The metaverse may need a land tax + citizen’s dividend!
Henry George would be so excited!
A land tax + citizen's dividend would be an enormous benefit to real world economies too.
what an amazing article!!!! but I have a doubt, let's suppose that there is a decentralized game that works on the basis of a DAO governed by its players, and uses scarce land, how to avoid the speculation of old players and that are part of the DAO on top of new players without interfering in the game decentralization
There would need to be asset seizure system built into these smart contracts in order to enforce these tax payments, though I think it would be extremely dangerous to normalize asset seizure mechanisms in the realm of NFTs. It does beg the question of what happens to abandoned land parcels. Do these metaverse platforms start reissuing NFTs if seizure isn't built into the smart contract in the event of an owner's death or neglect? I suppose every platform is going to need to lay out some form of digital property laws and have some sort of social contract that every community member abides by.