Bankless The Nounders | 4156, VapeApe, Seneca | Nouns DAO Series Ep #1
Aug 2, 2022
Seneca, a co-founder of Nouns DAO, dives into the innovative world of decentralized governance and community building within the Nouns ecosystem. They discuss the unique auction model that promotes inclusivity and the artistic collaboration behind creating the 'nouns' digital artworks. Seneca shares insights on the Nouns' rarity approach, the significance of community engagement over traditional hierarchies, and how Nouns DAO is reshaping funding in the blockchain landscape. Expect a vibrant exploration of culture, governance, and the future of NFTs!
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Nouns DAO Origin
- Nouns DAO was inspired by CryptoPunks but aimed to improve its crypto-native aspects.
- 4156's tweet thread serves as the Nouns whitepaper.
CryptoPunks vs. Nouns
- CryptoPunks lacked on-chain organizational structure and a fair distribution mechanism.
- Nouns aimed to address these by implementing a DAO and continuous auction.
Noun Distribution Mechanism
- Nouns DAO utilizes a continuous auction distribution mechanism, minting one Noun per day perpetually.
- This model has inspired other projects like little Nouns.