Metaverse: Is Land Scarcity Good or Bad?

May 24, 2022, 10:37AM EDT

• 18 min read

Quick Take

  • The main distinction between the physical and the virtual worlds is that lands in the former are naturally scarce. 
  • The artificial scarcity imposed on web3 lands is keeping the lands from being productive and potentially leads to a web3 land crisis.
  • The article discusses land value tax as one of the ways to curb extreme web3 lands speculations.

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