DeepSea DAO: First Ocean Floor Mineral Rights Auctioned as NFTs
A groundbreaking milestone hit the blockchain world: the formation of DeepSea DAO, the world’s first decentralized autonomous organization managing ocean floor mineral rights — and auctioning them off as NFTs.
Why is this unique? Until now, seabed mining has been controversial, with international treaties and environmental concerns stalling commercial projects. DeepSea DAO claims it brings transparency, traceability, and community voting into the process — with token holders able to vote on sustainability measures, environmental safeguards, and even profit-sharing agreements with coastal communities.
Environmental groups remain cautious, warning of the fragile ecosystems at risk, but blockchain enthusiasts argue this model could democratize access to underwater resources and create a global, transparent marketplace — rather than leaving deep-sea mining in the hands of secretive megacorporations.
The first NFT auction for a 1 km² manganese nodule field off Tonga’s coast closed yesterday at 4,200 ETH (~$13 million), drawing bids from mining companies, investment DAOs, and even environmental groups hoping to lock up rights for conservation.
Could DeepSea DAO redefine the future of ocean wealth — or open a new chapter of undersea exploitation?
Sojib
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