Noun 40
@noun40
main learnings: 1. fungible token is just much much easier to "dabble" in. i initially bought a small amount to just be supportive to @martin and @six. but the crazy thing is that once you dabble, you become interested. i started checking /higher daily and stayed tabs on what's happening
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Noun 40
@noun40
2. fungible token makes @rounds (and tipping) in the native token possible. in the /nouns channel you earn eth. in the /higher channel you earn ↑higher. when i earned ↑higher, i liked it more. pretty intuitive to the $degen ppl but i wasn't part of the $degen tipping culture so i didn't know this first hand
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Noun 40
@noun40
3. it feels much more like "money" and the trading UX is much nicer. ↑higher just literally shows up on my rainbow wallet. 24hr price change shows up. i can tap "swap" to buy/sell via onchain liquidity immediately. i ended up buying a few times more b/c the friction was so low.
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Noun 40
@noun40
all of this is making me even more convicted on the idea that we should launch $nouns (nouns backed fungible token; for example 1 nouns = 1,000,000 $nouns) i think it would 100x the economic owners of nouns by allowing ppl to dabble or earn small amounts and i'm pretty sure it gets ppl to pay attention / care
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Noun 40
@noun40
more on the $nouns idea: https://warpcast.com/noun40/0x20a27de6
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toad
@battletoad
Good insights, I feel like some NFT projects could make great use out of something like the ERC404 standard or otherwise tokenized NFTs
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Noun 40
@noun40
i’m meh on erc404. i don’t think it would work with nouns bc it does a bit of a hacky auto mint when balance goes above certain amount and auto burn when goes below. i think much cleaner to have a canonical conversion contract anyone can engage with.
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