One Noun, every day, forever.

nouns.wtf

Nouns

a high conviction nouns thought that i developed during the bitcoin etf led nouns break was that we need a fungible token for nouns 

(i'm aware of nogs but we need something redeemable for actual nouns + has real liquidity; nftx was a thing for a bit but never had liquidity)

i’m still convinced that $nouns (nouns backed fungible token; for example 1 nouns = 1,000,000 $nouns) should happen

if you have thoughts on the matter share them here in replies or dm me!

unless there’s meaningful pushback i’m gonna start pushing for it harder soon

I really feel like this should be integrated with NNS and $NOGS somehow

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well if the point is that $nogs is already a fungible token associated with nouns so we should use that i disagree. the main point here is to make a fungible token that you can redeem for nouns

the funding for NNS was primarily a grant to work on the naming service imo! ($nogs is an incentive added to NNS but not what the dao funded as the target output)

also the “work” here is not really the eng hours in building out the mint / redeem smart contract. so the reuse eng efficiency argument feels weak to me

Nouns DAO has funded 195+2E + $243,000 (over $1M marked to market at time of writing) for $nogs and NNS

the point is with auction prices trending downward, modulating a project the DAO has already spent $1m on would seem more prudent than starting from scratch

am wondering how this qualifies as a public good though

$nogs is distributed directly based on participation though, isn’t that a solid foundation for earning a token redeemable for nouns?

I guess a better question is - how do you see people earning this other new token?