What is Nouns?

Nouns is a generative non-fungible token project on the Ethereum blockchain. Nouns are 32x32 pixel characters based on people, places, and things. One noun is generated every day.

Noun Auctions

One noun is auctioned every 24 hours, forever. One interface for participating in noun auctions is nouns.wtf, which is a website built and maintained by the project founders or 'Nounders'.

Proceeds from the Nouns auction will be automatically and trustlessly sent to the Nouns DAO Treasury and the ERC-721 token will be transferred to the successful bidder.

> Till date, 364 Nouns have been minted

Proposals

Nouns use their voting abilities (remember, 1 Noun = 1 vote) to direct the treasury. Nouns can create and vote on governance proposals, which execute transactions on the ethereum blockchain when they are approved.

How to submit a governance proposal?

Any Noun owner may submit a proposal to the DAO so long as they meet the minimum threshold of 0.5% of the total NOUN supply (1 NOUN until Noun #200) is required to submit proposals.

List of all the proposals, with the respective proposer wallet addresses are mentioned below:

Who can participate in a NounDAO governance proposal vote?

Anyone who owns a Noun has voting rights and 1 Noun = 1 Vote.

Below we will see the participation of noun holders in governance:

Conclusion

• The very first noun, “Noun 0” was minted on 8 August, 2021.
• 1 Noun was minted every 24 hours since then.
• A total of 364 Nouns have been minted until 3 July, 2022.
• A total of 38 Noun holders have submitted at least 1 proposal.
• A total of 104 proposals were submitted till date.
• Participation in submission of governance proposals also increased over time. More than half of the proposals were submitted in the last 4 months.
• With the increase in number of Noun holders, the participation in the governance voting has also increased.
• Proposal 95 [] scored the most votes, and all of it were FOR the motion.
• Analysing the on-chain voting pattern for NounsDAO, the highest participation by unique voters was seen for Proposal 90 [] with 33 noun holders casting their vote. Out of those 31 voted for yes and 2 voted no.
• Proposal 81 [] got defeated with the most voters going against the motion - with 23 unique noun holders voting No. Total votes against the motion were 83.
• Proposal 89 [] got defeated with most number of votes against the motion - 89 votes against the motion.
• We can clearly see that the number of votes have also increased with a noun minted with each day passing. To conclude the participation in the governance proposals has increased.
• Proposal 86 [] got the most “abstain” votes. 77 votes to abstain from the motion.