What are you building?:
We’re building public consensus for geospatial augmented reality.
Think of Pokemon Go but rather than just a siloed application, relevant & composable content, applications, & information are discoverable at physical-world locations through a universal spatial browser (like a web browser that uses GPS instead of URLs).
We use a novel property rights system (partial common ownership/Harberger taxes 1*) to administer a fair & productive market for who can anchor content where in the world on the network. Instead of installing apps on a device, publishers anchor “apps” to locations on Earth for all visitors to experience in augmented, shared reality.
100% of the funds collected through the land market are allocated to public goods and the creation of positive externalities through market incentives.
With this model, we can bootstrap a coherent open spatial web browsing experience that challenges the app stores & attention economy algorithms for supremacy in the metaverse era.
*In short, partial common ownership requires landholders to continuously contribute to a public goods treasury fund proportionally to what they say their land is worth. Someone else can always purchase their land at that same self-assessed price in the open market.
Why do you believe what you are building is going to succeed?:
We’re going to succeed because of our wholehearted commitment to and innovative implementation of public goods funding mechanisms/incentives.
App stores and algorithms are the incumbent application delivery models that want to extend their monopolistic practices to the metaverse. At this point, it’s not just crypto natives that understand this isn’t the future we want. They’re looking for credible alternatives. We can deliver.
We have an elegant, decentralized mechanism (partial common ownership land NFTs) for creating an orderly, open, and useful AR metaverse experience. It so happens that this mechanism creates a sustainable revenue stream that we have wholly committed to funding public goods.
We’re not trying to build the future of the metaverse by ourselves. We’re creating a flywheel of public goods funding and innovation for it to evolve as an open ecosystem: