Nouns DAO Summary Overview:
• Generative ETH blockchain project, once purchased- access to DAO will be granted
• 32x32 pixel characters based on people, places, and things (nouns lol)
• One noun is generated every day and minted through auction How project works / utility:
• One noun is auctioned every 24 hours, forever
• The auction settlement transaction does three things:
1. Sends the current NOUN ERC-721 token to the winner of the auction
2. Generates the next Noun
3. Begins the next 24-hour Noun auction
• Nouns DAO treasury receives 100% of ETH proceeds from daily noun auctions.
• As I write this, the DAO treasury contains 14,287 ETH, the equivalent of $42,019,209 USD.
• Each noun is an irrevocable member of Nouns DAO and entitled to one vote in all governance matters, even
the art is open source; it is put it in the public domain so that anyone can build on the artwork, just like they can build on the codebase.
Tokenomics:
• Ethereum blockchain, ERC-721
• Open-source protocol
• Noun protocol is a suite of smart contracts that generates and auctions a Noun every day. The protocol serves as
an open standard for generative art – Nouns. Because all of the art was released under the public domain, developers can build without restriction on the protocol at the smart contract or application layer.
Links:
Nouns Website
OpenSea Marketplace
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