How to See the Present Through Rose Tinted Glasses

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Dows are very public and entirely on chain, which is a superpower. Anyone who owns an NFT could literally put a proposal to take all of the ETH at any moment. So it's still an open question if these dows can sustain themselves purely on meme value alone. And then I guess like number five would just be like there could be smart contract bugs or unforeseen incentives that start to play out as this gets way bigger and way more complexes in the ecosystem.

Nouns DAOs are having a moment in the spotlight, with Jacob Horne —founder of Zora — as one of the more prominent evangelists. In this conversation, Jess and Jacob discuss a core question: Why are ERC721 tokens (NFTs) a more compelling form of ownership than ERC20s? They explore the connection between Nouns DAOs and hyperstructures, and a compelling take that forkability is additive to the ecosystem as a whole. Nouns DAOs enable localized nodes of functionality, thereby increasing optionality and infinite possibilities for proliferating a community meme. Communities exist, communities want to do things together, and they need a medium to do that — the Nouns model provides the tools to do exactly that.