Introduction and methods

Lil Nouns is basically a smaller version of the Nouns NFTs from which it was derived. "Nouns as children", as it says on the Lil Nouns website. That is, they have the same pixel art style and aesthetic as Nouns.

In essence, these NFTs will be the source of funding for Lil Nouns DAO: a DAO expansion based on Nouns DAO. Therefore, the goal of Lil Nouns DAO is to expose more people to Nouns.

One of the most unique things about these NFTs is how they are available. . To explain, instead of releasing an entire collection at once like most generative avatar collections, Lil Nouns smart contracts generate and auction a new one every 15 minutes. Not to mention that this process will, in theory, continue indefinitely. Clearly, this is a riff on Nouns, whose contracts produce and auction an NFT every 24 hours.

In addition to its fascinating release mechanism, Lil Nouns has some other features that NFT purists will love. For example, Lil Nouns NFT art is stored directly on the blockchain, unlike IFPS. Also, the art is CC0 licensed, which means it is in the public domain.

In this dashboard we are gonna analyze the following metrics of Lil Nouns NFTs:

• Voting actions over time
• Daily number of votes and active voters
• New governance proposals over time
• Number of voters by type of users
• Daily type of votes per proposal

Results

Taking a look at the first chart, we can see how the number of voting actions seems to decrease over time. However, there is like a wave pattern maybe started by a new proposal event. The same occurred with the number of votes over time.

In fact, if we take a look at the governance proposal launching chart and compared to the low activity with the number of votes and voters, we can see how the low activity is done when there are no new proposals, and as a consequence, the number of votes and voters decreased as well.

In general, there are few votes coming from smaller holders. Considering smaller holder as a user who holdes 2 or less Lil Nouns NFTs, the activity looks so poor. In the last chart, we can see how the major of the activity was concentrated in the mid proposals.

Key insights

• The number of voting actions seems to decrease over time. The same occurred with the number of votes over time.
• There are like waves of activity, leadered by the launch of new proposals.
• The low activity is done when no new proposals are launched.
• The major part of the activity is done by non-smaller users. However, there are some puntual smaller holders that vote on the system.