Seasteads are mobile floating homes, businesses, and community spaces that can be moved and reconfigured in relation to other seasteads, allowing for the formation, reformation, and dissolution of networks, neighborhoods, cities, and eventually nation-states in international waters. Seasteads will offer residents and businesses liberties and regulatory frameworks that allow for rapid innovation in societal and political structures.
They are creating the Varyon cryptocurrency. Varyon allows holders to exchange goods and services in the Blue Frontiers ecosystem, other ecosystems, and between themselves. Blue Frontiers will exclusively provide goods and services in exchange for Varyon where it is legally able to do so, including – but not limited to – purchase or rental of dwellings on seasteads, timeshares on seasteads, seasteads for outright purchase, services for people and businesses located on seasteads, such as business registration, administrative services, utility services, transportation, shipping, service industry activities, etc.
Source: Blue Frontiers creating 300 residence seastead funded with their own cryptocurrency