Nouns
Nouns, an experimental attempt to improve the function of the on-chain avatar community, works at the intersection of cryptocurrency, governance, intellectual property, NFTs, and philanthropy. One noun is generated per day - a 32x32 pixel character based on people, places, and things that sell for as high as 232 ETH each. It attempts to bootstrap identity, community, governance and a treasury that can be used by the community.
ABOUT NOUNS
Nouns artwork is in the public domain.
One Noun is trustlessly auctioned every 24 hours, forever.
100% of Noun auction proceeds are trustlessly sent to the treasury.
Settlement of one auction kicks off the next.
One Noun is equal to one vote.
The treasury is controlled exclusively by Nouns via governance.
Artwork is generative and stored directly on-chain (not IPFS).
No explicit rules exist for attribute scarcity; all Nouns are equally rare.
Nounders receive rewards in the form of Nouns (10% of supply for first 5 years).