The world's smallest independent state, the Principality of Sealand, has received a multi-million dollar investment opportunity to fund the launch of a communications satellite.
The principality has been approached by a Russian investment group attracted by Sealand's independent status and its potential for developing media download services, operating under its own jurisdiction. The potential satellite system would enable content to be broadcasted internationally, directly from the former military fortress.
The proposed plan, from a Moscow-based venture group, involves optimising high-capacity servers on the micro-nation and launching a satellite to enable content to be delivered online.
Sealand recently launched the world's first national online casino, Sealand Casino, offering all players tax-free winnings. The micro-nation celebrated its 40th year anniversary on the 2nd of September, commemorating the day that Prince Roy of Sealand exerted state authority on the island. The Principality of Sealand is located six miles off the Eastern shores of Great Britain.
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