A channel to explore a new legal framework for Nouns DAO, The Wyoming DUNA.

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nouns-duna

An important Nouns Foundation update:

Exploring a New Legal Framework for Nouns DAO | The Wyoming DUNA https://foundation.nouns.wtf/2024/09/06/duna/

Please read and share your feedback using the urls in the post. Thank you. ⌐◨-◨

I've been discussing with some pro-DUNA people to understand their perspective. It seems to come down to a fundamental difference in beliefs about /nouns 

Pro-DUNA people believe that being a conventional legal entity is the only way to collaborate with the largest (web2) brands globally. They see the core purpose of Nouns as being an onchain donation platform for IRL grants, and DUNA is optimized strictly for that.

While I think onchain donations are valuable, I don't believe this is Nouns' strongest purpose. I see the key strengths of Nouns as:

1. Bringing onchain values to the real world — the Nouns brand is a gateway to Ethereum and the principles its community stands for (decentralization, censorship resistance, etc.).
2. Bootstrapping identities — Nouns are among the best PFPs, and offer a fair and open mechanism for anyone to join and participate.
3.  Inclusive participation — community-driven governance structure where the best props get funded.

If there are other reasons I may have missed, please let me know. I want to be sure I am fairly representing the pro-DUNA perspective.

Under DUNA does Nouns still fund media, artists, for profit tech experiments, etc?

Or does the things it funds have to be charity or non-profit?

I’ll vote Yes to the DUNA, primarily because I’m a US Citizen, but I do think it will lead to many Nouns loving members leaving. A brain drain if you will. 

Either they fork into a new DAO or they sell their NFT and leave Nouns forever.

I’d like to see them Fork into a second active DAO proliferating Nouns. We’ve seen benefits to multiple DAOs proliferating Nouns.

Is the founders reward considered paying out to members?

very keen to know the answer to this also. perhaps 5 years should be revised to 3 and founder rewards cease? good question ↓

The Nouns Foundation has posted a candidate proposal: “Establish Nouns DUNA in Wyoming and fund first year of operations”

The Nouns Foundation has posted a candidate proposal: “Establish Nouns DUNA in Wyoming and fund first year of operations”

https://www.nouns.camp/candidates/0x37b8e20646d174b00198b7e183dd1f25520c0f60-establish-nouns-duna-in-wyoming-and-fund-first-year-of-operations

I hope to see the DUNA proposal as a candidate first

loads of discussion in nouncil server if people want to participate in spirited debate

loads of discussion in nouncil server if people want to participate in spirited debate
https://discord.gg/vrxCf3Ny

if duna proposal fails, the next best option will be for those in favour to fork. what is the likelihood of a fork in such case? or does the foundation value provenance of the canonical dao over a forked instance?

If I don’t want to participate in the DUNA transition, can we lower the fork threshold for minorities like me to exit? I don’t think it is fair for smaller holders to force participation in a new legal entity.

It would be great to get thoughts on this. If DUNA is shoved through, a fork is almost certain.

The question is if it will be easy, or if those against DUNA will be stuck in something they no longer want to be a part of.

What am I missing? 

$1.4M grant with no update? 

How do we evaluate the Foundation performance prior to voting to fund it again and fundamentally change Nouns?

Did the DAO ever evaluate foundation performance for 2022 and determine process for 2023 board selection? 

Were DAO members ever involved in any board process during the foundation’s tenure? 

https://discourse.nouns.wtf/t/proposal-fund-nouns-foundation-setup-and-2022-operations/649

keen to gain insight here if possible 

thanks

What would the cost and timeline look like for Nouns DUNA?

፨ Legal Entities for Web3 & DAOs 🎙️Host of Just DAO It! Podcast & /daos Channel 💼 Founder of MIDAO 🟪 Purple 🏴 bDAO nf.td/thethriller

Creating the best legal & regulatory frameworks in the world for digital organizations and digital assets

Hey Nouns,

Recently, I’ve taken an interest in following this channel and commenting on various posts due to my work with legal entity solutions at @midao. Since then, @thethriller and I have spoken to a few Nouns members about our offering, and they recommended we post here for total clarity and to potentially provide some insights.

Before I begin, I want to be fully transparent and upfront with everyone as a sort of “disclaimer.” I’m biased—strongly so. I believe the Marshall Islands DAO LLC is the best entity to incorporate a DAO, which is why I work at MIDAO. Furthermore, I’m not a member of the Nouns, nor is anyone on our team. We may not have all the details or context compared to DAO members, but based on the discussions I’ve seen in this channel, I’d like to provide additional information about MIDAO.