Somewhere between Croatia and Serbia sits a 7-square-kilometer patch of disputed land that roughly 30 crypto billionaires think could be the future of governance. The Free Republic of Liberland, a self-proclaimed micronation founded in 2015, has built a political system where the size of your wallet literally determines the weight of your vote.

How Liberland actually works

Liberland was founded by Czech politician Vít Jedlička on a piece of terra nullius, land that neither Croatia nor Serbia formally claims. What started as a libertarian thought experiment has evolved into something far more concrete, complete with its own Layer-1 blockchain, two native tokens, and a governance model that would make traditional…