nouns create and vote on proposals to determine how funds are used
As DAO continues to grow and collecting a member every single day, organization’s aims can shift
6 developers, 4 artists
Because all proceeds go into nouns DAO
Every tenth DAO for 5 years get sent to “nounder’s” multi-sig – ten people.
Difficult to gauge, but will probably be fair compensation after 5-year period
If project fails will probably not be because of inflation
nouns not as inflationary as it could be
don’t know what’s optimal re: inflation so…
Not intended to be an investment fund
If you wanted to make it that, there are more direct ways to structure things
Is about culture, memes, community, identity – all of those fun, interesting things; bonus feature is that treasury is available for participants to grow the meme, the culture, the brand. Ideally the funds will be spent to grow the nouns.
Not built around proportional ownership based on investment
Becomes uninteresting if dominated by whales
Imagine cryptopunks DAO, and giving aliens unequal influence…
Equality constrains the price
1 noun = 1 vote
the amount people are willing to pay is constrained by this fact
McDonalds Monopoly game will probably eventually be NFT
According to @RealJonahBlake, what yield guild will buy up series of characters across metaverse games, and will allow people to borrow the character. So person can play with character with character, but must share what they earn. Characters are cost prohibitive in other countries.
Notes 0005
Rough notes collected via twitter spaces. These notes do not necessarily represent my own thoughts/beliefs.