Content
@
0 reply
1 recast
1 reaction
Amir Bandeali
@amir
Sharing an idea I had a while ago since we're seriously talking about $nouns: You can decompose a noun into a fungible token (w/ gov rights) and an NFT (similar image, no gov rights). A combined noun can potentially have some extra benefit/rights. Good idea or more complexity than it's worth?
4 replies
2 recasts
43 reactions
Elad
@el4d
Are you imagining a different fungible token for each Noun you decompose?
1 reply
0 recast
0 reaction
Amir Bandeali
@amir
Same fungible token. Say you get 1M $nouns and 1 decomposed noun NFT, which you can always combine to convert back to a regular noun.
1 reply
0 recast
0 reaction
Elad
@el4d
And how is the same-image NFT minted? E.g. is a single copy minted when you convert a Noun into fungibles? Can any holder of fungibles mint any image?
1 reply
0 recast
0 reaction
Amir Bandeali
@amir
The former. Deposit a noun into a contract to mint the same-image NFT + batch of $nouns. Burn the same-image NFT + same amount of $nouns to redeem that original noun from the contract. You end up creating separate markets for the art and the gov power.
2 replies
0 recast
2 reactions
Elad
@el4d
Cool cool!
0 reply
0 recast
0 reaction
