The Nouns DAO Discord is slowly being shuttered, according to a Discord message this week from co-founder punk4156.
The private Nouner channels have already been switched to read-only and the rest of the channels will face the same fate on Oct. 31, according to punk4156. The Nouns DAO co-founder said the decision is based on the incongruity of a centralized meeting place for a decentralized protocol and the rise of &ldquo;unreasonable&rdquo; people congregating there.
&ldquo;It&rsquo;s super clear to me now that creating token-gated access to private chats is a terrible idea,&rdquo; punk4156 tweeted two days before officially announcing the closure. &ldquo;It&rsquo;s basically a convoluted version of a 1-900 service where community members with social skills subsidize those with none in the name of sustaining NFT prices. Truly bizarre.&rdquo;
For now, the project will keep information on its website, Nouns.wtf, and Twitter. Punk4156 further expanded on the reasoning in a <a href="https://twitter.com/thenounsquare/status/1582056153659236352?s=20&amp;t=3GfnDNeALJX8JZIC8WNnFA">Twitter Spaces</a> put on by The Noun Square.
&ldquo;And in this space, you can&rsquo;t unfollow anyone. So you create the space where really like the loudest and the most argumentative people, who don&rsquo;t have a platform elsewhere, are kind of able to thrive,&rdquo; said punk4156 in a Twitter Spaces. &ldquo;And there&rsquo;s a sense in which you&rsquo;re kind of like feeding the reasonable people to the unreasonable ones.&rdquo;
Adding: &ldquo;It is as sensical to have an official Nouns Discord as it is to have an official Bitcoin or Ethereum Discord.&rdquo;
One Twitter user, @ojuice_eth, questioned the move, saying Twitter is &ldquo;unusable&rdquo; and was worried about the lack of organization due to &ldquo;fragmented Discords.&rdquo;
&ldquo;Just feels like it will be messy and potentially detrimental to engagement (and proliferation),&rdquo; @ojuice_eth said.
Punk4156 said he wouldn&rsquo;t rule out creating a new Nouns Discord for &ldquo;builders who want to work on Nouns without (meaningful) compensation.&rdquo;
&ldquo;No proposals, no business models, just building for the sheer joy of it, would donate a noun to the cause that we can all own via multisig,&rdquo; <a href="https://twitter.com/punk4156/status/1582174804891009024?s=20&amp;t=sJx0IM1HucioqTLnFiQVNQ">punk4156 tweeted</a>. &ldquo;Would this be of interest?&rdquo;
There are already a few established Nouns-related communities. The developer of Nouns Center and host of the Noun O&rsquo;Talk podcast, cdt.eth, shared <a href="https://nouns.center/groups">a list on Twitter</a> that included 37 Discord links to groups that include international communities, Nouns-related projects, and Nouns DAO builders.
<a href="https://twitter.com/stevefink">Steve</a>, owner of Noun 309, was active in the Discord in the beginning of 2022 and the platform became his &ldquo;go-to,&rdquo; as he was getting to know people with &ldquo;similar interests in developing products that are crypto native and can proliferate a meme with a feel-great vibe.&rdquo;
But that vibe changed as the Discord grew, Steve said.
&ldquo;Many new speculators became interested in the project and the discord became the central focus point for all Nounish conversation,&rdquo; said Steve in a direct message in Discord. &ldquo;And I think what was lost in translation in this period of growth, is that people lost focus that Nouns aren't a company or an organization.&rdquo;
Steve said he agrees with the decision &ldquo;whole-heartedly&rdquo; to close the Nouns Discord.
&ldquo;If nuking the Discord kills Nouns, then this was never a neutral protocol to begin with and I prefer a swift death,&rdquo; he said.
When Nouns launched Aug. 8, 2021, there was &ldquo;internal debate&rdquo; about if there could &mdash; and should &mdash; be an official Nouns Discord, punk4156 said.
&ldquo;In hindsight I wish we had called it the Nounders Discord and I think that would have given us a lot more discretion to kind of curate what went on in there,&rdquo; he said.

Nouns to Shut Down Discord on Halloween

The Nouns DAO Discord is slowly being shuttered, according to a Discord message this week from co-founder punk4156.

Ethereum

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Nouns

A <a href="https://luckytrader.com/nft/nouns" target="_blank" rel="follow noopener">Nouns NFT</a> avatar is a staple of the NFT space and a must-have piece for many of the top NFT collectors. Desired as a collector's item first, Nouns NFTs also act as a membership pass to the exclusive Nouns DAO, a decentralized organization made up of Noun holders.
The first Nouns NFT was put up for auction on Aug. 8, 2021 and every 24 hours since that day, one Noun has been auctioned off via the self-sufficient Nouns Auction smart contract. This is a radically different approach in the NFT space where most other NFT project drops masses of NFTs onto the market all at once.
In fact, Nouns are so exclusive and so sought-after that even a derivative fork called <a href="https://luckytrader.com/nft/lil-nouns" target="_blank" rel="follow noopener">Lil Nouns</a> has gained real traction.
<img style="display: block; margin-left: auto; margin-right: auto;" src="https://d3c9os9v862gny.cloudfront.net/dXJsPWh0dHBzOi8vY2RuLmJ1dHRlcmNtcy5jb20veVhQSWtQZjFRT1NSMzc0MndKZmImd2lkdGg9
NzI1" alt="undefined" width="254" height="254" />
<h2>What Is a Nouns NFT?</h2>
So, what exactly is a Nouns NFT? Similar to CryptoPunks, each Noun is a 32x32 pixelated avatar made up of a combination of different backgrounds, bodies, accessories, heads, and signature Nouns glasses. Each Noun NFT grants membership and one governance vote to the Nouns DAO.
<h3>Nouns NFT Traits</h3>
Nouns traits consist of 234 different heads, 137 accessories, 30 bodies, 21 glasses, and 2 backgrounds. There are no two Nouns that look alike. The Nouns are a CC0 project, which means the artwork is in the public domain and the founders waive all rights to the artwork.
The assortment of traits is completely random with no code that specifies any one trait to be rarer than another. This makes each trait equally rare.
Nouns are stored directly on the Ethereum blockchain as on-chain NFTs, meaning they do not rely on storage solutions like IPFS to ensure the metadata is managed appropriately. This is possible because each Noun part is compressed and stored on-chain using a form of lossless compression called custom run-length encoding (RLE).
<h3>Nouns NFT Mint and Auctions</h3>
Through the Nouns Auction Contract, Nouns are randomly generated based on Ethereum block hashes. Each time an auction is settled, the settlement transaction also causes a new Noun to be minted and a new 24-hour auction to begin. &nbsp;The current trait generation algorithm can be changed through the Noun Seeder contract which is controlled or locked by the Nouns DAO.
<h3>What Are Lil Nouns?</h3>
With the massive success of Nouns NFTs, it seemed only a matter of time before a derivative project appeared. One derivative project that has gained real traction is called Lil Nouns, and they aim to expand the Nouns ecosystem by creating a new layer.
Lil Nouns was founded by <a href="https://twitter.com/0xsvg" target="_blank" rel="follow noopener">@0xsvg</a> and <a href="https://twitter.com/adelidusiam" target="_blank" rel="follow noopener">@adelidusiam</a>. The Lil Nouns are identical to Nouns in terms of traits, except that they&rsquo;re smaller. The other main difference is a Lil Noun is auctioned off every 15 minutes rather than every 24 hours. Other than these factors, the Lil Nouns are nearly an exact copy of Nouns with a nearly identical website, mint contract, and DAO structure.
<h2>What Is the Nouns DAO?</h2>
At the heart of the Nouns' ecosystem is the Nouns DAO. The DAO is like an exclusive club that all holders become a part of when they acquire a Noun.
The single greatest benefit of the Nouns DAO is its control over the Nouns DAO Treasury. This treasury receives 100% of the ETH proceeds from every Nouns auction sale, with the exception that every tenth Noun for the first five years goes directly to the multi-sig wallet of the Nouns DAO founders or &lsquo;Nounders&rsquo; as they&rsquo;re called.
Every Noun held equals one vote in the governing body of the Nouns DAO, which utilizes a fork of Compound Governance. This governing body has control over the decisions of the Nouns DAO treasury. The more Nouns one holds, the greater the power over the treasury. That said, every vote also gets diluted every 24 hours when a new Noun is auctioned off.
The Nounders (Nouns Founders) have given themselves a special veto right to ensure that no malicious proposals can be passed while the Noun supply is still low. This precaution is unlikely to ever be needed unless an obviously harmful governance proposal has been passed.
<h2>Who Created Nouns NFTs?</h2>
As mentioned, the group that created Nouns NFTs is called the Nounders. These are the 10 builders that initiated the project. Many are well known in the NFT space, most notably the founder of CyrpToadz <a href="https://twitter.com/gremplin">@gremplin</a>, <a href="https://twitter.com/punk4156">@punk4156</a>, and Vine co-founder Dom Hofmann (<a href="https://twitter.com/dhof">@dhof</a>).
The full list of Nouns Founders is as follows:
<ul>
<li><a href="https://twitter.com/cryptoseneca">@cryptoseneca</a></li>
<li><a href="https://twitter.com/gremplin">@gremplin</a></li>
<li><a href="https://twitter.com/punk4156">@punk4156</a></li>
<li><a href="https://twitter.com/eBoyArts">@eboyarts</a></li>
<li><a href="https://twitter.com/punk4464">@punk4464</a></li>
<li>solimander</li>
<li><a href="https://twitter.com/dhof">@dhof</a></li>
<li><a href="https://twitter.com/carrot_init">@devcarrot</a></li>
<li><a href="https://twitter.com/TimpersHD">@TimpersHD</a></li>
<li><a href="https://twitter.com/lastpunk9999">@lastpunk9999</a></li>
</ul>
These 10 founders share control of the multi-sig wallet that receives every tenth Noun released for the first five years.
<h2>Nouns DAO Proposals</h2>
The Nouns have no defined roadmap but rather operate via <a href="https://nouns.wtf/vote" target="_blank" rel="follow noopener">proposals made by the Nouns DAO</a>. These proposals can range from using treasury funds to create a Nouns coffee brand to donating to charities, though most Nouns DAO proposals are focused on expanding the Nouns IP.&nbsp;
There are a total of 90 proposals that have been introduced by the Nouns DAO at the time of writing. A majority of them have been approved by voters. Some notable proposals have resulted in the creation of the Nouns Mobile App, the signing of a professional esports team, and the creation of a Nouns Comic. Many other proposals have been executed for charitable donations, Nouns events, and Nouns art projects and displays.
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The Nouns DAO and its holder base grow organically every day thanks to its unique daily minting process. As the project and IP grow, we'll be sure to update our article with all the latest from the Nouns NFT project.

What Is a Nouns NFT? The Nouns DAO Project You Should Know About

What is a Nouns NFT? The Nouns DAO Project You Should Know About

The Nouns NFT avatars are a staple of the NFT space and a must have piece for the top NFT collectors. They are desired both as a collector’s piece and for the membership to the highly exclusive Nouns DAO. The first Nouns NFT was put up for auction on August ...

A Nouns NFT avatar is a staple of the NFT space and a must-have piece for many of the top NFT collectors. Desired as a collector's item first, Nouns NFTs also act as a membership pass to the exclusive Nouns DAO, a decentralized organization made up of Noun holders.

<h2 style="text-align: left;">Top News Today:</h2>
<ul>
<li>
V1 Punks Removed
</li>
<li>
Pixelmon &amp; Cool Pets Mint
</li>
<li>
Nouns Super Bowl Ad
</li>
<li>
Top NFT Movers
</li>
</ul>
<h2>V1 Punks Removed</h2>
Since Larva Labs threatened to take action last week against V1 Punks Wrapped, the V1 collection was subsequently delisted on OpenSea today. With the floor near 15 ETH, this delisting caused some sellers to use the new LooksRare Marketplace to accept WETH offers on V1 Punks. Ten accepted offers since the takedown mounted to over 100 ETH in sales.&nbsp;
&nbsp;
<h2>Pixelmon &amp; Cool Pets Mint</h2>
<a href="https://luckytrader.com/nft/pixelmongen1" rel="follow">Pixelmon Generation 1</a>&nbsp;sold out via a public Dutch auction starting at 3 ETH with the final resting price of 2.4 ETH. Taking in over a staggering 24,000 ETH in total volume today, Pixelmon Generation 1 characters are creatures that will be playable genesis collectibles that cannot be caught in the upcoming&nbsp; game. A mintlist sale for the remaining ~2,000 NFTs will take place on Feb. 8 with a cost of 0.6 ETH. The game is scheduled to be released in Q2 of 2023. Since hitting the secondary markets Pixelmon has struggled, dropping to 1.44 ETH, a full ETH below the final public mint price.&nbsp;&nbsp;
{LuckyProjectExplorerLink slug="pixelmongen1"}
<a href="https://luckytrader.com/nft/cool-pets-nft" rel="follow">Cool Pets</a> resumed minting today for its allow list members. With roughly 6,200 pets minted today the floor has held steady against the influx of supply to the market. After a few floor sweeps and nearly 3,000 ETH in volume today, Cool Pets has held a 2.1-2.3 ETH floor for most of the day while minting has occurred. Holding roughly 1,500 Cool Pets for the public sale, if all allow list mint, the final NFTs of the collection will go on sale Wednesday with Thursday being the tentative game start date.&nbsp;
{LuckyProjectExplorerLink slug="cool-pets-nft"}
<h2>Nouns Super Bowl Ad</h2>
<a href="https://luckytrader.com/nft/nouns" rel="follow">Nouns</a> will be featured in Bud Light Super Bowl Ad via the iconic blue Noun glasses imagery. &ldquo;Noun glasses&rdquo; from the Nouns NFT, which gifted the beer brand a Nouns NFT as part of a partnership with the Nouns DAO, will be featured in the upcoming Super Bowl LVI. Bud Light revealed the advertisement titled "Zero in the Way of Possibility", which will feature Bud Light's Next beverage.&nbsp;
{LuckyProjectExplorerLink slug="nouns"}
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<img style="display: block; margin-left: auto; margin-right: auto;" src="https://d3c9os9v862gny.cloudfront.net/dXJsPWh0dHBzOi8vY2RuLmJ1dHRlcmNtcy5jb20vZjRUY1ZqQWpTa0c4Y2g2emRRencmd2lkdGg9
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<blockquote>
&nbsp;
<ul>
<li style="text-align: left;">
<a href="https://luckytrader.com/nft/azuki" rel="follow">Azuki</a> is up after the weekend of slow volume on OpenSea, breaking 2,200 ETH and is first on our ranking page. The floor has been fluctuating on Anime projects lately but Azuki seems to hold steady at around 10 ETH.&nbsp;
</li>
<li>
<a href="https://luckytrader.com/nft/overview/clonex" rel="follow">Clone X</a> drops a still over 1,100 ETH in 24-hour volume, floor holding around 16 ETH. Most larger projects saw a slowdown since stellar volumes early last few weeks.
</li>
<li>
<a href="https://luckytrader.com/nft/the-heroes-nft-collection" rel="follow">Heroes NFT </a>after selling out last night jump onto our ranking page. Up to 0.43 ETH since minting at 0.08 ETH and breaking 1,000 ETH in volume.&nbsp;
</li>
<li>
Check out Lucky Trader's full NFT project rankings <a href="https://luckytrader.com/nft/project-rankings?sortType=8&amp;activeTimeframe=Day" target="_blank" rel="follow noopener">here</a>.&nbsp;
</li>
</ul>
</blockquote>
<hr />
Disclaimer: Lucky Trader is not a registered investment advisor. You understand that the service is furnished for your personal noncommercial, information, purpose only. No mention of an NFT in the service constitutes as a recommendation to buy, sell, or hold that or any other NFT. Nothing within the service shall, or is intended to, constitute financial, legal, accounting, or tax advice. Any decision that you make to buy, sell, or hold an NFT should be based on an assessment of your risks in consultation with your personal advisers.&nbsp;

LT;DR Feb. 7 NFT Recap: V1 Punks Removed from OpenSea

NFT Daily Recap Feb. 7: V1 Punks Removed from OpenSea

Today in NFTs Feb. 7: Since Larva Labs threatened to take action last week against V1 Punks Wrapped, the V1 collection was subsequently delisted on OpenSea today.

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V1 CryptoPunks Wrapped

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Nouns are randomly generated based on Ethereum block hashes, and are made up of a combination of different backgrounds, bodies, accessories, heads, and glasses. Each Noun is an attempt to improve the formation of on-chain avatar communities. One noun is released via auction every 24 hours. One hundred percent of Noun auction proceeds are sent to Nouns DAO treasury, which is made up of all Noun holders. 

Nouns Guides, Tutorials, & FAQs

Nouns to Shut Down Discord on Halloween

What Is a Nouns NFT? The Nouns DAO Project You Should Know About

LT;DR Feb. 7 NFT Recap: V1 Punks Removed from OpenSea