When the video popped up, I watched it with some interest but assumed the nation would fail quickly. They have lofty goals and it would take either a lot of time or a whole lot of money for them start gaining real traction. I was surprised to learn that had nearly 300,000 citizens at the time. Apparently, the money is flowing more freely than I expected.
There are a lot of real dangers that should be recognized about such a place. They are hyper-sensitive to self-identity influencing any aspect of life as an Asgardian. While the people are free to have views on anything from politics to religion, those views may not be spread throughout the citizenry. Unity is based on adherence to the constitution as the supreme rule over everything Asgardians believe. Whatever other views their citizens may have, those views are secondary to the collective.
Throughout their constitution, they repeatedly invoke "social justice" as a key role in all aspects of life.