Latest Nouns News
The first Nouns Comic is available for pre-order in Europe and North America, according to a tweet from NounsDAO founder @punk4156.
The Details
European users can pre-order their comics at Forbidden Planet for approximately $3.25. Those located in North America can pre-order with their local comic shop at comicshoplocator.com.
Why It Matters
Despite closing its Discord, Nouns hasn't stopped building in an effort to grow the brand's profile. NounsDAO founder Punk4156 touted the comic, published in collaboration with @ComicsTitan and @ComicsDAO, as the "first-ever mass-market publishing project based on a web3 venture."
super bowl commercial, rose parade, feature documentary, ios app, comic book with global distribution, dedicated marketing agency, fashion brand(s), frog species, subdaos, ai tooling, vc funded startups building nouns products, beans, whisky, restaurants...nouns are indeed on firepunk4156
🕳️ Go Deeper:
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 “unreasonable” people congregating there.
“It’s super clear to me now that creating token-gated access to private chats is a terrible idea,” punk4156 tweeted two days before officially announcing the closure. “It’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.”
For now, the project will keep information on its website, Nouns.wtf, and Twitter. Punk4156 further expanded on the reasoning in a Twitter Spaces put on by The Noun Square.
“And in this space, you can’t unfollow anyone. So you create the space where really like the loudest and the most argumentative people, who don’t have a platform elsewhere, are kind of able to thrive,” said punk4156 in a Twitter Spaces. “And there’s a sense in which you’re kind of like feeding the reasonable people to the unreasonable ones.”
Adding: “It is as sensical to have an official Nouns Discord as it is to have an official Bitcoin or Ethereum Discord.”
One Twitter user, @ojuice_eth, questioned the move, saying Twitter is “unusable” and was worried about the lack of organization due to “fragmented Discords.”
“Just feels like it will be messy and potentially detrimental to engagement (and proliferation),” @ojuice_eth said.
Punk4156 said he wouldn’t rule out creating a new Nouns Discord for “builders who want to work on Nouns without (meaningful) compensation.”
“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,” punk4156 tweeted. “Would this be of interest?”
There are already a few established Nouns-related communities. The developer of Nouns Center and host of the Noun O’Talk podcast, cdt.eth, shared a list on Twitter that included 37 Discord links to groups that include international communities, Nouns-related projects, and Nouns DAO builders.
Steve, owner of Noun 309, was active in the Discord in the beginning of 2022 and the platform became his “go-to,” as he was getting to know people with “similar interests in developing products that are crypto native and can proliferate a meme with a feel-great vibe.”
But that vibe changed as the Discord grew, Steve said.
“Many new speculators became interested in the project and the discord became the central focus point for all Nounish conversation,” said Steve in a direct message in Discord. “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.”
Steve said he agrees with the decision “whole-heartedly” to close the Nouns Discord.
“If nuking the Discord kills Nouns, then this was never a neutral protocol to begin with and I prefer a swift death,” he said.
When Nouns launched Aug. 8, 2021, there was “internal debate” about if there could — and should — be an official Nouns Discord, punk4156 said.
“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,” he said.
The primary Nouns auction site, nouns.wtf, is partly down due to an issue with alchemy according to a tweet from Punk4156.
Those hoping to make bids on today's daily auction can do so via other frontends, says Punk4156, but extreme caution should be exhibited.
Every day one Nouns NFT goes up for auction, providing the eventual winner access to NounsDAO.
Learn more about NounsDAO and the Nouns ecosystem in our guide.
Tessera is creating a shared application for Nouns, where holders can gain access to the Nouns ecosystem and receive their own unique derivative NFT called a "Nounlet," the company announced Wednesday.
There will be 100 Nounlets and holders of the ERC-1155 NFTs will be able to elect a delegate to handle the base Noun's governance rights, submit proposals, and also join the Noun's private Discord channel.
"We want to provide users a fun, accessible, and simplified experience as a subDAO in NounsDAO," said Tessera's Deeze in a Medium article.
Tessera, formerly Fractional.art, announced a rebrand in August, to focus on creating "unique ownership experiences on a per-NFT collection basis," said founder Andy Chorlian in a message to Lucky Trader back in August.
Nouns, which auctions off one new edition a day, has a floor price of 78 ETH as of Wednesday afternoon. All of the proceeds from the auction go to the Nouns DAO treasury, which is community managed.
Nouns DAO warned the NFT community of potential scam accounts impersonating its project in a recent tweet.
The accounts are using the avatar from the official Nouns DAO Twitter account and copying the account's bio verbatim as the scammers are looking to attack users who are not checking their sources.
The team reiterated its tweet regarding security from earlier this summer: "This Twitter account is owned by the Nouns Foundation, which exists to support Nouns DAO. We will not share links to surprise mints or ask you to sign transactions with your private keys. Please be diligent while interacting with the Nouns ecosystem. Thank you."
Always remember to check your sources before interacting with any links or connecting your wallet to websites.
Rally, a platform where users can own fractional shares of assets, announced that it will be giving users the opportunity to own shares of Noun 160 in a recent tweet.
The sale is set to open to the public on Aug. 19 and will retail for $15.00 a share.
Users who wish to access the drop early can enter their email on the official site to purchase a share and receive "free cash to cover a share on us."
For more information on what the Nouns project is check out Lucky Trader's full guide to the project.
Today marks one year since the first Noun, "Noun 0," was minted from the NounsDAO.
Nouns are a CC0 collection where each Noun acts as a membership pass to the Nouns DAO as well as one governance vote on any proposal within the DAO.
Despite only releasing a year ago, the floor price of a Noun currently sits at 96.0 ETH according to the Lucky Trader Project Rankings.
For more on the Nouns DAO check out What Is a Nouns NFT? The Nouns DAO Project You Should Know About.
While Nouns are a CC0 project, it is has seen its IP be used by big brands like Bud Light who featured Nouns in its Super Bowl commericial this year.
Another CC0 project named CryptoDickButts has seen a huge spike in price recently while other projects such as Moonbirds have caught flack in going the CC0 route.
The official Twitter account of the Nouns project, @nounsdao, was hacked late last night. After hackers gained control of the account, messages were sent out regarding a "new DAO pass" with a supply of 100 Nouns. @punk4156 has been providing updates on the situation while attempting recovery of the account this morning.
The malicious tweets have since been hidden from the @nounsdao timeline and the hacker "has been kicked by Twitter," according to @punk4156's latest tweet, but account access has not yet been restored. Users are advised to refrain from interacting with any @nounsdao tweets until @punk4156 gives the final all-clear.
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.
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 Lil Nouns has gained real traction.
What Is a Nouns NFT?
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.
Nouns NFT Traits
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).
Nouns NFT Mint and Auctions
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. The current trait generation algorithm can be changed through the Noun Seeder contract which is controlled or locked by the Nouns DAO.
What Are Lil Nouns?
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 @0xsvg and @adelidusiam. The Lil Nouns are identical to Nouns in terms of traits, except that they’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.
What Is the Nouns DAO?
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 ‘Nounders’ as they’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.
Who Created Nouns NFTs?
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 @gremplin, @punk4156, and Vine co-founder Dom Hofmann (@dhof).
The full list of Nouns Founders is as follows:
- @cryptoseneca
- @gremplin
- @punk4156
- @eboyarts
- @punk4464
- solimander
- @dhof
- @devcarrot
- @TimpersHD
- @lastpunk9999
These 10 founders share control of the multi-sig wallet that receives every tenth Noun released for the first five years.
Nouns DAO Proposals
The Nouns have no defined roadmap but rather operate via proposals made by the Nouns DAO. 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.
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.
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.
