Nouns

One Noun, every day, forever.

nouns.wtf

thoughts ?

working on a proposal for canonical nouns, using ERC6551, like l00t.world

a new take on droposals?

oh wow i’m changing my mind. looking at it this way it’s super fun and I love it. 

we’ve always been like “just make any noun you want in the playground and use it as your pfp!” but ppl have always found it non intuitive. maybe this is the better invitation to play with nouns art and make it your own.

exactly! what do you think of the distribution mechanism for the NFTs? i was thinking VRGDA for head and glassess (more rare/noteworthy) and open edition for the rest at a reasonable price

that way we don't set a market price, just choose the distribution rate (i.e. 3 Capybara Heads per year) and let it run

I think scarcity creates value - people don't use a playground Noun or any other Noun derivative because it doesn't feel unique. If anyone can copy my Noun for $5, it's not as valuable.

If we do OE and set the price once, I'm nervous about either over or underestimating demand, which could throw off the whole thing.

i kind of want to say it should just all be a fixed price. VRGDAs are good when you want to maintain scarcity (more dynamic than daily auction but still long term guarantee on issuance rate) but why do we want that? this is leaning in the OE direction (not meant to be scare) and we should fully lean into it