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Elad
@el4d
gm, @davidbr and I are working on the $nouns token, backed by Nouns. 1M $nouns <-> 1 Noun NFT. you're invited to read this short spec doc and reply with your feedback. thanks! https://docs.google.com/document/d/1Uz4l8bAPaA2_gsUVZsZo_1dAmggAiYIn5sYba1IK10Q/edit?usp=sharing
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rafa
@rafa
When I read this, my first impression was “now I can _melt_ a Noun into $nouns” To clarify, the only way to get $Nouns is to deposit a Noun into the contract, therefore supply is still restricted correct? The implication seems to be: 1/n
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rafa
@rafa
if we add this functionality, anyone can write a proposal to _melt_ one or more treasury Nouns and airdrop $nouns to a variety of new builders / fans — creating a new type of engagement method and potentially governance signal process.
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rafa
@rafa
Furthermore, it allows anyone with one or more Nouns to _melt_ theirs to be able to purchase items denominated in $nouns — or sell their $nouns if the market premium exists for the fungible asset.
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