I guess all the real islands were taken
Good luck with those sans laws, sans morals, sans building codes artificial islands. Try naming the first one "Flotsam".Photo used via Creative Commons license through Flickr's native sharing and attribution code. Roll over picture for photographer's name. Click on it to go to original site and find other sizes, etc.
Peter Theil, who started PayPal, and was an early investor into Facebook, (and once hired James O'Keefe, but denies being involved in his exploits from the ACORN videos and later) is planning to build sovereign islands where he and like minded people can live the complete Libertarian lifestyle (down to their 25 cent a hour maids and cooks, I suppose).
The first project will be an office park off San Francisco. Whether an office park is to be a "sovereign nation" or not, it shows that the group intends to actually be dependent on the mainland, I think.
And I like how they are complaining about "building codes".
Dudes, you're going to be working many hours a day and later living over the deep ocean with all kinds of weather, and near where a huge fault dives into that very same ocean, AND YOU DON'T WANT BUILDING CODES?
For more details of the plans of the Seasteading Institute, see "Silicon Valley billionaire funding creation of artificial libertarian islands "
