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0xen π©
@0xen
so i'm learning there are 2 nounish coins? who's got the $nogs v $nouns rundown? how are they different, alike? $nogs has first mover advantage and outrageous liquidity. what's the $nouns thesis?
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seneca
@seneca
$nouns is the erc20 form of the canonical nouns nft. at a high level, the thesis is no different than that of the nouns nft as they are the same thing. as for specifics: https://warpcast.com/el4d/0xddc72a34
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0xen π©
@0xen
how has it been decided it's canonical? has there been a proposal that's passed for the erc-20?
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seneca
@seneca
what makes it canonical is that it is the nouns nft itself. ie the proposed $nouns token mech is not a new token per se, it is a contract to convert between erc721 and erc20 formats. so the proposal, if anything, would give canon to the conversion contracts, not any new token.
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