Every day for the rest of eternity, one Noun will be auctioned to the public. Punk4156’s ambitious and experimental fundraising project aims to build an everlasting culture for cryptocurrencies and NFTs as a whole. Supergremplin, eBoy, and David Horvath are amongst the various artists designing these 32x32 pixel generative art pieces that depict common themes in life. Nouns are distinguished by th...+ expand
Cultural Significance
All the proceeds from Nouns auctions are directed towards the Nouns DAO treasury, which is dedicated towards funding projects that push the boundaries of decentralized culture including dapps and primitives. To help determine which projects receive funding, each Noun counts as a governance vote for the DAO.+ expand
Metrics
The genesis Noun, a fox with purple and pink glasses, sold for 613 ETH. As of Noun #73, 9955 ETH has been raised for the Nouns DAO treasury. These pieces are fiercely sought after and very few have ever been listed on the secondary market.+ expand
Risks
Cryptocurrencies are inherently risky, and emerging asset classes like NFTs are no exception towards the rule. The value of each Noun is a combination of the art itself, its fractionalized portion of the Nouns DAO treasury, and the value of a governance vote. As each Noun gets released into the market, the value of those things may become diluted in the future.+ expand