Coworking Bansko, one of the most exciting digital nomad destinations in Europe, has decided to build a cabin on our off-grid "Playground" location in the forest using crowdfunding and blockchain technology.
The goal is to raise between €35,000 and €55,000 to build a cabin on the back of the 4000m2 Playground property. Getting to the lower end of the raise will get us a nice but basic cabin, while getting to the upper end unlocks all the bells and whistles. We have already raised €20,000 in a presale to ensure that this project is going to happen for sure!
The smallest cabinbased on our presales is a simple A-frame with about 45m2. Our target cabin after all NFTs are sold would be about 70+ m2 with an open floor plan ground floor with a big kitchen and a fireplace, and 2 bedrooms to sleep 8 people comfortably. A lower end cabin might be a bit smaller while a higher end cabin could be bigger with upgraded furniture and some additional amenities like a sauna/hot tub and upgraded infrastructure for the Playground. Maybe even a 4x4 vehicle to make it more accessible to guests.
Each NFT represents one specific week of usage rights for the next 10 years. You can rent out the cabin if you don't use it or sell the NFT later on.
The cabin is located in nature surrounded by forest with great mountain views. A great place to relax and slow down for a bit.
Our community in Bansko is only 20 minutes away and we are facilitating this project including maintenance and check-in.
In a true off-grid location without any neighbors but with solar power and our own well
A cabin like this would normally rent for at least €350 per week. Check our math, but we think NFT holders have a 60% discount compared to renting a similar cabin - and there are limited rental options to begin with
You will be in a group with the other owners to discuss all relevant aspects of the cabin and be able to vote on decisions.
This is a crowdfunding project. The more money we raise, the nicer and bigger the cabin gets. At the moment we have reached the minimum viable cabin with presales and we expect that the auction sale of the remaining NFTs will contribute significantly to this project.
Here are two sample floor plans of a more basic cabin.
You are buying 10 weeks of usage rights, one specific week for the next 10 years, for the cabin that we are building on the Coworking Bansko Playground location.
This right is represented by a NFT token. You can sell the NFT to someone else if you like or you can rent out your week(s) to someone else.
After ten years this right expires and you hopefully had a great time with the cabin.
We will use web3 authentication to give all NFT holders access to a simple web form to check-in to the cabin.
This is also where you can pay the service fee to cover cleaning, maintainance and supplies for your stay. If you like you can also put your cabin week up for rent. And of course you can also add additional services like transfers from here.
You will receive an email with your smartlock access code after you complete the check-in process.
While we could do this without the blockchain, doing this as a blockchain project is interesting for our community. To gain more experience with blockchain and to attract people that like to explore blockchain possibilities.
Using NFTs makes it also very easy for people to sell their usage rights later if they want to.
For the las 5 years Matthias has been building Bansko into one of the most exciting ecosystems for digital noamds. Coworking Bansko is the epicenter of this development and we constantly grow our community. Early 2021 we added the Playground to our locations and found it to be a great place to connect with nature. Through the crypto cabin project we want to share it with other people and open it up for a more permanent use year-round.
"And into the forest I go, to lose my mind and find my soul"
The NFT will be listed on https://opensea.io/ where it is freely traded. Openseas charges a 2.5% commission on any sale and there will be an additional 2.5% royalty for Coworking Bansko on each sale. It is also possible to transfer / gift tokens to other wallets without any commission or royalty.
Buying a NFT gives you usage rights for the next 10 years for the specific week that is linked to the NFT. So it is like prepaying 10 weeks of usage over a 10 year period.
There is also a small service fee to cover cleaning etc. See below. You only pay the service fee when you actually use the cabin.
While it is not possible to put the specific usage/ownership rights on the blockchain (yet), Coworking Bansko would manage the cabin and make a contractual promise to NFT holders regarding the usage rights. This provides at least some level of legal protection. Coworking Bansko would also facilitate the booking process for non NFT guests and manage/maintain the cabin with a service contract.
We might needs some permits for water, building etc. At the moment we think we will get all permits, but if not then we can still do the project using workarounds like putting the cabin on wheels to make it “moveable” property.
Here are the full Terms & Conditions
They will have a fine attached to the NFT that needs to be paid before it can be used to make another reservation. Like a deposit. A detailed reservation agreement will be signed during the reservation process.
Arrange transfer via reservation form and provide contact info for offroad transfer. If we get to the highest funding tier, then we might buy a 4x4 vehicle that can be rented in addition to the cabin for guests. This will be one of the options that NFT holders will be able to vote on for any discretionary spending of additional funds raised.
No, the service fee is only charged during the reservation process
The current estimate is €99 per summer week, €125 mid-season, and €150 per winter week Includes cleaning of cabin, washing of sheets/towers, small repairs/maintenance, basic consumables (like washing liquid, toilet paper etc), plus wood/pellets for heating. Also includes administration/reservation system, tourist taxes, garbage collection...
Our week is always Monday to Monday for your chosen week number.
Please check http://www.whatweekisit.org/
No, the fee will collected during the reservation process and only needs to be paid to get access to the cabin.
The cabin will be built on a corner of the Coworking Bansko Playground that is reserved for exclusive use of the cabin guests. Cabin guests are welcome to use the other communal facilities that the Playground provides.