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Nouns (on a budget) 👛

metaversal.banklesshq.com

Nouns (on a budget) 👛

Getting Nounish without breaking the bank!

William M. Peaster
Sep 22, 2022
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Nouns (on a budget) 👛

metaversal.banklesshq.com

Metaversal is a Bankless newsletter for weekly level-ups on NFTs, virtual worlds, & digital collectibles


Dear Bankless Nation,

Nouns DAO, the one-a-day experimental avatar community, is one of the most interesting and promising NFT projects around. 

Free glasses for kids, earth clean-up campaigns, an Esports team, 100 ETH in aid to Ukraine — these are just some of the causes this open brand collective have backed to date, and the group has plenty more powerful collaborative efforts to come. 

The most straightforward way to become a Nouns DAO voter is to buy a Noun, but the going rate for one of these NFTs is ~70 ETH right now, and that price is simply out of reach for most people. 

The good news? There’s a growing range of avenues to get meaningfully involved with the Nouns project without having to spend beaucoup ETH!

Twitter avatar for @js_horne
jacob ☼ @js_horne
Three things happening more or less at once: 1. Prop House v2 2. Nounlets 3. Nouns Builder
4:04 PM ∙ Sep 22, 2022
55Likes6Retweets

For today’s Metaversal, let’s explore some of the ways to dive deeper into the Nouns community without needing much, if any, upfront capital.

-WMP


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🎨 Are you an artist?

Then Bankless would love to see your portfolio! The team is currently working on its first NFT project, and we’re on the hunt to hire a digital artist to collaborate with us. If you’re interested, please reach out through our submission form. Thanks kindly!

Twitter avatar for @BanklessHQ
bankless.eth @BanklessHQ
DIGITAL ARTISTS 🎨 We want you to come work for us on a super top-secret NFT project 🤫 Interested? Show us your portfolio: tally.so/r/mY5qq5
tally.soBankless Artist Submission FormMade with Tally, the simplest way to create forms.
8:55 PM ∙ Aug 18, 2022
60Likes17Retweets

4 free or low-budget ways to get Nounish


1) Prop House

Prop House, short for Nouns Proposal Auction House, is an experimental system Nouns DAO uses to deploy some of its ETH holdings. 

The system offers multiple “houses” for various NFT communities to use, but its most prolific house so far has been the Nouns Launchpad, where people effectively bid on ETH with their ideas for Noun community proposals. Noun holders then vote on their favorite proposals, and the top bids win 1-5 ETH each depending on the round’s prize parameters. 

Accordingly, the Launchpad goes through proposal and voting periods, so the system is round-based and not constantly open. However, when rounds are open, anyone with an Ethereum address can freely make proposals and try their hand at earning some ETH!

Twitter avatar for @cryptoseneca
seneca.⌐◨-◨ @cryptoseneca
nouns launchpad round 10 marks ~6 months of 1-5 ETH open funding rounds. so far, for this house: - 360 props received - 69 builders funded - 151 ETH deployed sharing some of my favs from this round 👇
7:49 PM ∙ Sep 22, 2022
12Likes4Retweets
Twitter avatar for @cryptoseneca
seneca.⌐◨-◨ @cryptoseneca
NounsDAO ZKP Private Voting Develop and experiment with nounsDAO private voting using ZK-proofs of membership. Cool experiment + talented builder. By: @tzz24 Prop: prop.house/proposal/1432
Image
7:49 PM ∙ Sep 22, 2022
Twitter avatar for @cryptoseneca
seneca.⌐◨-◨ @cryptoseneca
NOUNS LATAM (Latin America proliferation) 🌎 Continue to fund the efforts of two passionate builders to spread the word about Nouns to LATAM. By: @psychdre_eth @AngieluxD Prop: prop.house/proposal/1454
Image
7:49 PM ∙ Sep 22, 2022
6Likes3Retweets

Of course, the proposals that stand the best chance of winning in the Launchpad’s rounds must be cleverly Nounish, since “all things that further proliferate Nouns culture are encouraged” by Nouns DAO. 

That said, you don’t have to propose a massive effort, as your proposal can be for an initial trial or piece of a larger segmented project. If one of your proposals does end up winning, it’s then on to the building at hand. 

“As the winner of a funding round, you’ll receive the round’s funding amount and be invited to the Prop House builders Discord,” the Prop House FAQ explains. “You’ll have the support of the Nouns community to complete your proposal and apply for follow-on funding if needed.”


2) Tessera’s Nounlets

Twitter avatar for @tessera
Tessera @tessera
We do a little front-running the merge news with a Nounlets announcement🫡 medium.com/tessera-nft/wt…
medium.comWTF are Nounlets?!Nounlets are a new way to own an individual Noun, together.
4:46 PM ∙ Sep 14, 2022
228Likes50Retweets

Tessera, freshly rebranded from Fractional, recently introduced Nounlets, a new way to collectively own an individual Noun.

Simply put, each Nounlet is 1/100th of a full Noun. This is made possible by Tessera’s vaulting system, which can take a Noun deposit and vault it into 100 Nounlet NFTs. 

All of these Nounlet NFTs share the same head as their base Noun, but they all also get additional unique traits, meaning no two Nounlets are just alike. Most importantly, though, each Nounlet holder gets a 1% voting right over the base Noun, so Nounlets offer a means to make proposals directly to Nouns DAO and to participate in the collective’s community votes without having to purchase a full Noun outright. 

Tessera hasn’t launched its Nounlets application yet, but since each Nounlet is 1/100th of a Noun, I assume out of the gate that we’ll see these NFTs initially auction in the 0.6 ETH to 1 ETH range each. To learn more about what’s to come, be sure to check out Tessera’s new Nounlets FAQ by Deeze. 


3) Lil Nouns

Image via lilnouns.wtf

Lil Nouns is a fork of Nouns DAO that uses miniaturized Noun avatars and auctions off one of its NFTs every 15 minutes instead of once a day. 

So far, the Lil Nouns community has used its ETH funds to buy 7 Noun NFTs, meaning the group can collectively vote on how these NFTs are used to vote in Nouns DAO proper. 

In other words, if you hold at least 1 Lil Noun NFT, then you can directly participate in Nouns DAO votes via the Lil Nouns governance dashboard. At the time of this post’s writing, the floor price for the collection was ~0.15 ETH. 

Image via gem.xyz

4) Nouns Builder

Twitter avatar for @nounsbuilder
❘ ❙ ❚ Nouns Builder @nounsbuilder
Image
4:49 AM ∙ Aug 10, 2022
59Likes6Retweets

In development by Zora, Nouns Builder is a platform that will make it simple for people to upload art and then customize and launch their own Nouns DAO forks. 

Before this resource, it would take a developer to fork out and remix upon the Nouns project. Now with just a matter of a handful of clicks and for the price of an Ethereum transaction, anyone can create their own Nounish community and set their NFT drops’ reserve prices, timing, governance parameters, etc. 

Twitter avatar for @nounsbuilder
❘ ❙ ❚ Nouns Builder @nounsbuilder
Nouns Builder update: ↳ Public audit starting next week with @code4rena ↳ Launch soon after How to get your art ready: ↳ Simply emulate the structure of Nouns DAO: a folder per layer in ascending order. We make it easy to upload!
Image
Image
Image
8:50 PM ∙ Jul 26, 2022
77Likes11Retweets

Note that Nouns Builder is currently being audited but will be launched to the public shortly thereafter. Then you can join the Nounish ecosystem with your own project, perhaps earn a “house” for your community in Prop House, and beyond!


Action steps

  • 🧐 Check out Prop House, Nounlets, Lil Nouns, and Nouns Builder if you want to get Nounish on a budget

  • 🎨 If you’re an artist or know an artist interested in working with Bankless, please reach out through our portfolio submission form!


Author Bio

William M. Peaster is a professional writer and creator of Metaversal—a Bankless newsletter focused on the emergence of NFTs in the cryptoeconomy. He’s also recently been contributing content to Bankless, JPG, and beyond!


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Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.


Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.

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Nouns (on a budget) 👛

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Terry Hill
Sep 23, 2022

How do I unsubscribe from your emails

???

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