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Will $NOUNS Happen?
Published on May 30, 2024

Sponsor: ORAORA is Ethereum’s Trustless AI, bringing Onchain AI to life.

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NFT NEWS
Gondi Hits $100M
  1. 📈 Gondi's big milestone. The NFT lending protocol has passed $100 million in cumulative gross NFT loan originations, having done so after launching only just last summer.
  2. 🎊 diewiththemostlikes drop. Today cryptoart's best satirist saw his new nameless dread collection, centered on "meetings that have no start or end," sell out for 133.8 ETH on Art Blocks.
  3. 🆓 Magic Eden Magic Eden freebie. To celebrate the 3-month anniversary of its Ethereum Ethereum Marketplace launch, the leading multichain NFT marketplace just gave away 1,000 editions of Building Together by Clon, the creator of Cool Cats, to its users.
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ANALYSIS
What Is $NOUNS?
Bankless Author: William M. Peaster

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 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! 👇


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TOOL TIP
Nouns Camp
via Nouns Camp

Nouns Camp is a Nouns DAO governance client.

In other words, the platform's a streamlined frontend for analyzing and participating in Nouns votes. Two things I love about it:

  1. It makes it easy to surface voteWithReasons (VWRs), i.e. onchain text explanations of "For" or "Against" votes on Nouns proposals, which is awesome when you're trying to make sense of ongoing Nouns governance matters.
  2. It makes it easy to post VWRs even if you don't hold a Noun—if so, you won't have official voting power, but it's a great straightforward way to get involved with the DAO and help build up your onchain resume.

All that said, if you're interested in diving deeper into the world of Nouns, Nouns Camp is a platform you'll want to start leaning on more!


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Ni conseil financier ni fiscal. Le contenu Bankless est strictement éducatif et ne constitue pas un conseil en investissement ni une sollicitation à acheter ou vendre des actifs ou à prendre des décisions financières. Cette newsletter ne constitue pas un conseil fiscal. Parlez-en à votre comptable. Faites vos propres recherches.

Divulgation. Il peut nous arriver d’ajouter des liens vers des produits que nous utilisons dans cette newsletter. Nous pouvons recevoir une commission si vous effectuez un achat via l’un de ces liens. De plus, l’équipe Bankless détient des actifs crypto. Consultez nos divulgations d’investissement ici.

Ce site est protégé par reCAPTCHA.

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