May 24, 2022, 10:37AM EDT
• 18 min read
Metaverse: Is Land Scarcity Good or Bad?
- 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.