Nous DAO
Nouns attempt to bootstrap identity, community, governance, and a treasury that can be used by the community
What is does?
At the core of Nouns DAO is Nouns, generative NFTs on the Ethereum blockchain. They are based on people or places and are generated on a daily basis. They are part of the public domain. They fuel the growth of the Nouns Protocol and governance of the whole organization.
How does it work?
Nouns DAO utilizes a fork of Compound Governance and is the main governing body of the Nouns ecosystem. The Nouns DAO treasury receives 100% of ETH proceeds from daily Noun auctions. Each Noun is an irrevocable member of Nouns DAO and entitled to one vote in all governance matters. Noun votes are non-transferable (if you sell your Noun the vote goes with it) but delegatable, which means you can assign your vote to someone else as long as you own your Noun.
Why is this important?
It's progressively decentralized infrastructure will eventually attract enough builders to serve as the substrate to more complex, public-facing web3 applications. The Nouns protocol has created a decentralized way of build a sustainable framework for the builders of the future.
Technical analysis, foundational papers, must-reads.
Developer documentation, examples, seeds.
