Faced with a burdensome 300% Harberger tax, the holder of the unique consulting NFT surrendered ownership.
, a noted crypto analyst and investor, launched the Orb as part of his project, Orb Land. The unique NFT granted access to personal consulting services, effectively tokenizing Wall’s time and expertise.
There's a catch, though, as the system gives anyone the right to purchase the asset at the self-determined value. It essentially encourages owners to value the asset to keep prospective buyers from forcing a sale. Despite the substantial outlay, Pawle.eth actively used ownership of the Orb to ask Wall about various topics. These discussions
“The Harberger tax system ensures that the person who needs it the most obtains the Orb, rather than the person who wants to simply speculate on it. It discourages passive hoarding and ensures that an NFT meant to be used doesn’t go to waste,” Wall told The Block in a prior interview.
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