Virtual reality is a prime space to experiment with property rights because space is infinite. What is finite, however, is distance to experience. If land can be infinite, then locating close to meaningful virtual experiences is what becomes valuable. This provides ample opportunity to experiment with new property rights, all perhaps, even in the same virtual space.

A few weeks ago, I had a chat with the Cryptovoxels community on ideas on how to increase or decrease land in this decentralized virtual space. I want to share two such ideas: a COST (Harberger Tax) zone, and a Bonding Curve zone. Both rely on land being minted and destroyed as desired. Both generate value back into the community.