The Space is the world’s first large-scale NFT pixel art game ruled by radical markets

LOS ANGELES and TAIPEI and HONG KONG, May 31, 2022 /PRNewswire/ — The Space (www.thespace.game) is officially open to the public today: the world’s first NFT pixel art co-creation canvas where anyone can tokenize and trade pixels within the Harberger tax and the universal basic income (UBI).

Powered by Matters Lab, the creator of the world’s largest successful blockchain social media app with over 100,000 content creators and other co-creation NFT projects, The Space will reimagine the pixelated graffiti wall as its foundation. a new attention economy on the web3 .

Inspired by Reddit r/place, The Space goes beyond a collaborative canvas to become the first large-scale experimentation of a radical blockchain market. Two unique rules govern Space based on a radical market economy:

  1. Every NFT pixel is still on sale.
  2. The current owner can set the price for their pixel and pay a tax as a percentage of the price.

Pixels are tokenized as ERC-721 (Planck) tokens and exchanged under the Harberger tax with ERC-20 tokens ($SPACE), where the owner of each plot must mark a price for his plot and put it up for sale. They must also pay a tax, fixed at a certain percentage, of the price of their land.

The majority of the tax is then redistributed to all pixel owners in the game as Universal Basic Income. Originally offered by Glen Weil and Eric Posner, radical market economy is a response to the monopolization of private property by a few wealthy people.

“The centralization of Web2 and the disappearance of public spaces online is terrifying. We no longer live in a physical world, but spend most of our hours interacting in the metaverse. Our digital world no longer has a public space. The Space is our vision for a truly decentralized and empowered community in a public space,” says Annie Zhangaward-winning journalist and founder of Matters Lab.

Since December 2021Space launched 11 play test events. Over 1,800 content creators participated and colored at least 35,000 pixel tokens. While these test runs didn’t include real money or tax mechanics, they did reveal how players collaborated with each other to solve problems and create artwork together. This is one of the fundamental objectives of The Space: to create an autonomous and decentralized community.

Plans are underway for players to completely own and rule space through SpaceDAO (Decentralized Autonomous Organization). Players will decide the game rules, Harberger tax rate, UBI ratio, web size, and use of community funds. Members will also be able to launch bounty programs and recruit third-party developers.

In a test launch in March, fifty Taiwanese artists co-created on The Space and their final work hit as NFT on akaSwap. Proceeds from this event were used to help displaced adults and children.

To find out more about the project, go to the Espace window at booth 319 at Consensus 2022 by CoinDesk of June 9-12 in Austin, TX. Visitors can claim $SPACE tokens during the conference.

Read The Space white paper or follow us on Medium and @space2022 on Twitter for the latest news and information on NFT and web3.

About Space

Powered by Matters Lab, which was established in 2018, The Space’s mission is to enable a truly decentralized and empowered community in a public space for content creators to monetize their digital assets with full control through the next evolution of the Internet, the web3. Other initiatives include using decentralization tools to protect digital rights, designing an autonomous system and community, and inventing models for a new creator economy.

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Emilie Hsu

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SOURCE Matters Lab

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