Nouns

One Noun, every day, forever.

nouns.wtf

Based on everything we’ve seen and the info provided, the main goal of shifting toward DUNA is pretty clear: getting money into the treasury from hypothetical future investors. But that only happens if, post-DUNA, they somehow pull off the 501(c)(3) status, which honestly seems like a long shot. Plus, with all the social capture and conflicts of interest we’ve already seen with the foundation, it’s hard to be optimistic about web2 companies jumping into Nouns. Their priority will be securing their interests, not backing degen moves. 🤔

Self-taught Software Developer | Freelancer | Crypto and Web3 enthusiast | Passionate about coding, decentralization, and exploring the future of the internet

why do we need 5013c to raise $ from investors

bringing the makers together 

/nouns /vrbs

Both 501c3 and 501c7 offer tax-deductible benefits to non-profits, but let's be real, auction demand is dropping, and current auctions are mostly scripted. Some folks are eyeing the treasury's future through those tax benefits, though I'm highly skeptical it'll actually pan out.

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| sovereign | post-rich | 🇺🇸/acc | remilio

Yeah, I think I mixed up tax benefits with tax deductions. From what I’ve seen, 501(c)(7) clubs do get some tax perks, but only 501(c)(3) organizations actually give you that sweet, tax-deductible status for donations. If I’m not mistaken, 501(c)(7) benefits are more about the club itself not being taxed on member income, but members can’t claim a deduction for their dues.

c7, and all other forms of 501c’s except c3, do not offer tax benefits to donors/ money in, they only exempt the organization from paying federal taxes

yea im just saying vcs already bought nouns last cycle and we weren't a c3