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Lulu
@nekofar.eth
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. 🤔
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rocketman
@rocketman
why do we need 5013c to raise $ from investors
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Lulu
@nekofar.eth
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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rocketman
@rocketman
yea im just saying vcs already bought nouns last cycle and we weren't a c3
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