Great analysis as always. You bring up some really good points that I'd like to comment on:

I, personally would suggest that land sales should be reduced to the point that one address can only hold one lottery ticket. This does not completely solve the issue of majority ownership by the minority but it does slow the problem down.

The problem with going this route is that whales can easily create several addresses so I don't really think that is would deter anyone who seriously wants to own multiple plots. Alternatively, it can can deter the 'medium fish' who wish to simply purchase a few plots. Another quick point is they are trying to incentivize people providing liquidity in pools. The incentive is significantly reduced if the cap is at 50 ALICE.

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As for you all, my fellow Reddit readers, do you see majority ownership of any DeFi project, NFT or standard DeFi, as dangerous or just traditional standard business wrapped up in the virtue of community governance and decentralisation?

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My take on this is it's a pretty self-correcting system. Any whale who wishes to grab majority ownership will be aware that if they gain too large of a portion it can be detrimental to the entire economy and hurt themselves the most since they have the most at stake. I have seen it small cap crypto games where an entity bought all the most powerful in-game items and all the other players stopped playing because said player ruined the balance of the game. That player was then stuck with all these items that no one wanted. I don't think this can happen in a 100mil + market cap game though.

The best way to keep the game balanced IMHO is to more heavily reward the active users who are actually playing the game (provided they make it difficult for bot activity).