Tessera Introduces Nounlets

Tessera Introduces Nounlets

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.

More about Nouns

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. 

At the time of publish, the Nouns floor price sits at 32 ETH, and has stayed relatively flat over the past 24 hours on 25 ETH volume of transactions. Over that same timeframe, no sharp wallets have bought or sold NFTs in the the Nouns collection. Catch up on other recent Nouns news here.

Recent Nouns Sales

#227sold at 11/28 6:11pm for
25.0
#354sold at 11/27 12:11am for
25.3
#259sold at 11/24 3:11pm for
27.7
#227sold at 11/19 8:11am for
25.0
#354sold at 11/19 8:11am for
25.0

Recent Nouns Listings

#367listed at 11/28 3:11pm for
32.0
#367listed at 11/28 3:11pm for
32.0
#133listed at 11/26 4:11pm for
30.0
#133listed at 11/26 4:11pm for
30.0
#327listed at 11/25 8:11pm for
60.0
Disclaimer: The author or members of the Lucky Trader staff may own NFTs discussed in this post. Furthermore, the information contained on this website or the Lucky Trader mobile application is not intended as, and shall not be understood or construed as financial advice.
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