SHOULD NOUNS DAO'S TREASURY STOP BEING SPENT? | 4156 at The Noun Square
4156 on the Future of Nouns DAO, Overpayment of Services at Nouns DAO, Decrease of Nouns Treasury and much more⌐◨-◨
We have a special article about the Nouns DAO Treasury that is currently receiving a lot of attention today. The Nouns Builder Proposal (1000ETH) and the Gnars Proposal (694,2ETH) significantly increased the debate around the use of the Treasury during the past few weeks. It is one of the most significant discussions in the DAO's history, and we think you should all be aware of the various viewpoints that are present in the community.
FOMO
Today we have seen the appearance of a new Snowman with a Gunk T-shirt and "DAO" written on it. The Noun 555 has taken 30 minutes to choose it through FOMO, it is a very round number (555) that has appeared in such a special day as Christmas Day.
NOMO
Today we have saved a very special Noun to become the Nomo Noun of Christmas Day, it is a Horse Noun with a Darker Grey t-shirt with a drawing of noggles on it. Although we usually encourage you to mint a Nomo Noun, today we especially encourage you to be part of the first TNS Christmas program.
SHOULD NOUNS DAO'S TREASURY STOP BEING SPENT?
The Nouns DAO Treasury now has $30,000,000 and is seen as conceptually being extremely distinct from the other treasuries of the other DAOs. As a starting point, we'd like to discuss the role of the treasury and the various theories that Nouners have about it.
There has recently been the rise of a group of individuals who believe the treasury is referred to as a long-term resource that supports the DAO; the DAO's expansion shouldn't be financially supported. Instead of the other way around, the DAO's wise judgments should be the means by which the Nouns brand becomes internationally recognized. Getting the governance to make the best decisions for Nouns DAO should be the main emphasis of the DAO's activities. Hindsight has stated that he thinks you need to have "complicated" governance that offers certainty when giving DAO funding to a proposition, even though it should be a brand that is simple for the general public to understand.
Although some Nouners agree that it is critical to allocate funds efficiently, it is not only dependent on the percentage of the Treasury that a Noun represents. Communities like Crypto Punks have been able to communicate their stories and have attracted attention from the general public; as a result, the value of these NFTs has significantly increased. Nouns DAO must continue to concentrate on expanding the brand in a sustainable way. It is crucial to have a strong brand and to accomplish nounish activities. It's important to consider the situation Nouns is in since it's attracting more and more builders to the Nouniverse and because the Treasury provides Nouns DAO the power to harm us on a much bigger scale than Crypto Punks did.
Punk 4156 has expressed a viewpoint that is considerably different from that of the other Nouns sections, stating that he believes the Treasury's sustainability argument is false. He doesn't think the brand's growth should be slowed down; on the contrary, he thinks we should keep helping the DAO's brilliant builders and looking for new ways to disseminate the Nounish spirit globally. He contends that it is inappropriate to measure the success of Nouns in the context of a general bear market, where the NFT market's volume is down 95% from its peak. Since last year, the builders' work has grown tremendously, including hundreds of people in the creation of their products within the Nouniverse and bringing noggles to the screens of millions of people.
Since the beginning, we have worked to enlist the best builders to carry out their plans and exhibit their concepts in order to spread the meme. Given how special Nouns is and how it came to be in the position it is in today, the discussion concerning governance needs to be taken extremely seriously.
We want to talk about one of the most popular subjects from the past few months before we wrap up. In the proposals that have been approved over the past few months, Nouns DAO has paid more than the "market price," and this has raised the worry of some DAO members. We would like to respond to this topic by quoting a few phrases from Punk 4156 that we believe are essential to comprehending a choice that initially appears to be "financially imprudent." Regarding the Nouns proposal mechanism, Punk 4156 has reiterated its opinion that it is the ideal tool for obtaining a fair price. Due to the DAO's inability to find builders, it was pushed to overpay for services provided. As a result, many builders entered the ecosystem; some did so just for financial gain, but many others stayed because they loved the community and Nouns DAO. The proposals are becoming more and more competitive as more builders compete for ETH, and this will help us locate nounish services that are produced at "market price."
Since Nouns is a project created by and for the community, we believe it is crucial to share these visions for the DAO. Your opinion matters a lot and has the power to alter the course of events. In order to get more people in the community involved in this discussion, we encourage you to share this article and your thoughts on this topic.
