Nouns

One Noun, every day, forever.

nouns.wtf

Whats the best argument for Nouns NFTs appreciating in value [at some future point] and how do we get there?

Nouns becomes a 501c3, over the next 18-24 months we partner with X amount of large corporations, they all put in more money to the treasury than they take out. 

treasury is then mid-high 8 figs + we now have an ongoing Nouns x Coinbase partnership, a Michelin tire company collab, a Crocs shoe collab, + 10 others that have Nouns in the cultural limelight 

with more capital to distribute via flows & props, and a track record of big collabs that put Nouns into pop culture, plus American crypto regulations quickly gaining clarity and normality, seems bullish

probably not ever going to smart for the auction to be the primary revenue part of the memetic flywheel though tbh. let’s go get that corporate money and do some good with it

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i think you nailed it

by definition as a DUNA, NFT buyers are not making an investment; there’s no claim to the treasury outside of grant making. if they want to speculate on their grant voting right beanie baby appreciating in value, that’s on them

auction floor = cost of having a vote on grants = value derived by Nouns’ ability to draw in people who have genuine interest in governance and impactful grant making, basically the market’s perceived value for entry into the network of people

some others have mentioned holder benefits and could do a little bit (ie free merch bags for holders at Nouns Town) but imo since bylaws say we’re a grant making body, best thing is to align the in/out capital incentives for grant making via 501c3 & build a robust culture of “Nouns funds tech/art/grassroots impact. we make grants via flows & NFT-based governance”

let the corps & high net worth people fund operations, let the membership be a serendipity machine for interesting people who fit Nouns

yeah so the value of the nfts are then derived from how much money is in the treasury? ie the book value?

if majority of funds come via partnership and straight treasury injections (not via auction), its not clear why the nfts would hold substantial value

except for the function of "protecting"/managing the treasury funds, which is something

it just ends up being 2 separate functions:
- treasury injections via partnerships/fundraising
- nfts sold to offer a seat at the managerial table (but unlikely to be a solid investment, more of a status symbol perhaps)