Investors Crowdfunded The Purchase Of A Private Island. Now They Have Their Own ‘Micronation.’

In 2018, Marshall Mayer and other investors started a project to crowdfund money to buy the “world’s first crowdfunded private island.” A year later, they had raised more than $250,000 through their website “Let’s Buy an Island,” CNN reported.

Just before the beginning of the COVID-19 pandemic, in December of 2019, Mayer and his group raised enough money through their crowdfunding strategy to buy Coffee Caye, a one-acre island near the coast of Belize in Central America.