What it does
Harberger Taxes is an economic abstraction that aims to democratize the control of assets and prices. In this taxation system, asset owners self-assess the value of assets they own and pay a tax rate of X% on that value. Whatever value owners specify for the asset, they have to be willing to part ways and sell it to anyone at that price.
How we built it
NFT owners determine the value of their asset and pay taxes on that price. Anyone, at any time, can acquire the NFT at the owner’s price, immediately taking ownership of the NFT upon purchase. The new owner can then set a new price.
Challenges we ran into
Combining Harberger Taxes with a Decentralized NFT marketplace posed an interesting challange, Hestia brings lots of innovations to help build a better ecosystem for NFTs
Accomplishments that we're proud of
What we learned
What's next for Hestia