Rough notes collected via twitter spaces. These notes do not necessarily represent my own thoughts/beliefs. 4156 speaking about nounsnouns are collectibles but membersnouns.wtfsharkDAO similar?Takes about 27 years to get to 10,000ETH from noun action gets sent to DAOnouns create and vote on proposals to determine how funds are usedAs DAO continues to grow and collecting a member every single day, organization’s aims can shift6 developers, 4 artistsBecause all proceeds go into nouns DAOEvery 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 periodIf project fails will probably not be because of inflationnouns not as inflationary as it could bedon’t know what’s optimal re: inflation so…Not intended to be an investment fundIf you wanted to make it that, there are more direct ways to structure thingsIs 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 investmentBecomes uninteresting if dominated by whalesImagine cryptopunks DAO, and giving aliens unequal influence…Equality constrains the price1 noun = 1 votethe amount people are willing to pay is constrained by this fact McDonalds Monopoly game will probably eventually be NFTEliminates counterfeiting issues vgf.ethEpic best positioned to be blockchain backedRobloxPeople in countries like the Philippines able to have careers Axie InfinityIn US where cost of living is higher, might not make as much senseBut there are full on micro-economies in other countries based on play to earnhttps://yieldguild.io/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. vgf.ethOn1force potentialCool CatsStill great value in pixel vault ecosystem even though still expensiveSome underpriced 1/1sSome artists telling their story, in it for the long haulBase gas…cost to get in the door…based on transaction volumeThen hand shake to doorman, bribe to get in, is premium you’re paying to skip
Rough notes collected via twitter spaces. These notes do not necessarily represent my own thoughts/beliefs.