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Notes 0005

By Alex on September 15, 2021

Rough notes collected via twitter spaces. These notes do not necessarily represent my own thoughts/beliefs.

  • 4156 speaking about nouns
    • nouns are collectibles but members
    • nouns.wtf
    • sharkDAO similar?
    • Takes about 27 years to get to 10,000
    • ETH from noun action gets sent to DAO
  • nouns create and vote on proposals to determine how funds are used
    • As DAO continues to grow and collecting a member every single day, organization’s aims can shift
    • 6 developers, 4 artists
    • Because all proceeds go into nouns DAO
    • Every tenth DAO for 5 years get sent to “nounder’s” multi-sig – ten people.
    • Difficult to gauge, but will probably be fair compensation after 5-year period
  • If project fails will probably not be because of inflation
    • nouns not as inflationary as it could be
    • don’t know what’s optimal re: inflation so…
  • Not intended to be an investment fund
    • If you wanted to make it that, there are more direct ways to structure things
    • Is about culture, memes, community, identity – all of those fun, interesting things; bonus feature is that treasury is available for participants to grow the meme, the culture, the brand. Ideally the funds will be spent to grow the nouns.
    • Not built around proportional ownership based on investment
    • Becomes uninteresting if dominated by whales
    • Imagine cryptopunks DAO, and giving aliens unequal influence…
  • Equality constrains the price
    • 1 noun = 1 vote
    • the amount people are willing to pay is constrained by this fact

  • McDonalds Monopoly game will probably eventually be NFT
    • Eliminates counterfeiting issues

  • vgf.eth
  • Epic best positioned to be blockchain backed
  • Roblox
  • People in countries like the Philippines able to have careers Axie Infinity
    • In US where cost of living is higher, might not make as much sense
    • But there are full on micro-economies in other countries based on play to earn
  • https://yieldguild.io/
    • According to @RealJonahBlake, what yield guild will buy up series of characters across metaverse games, and will allow people to borrow the character. So person can play with character with character, but must share what they earn. Characters are cost prohibitive in other countries.

  • vgf.eth
  • On1force potential
  • Cool Cats
  • Still great value in pixel vault ecosystem even though still expensive
  • Some underpriced 1/1s
  • Some artists telling their story, in it for the long haul
  • Base gas…cost to get in the door…based on transaction volume
  • Then hand shake to doorman, bribe to get in, is premium you’re paying to skip

0n1forceAxie InfinityCool CatsDAOsEthereumIncentiveInflationMcDonaldsMetaversenounsDAOPixel VaultsharkDAO
Posted in Crypto, Economics, Gaming, Media, Notes.
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