Will $NOUNS Happen?
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- 📈 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.
- 🎊 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.
- 🆓 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 by Clon, the creator of Cool Cats, to its users.
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! 👇
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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:
- 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.
- 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!
Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.
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