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How Ethereum NFT Project Nouns Is Building Open-Source IP

From decrypt.co

Launched in August, Nouns stands apart from many other Ethereum-based avatar projects with a couple of unique hooks. It produces and auctions just one pixel character NFT per day, which consistently sells for hundreds of thousands of dollars’ worth of ETH, and then all of the funds go into a shared treasury that Nouns NFT holders collectively oversee. Since its debut, Nouns has flourished as it seeks to establish viable open-source intellectual property (IP). Nouns has its own DAO (or decentralized autonomous organization) of owners who vote on proposals for spending its pile of ETH. Plus, it has spawned collector ... (full story)

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  • Category: Fundamental Analysis