Ademide ^_^
@big1oot
Nouns (nouns.wtf): The Open-Source NFT Revolution Nouns are a unique type of Non-Fungible Token (NFT), representing digital assets like art, collectibles, and more. Each Noun is algorithmically generated, resulting in various forms—whether it’s a garlic Noun, pirate ship Noun, doughnut Noun, pineapple Noun, or even a VOID Noun. These forms are entirely determined by the code used during generation.
5 replies
1 recast
1 reaction
Ademide ^_^
@big1oot
What sets Nouns apart is their pioneering status as the world’s first open-source brand. Everything related to Nouns, including their code, exists in the public domain, free of copyright restrictions.
0 reply
0 recast
0 reaction
Ademide ^_^
@big1oot
A key feature of every Noun is their iconic pair of glasses, known as "NOGGLES" ⌐◨-◨, which are integral to their identity.
0 reply
0 recast
0 reaction
Ademide ^_^
@big1oot
The first-ever Noun, a fox Noun, was auctioned on August 8th, 2021, selling for 613 ETH just 24 hours after its launch. The second Noun followed, selling for 69.69 ETH, and the process continues—One Noun, Every Day, Forever. All proceeds from these sales are directed to the Nouns Treasury.
0 reply
0 recast
0 reaction
Ademide ^_^
@big1oot
Owning a Noun means holding a vote in NounsDAO, a Decentralized Autonomous Organization (DAO). Each Noun gives its holder decision-making power over how the Treasury is spent. This collective, democratic approach forms the foundation of NounsDAO’s governance.
0 reply
0 recast
0 reaction
Ademide ^_^
@big1oot
Proposals come from around the globe, with Noun owners voting on them. If a proposal receives enough votes, funds from the Treasury are automatically allocated to the proposer. This structure has given rise to PROP HOUSE (prop.house), where individuals can pitch their ideas. The highest-voted proposals receive funding to bring their concepts to life, making NounsDAO a powerful funding body for creative projects.
0 reply
0 recast
0 reaction