hills and mountains, the shape of reefs and other underwater landmarks, as well as the rising and setting of the sun, moon and stars are reflected in the design. This image shows how the floating island will look from the shore of nearby Tahiti

he world's first floating nation is set to appear in the Pacific Ocean off the island of Tahiti in 2020 (artist's impression). A handful of hotels, homes, offices, restaurants and more will be built in the next few years by the nonprofit Seasteading Institute, which hopes to 'liberate humanity from politicians'

Governments just don't get better,' Mr Quirk told the New York Times.

'They're stuck in previous centuries. That's because land incentives a violent monopoly to control it.'

The first island is being funded by a coin offering, a new concept gaining popularity in Silicon Valley in which money is 'crowd sourced' by creating and selling a virtual currency.

The non-profit hopes to raise around $60 million by 2020 to build a dozen buildings.

The structures will feature 'green roofs' covered with vegetation and construction will use local bamboo, coconut fibre, wood and recycled metal and plastic.

First revealed in January, the plans have been approved by the French Polynesian government, which is now creating a special economic zone so the floating nation can operate under its own trade laws.

The tiny nation, a collection of 118 islands in the southern Pacific with a population just over 200,000, has granted the Seasteading Institute 100 acres of beachfront to operate from.

French Polynesia is interested in the project as the area is at risk from rising sea levels.

It may seem like an ambitious plan, but the group believes semi-independent cities would be the perfect place to try new modes of government and agricultural methods.

Mr Quirk and his team have now started a new company, Blue Frontiers, which will build and operate the floating islands in French Polynesia.

He said he was inspired to build a floating city, known as seasteading, when he went to the US festival Burning Man 2011.

The enormous event, which attracts 70,000 people every year, could provide a model for a new society where 'rules don't observe their usual parameters', he said.

'If you could have a floating city, it would essentially be a start-up country,' Mr Quirk said