Nouns

One Noun, every day, forever.

nouns.wtf

i continue to find higher fascinating

nouns and higher are both headless brands but the *absence* of the dao seems to make it more obvious to higher fans that permissionless participation is welcome and encouraged

the *presence* of a fungible token also creates more economic alignment amongst the fan base. any fan can buy any amount of $higher that fits for them. there’s a feeling of shared squad wealth that bitcoin has, ethereum has, that higher has but nouns does not bc most nouns fans don’t own nouns nfts

of course the inverse of the above is also higher’s weaknesses. even with a $30m mkt cap, it’s probably hard to coordinate funding $100k+ or $1m+ community projects atm. bitcoin with its $1.5T mkt cap routinely struggles to raise ~$10m / yr for its ~50 core open source devs. tragedy of the commons is a real thing esp as you grow further

HIGHER

/higher solves every issue I had with /nouns

i have to push back a little bit here. yes not having governance is great in many ways. but it also allows you to do stuff like this that i’m very proud of https://www.nouns.camp/proposals/304

nouns has cared for and funded more ethereum public goods than any nft project or memecoin and a big part of that reason is that we do have a collective treasury and a governance process by which it can be spent.

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