# Will $NOUNS Happen?

*Author: Bankless*
*Published: May 30, 2024*
*Source: https://www.bankless.com/de/will-nouns-token-happen*

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   Will $NOUNS Happen?
  

  
  Published on May 30, 2024

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      NFT NEWS
    
    
  
  
    
  Gondi Hits $100M
  

  

 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/05/Group-15--26--1.png)](https://www.bankless.com/dashboard)- 📈** Gondi's big milestone**. The NFT lending protocol has [passed $100 million](https://x.com/gondixyz/status/1796227883666747488) in cumulative gross NFT loan originations, having done so after launching only just last summer. 
- 🎊 **diewiththemostlikes drop**. Today cryptoart's best satirist saw his new [*nameless dread*](https://www.artblocks.io/marketplace/collections/nameless-dread-by-diewiththemostlikes) collection, centered on "meetings that have no start or end," sell out for 133.8 ETH on Art Blocks. 
- 🆓** Magic Eden freebie**. To celebrate the 3-month anniversary of its Ethereum Marketplace launch, the leading multichain NFT marketplace just gave away 1,000 editions of [*Building Together*](https://x.com/MagicEden/status/1796232849583939909) by Clon, the creator of Cool Cats, to its users. 

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    ANALYSIS

  
  
    
   
     What Is $NOUNS?
  
  
   
     
     Bankless Author: 
     
      [
       
       William M. Peaster](https://twitter.com/WPeaster)
     
    
 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/05/nounify--17--1.png)](https://www.bankless.com/what-is-nouns-token-explained)My favorite NFT project? **Nouns**.

It’s a decentralized collective, a grasroots brand, a software movement, and an open public art series all wrapped in one. They’re also a big backer of public goods and privacy efforts in crypto, so long story short, it’s a tribe I love and have long planned to join. 

To join *today* though, the going rate for a Noun is currently ~5-6 ETH, and that’s a nice chunk of gwei to pay all at once.  

That’s why I’m personally stoked about the possibility of $NOUNS, an ERC-20 token being considered by the Nouns community that you could stack up over time until ready to redeem for a full NFT and your spot in the DAO. 

*It’s up in the air right now, but let’s break down what we know about the tentative $NOUNS token so far*! 👇

[Read the analysis](https://www.bankless.com/what-is-nouns-token-explained)
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