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0xen 🎩
@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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ccarella
@ccarella.eth
$Nouns is backed by the Nouns in the Treasury. You can get $Nouns by melting one you own. You can trade in $Nouns for a Noun when you aquire X amount. That's the basic. An erc-20 backed by Nouns..
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JussaBaby.eth🎩
@jussababy
interesting. so they are playing the 404 field without really playing it?
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ccarella
@ccarella.eth
I don't know what 404 means. I don't think anyone will portray it as a memecoin though. It's just adding a fungibility element to Nouns which has been 100% non-fungible to date.
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JussaBaby.eth🎩
@jussababy
Erc-404 is when you tie a 721 to a 20. So it sounds a lot like that, if it's not exactly that
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ccarella
@ccarella.eth
Ah cool. Will read up.
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JussaBaby.eth🎩
@jussababy
They are really interesting. There are quite a few on base. You may have heard of the mainnet ones like pandora, or atesteric. Base has trash/dumpster divers, mystcl, base runners, and plenty more
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