nouns

ChainCatcher news, according to The Block, three years ago, the Nouns community approved a proposal to invest 135 ETH (approximately $150,000 at the time) in a project called MOOØNBEANS, which planned to produce and sell high-end roasted beans using a recipe provided by Sublime Butter (a handmade butter company based in the UK). However, three years later, the project has not produced any canned roasted beans, nor is there any clear indication of where the funds went.Tony Ho, a director at Sublime Butter, stated that the funds were never used for the company, and that the company removed founder Chris Mair as a director in July 2023, accusing him of fraudulently using the brand for fundraising. Ho further claimed that the investment funds were directly transferred to Mair's personal wallet, after which the whereabouts of the funds are unknown. The Nouns DAO needs to take legal action to recover the funds, as they were never recorded in the company's accounts.

ChainCatcher news, according to Decrypt, after the fork completed on Friday evening, more than half of the Nouns NFT holders chose to leave.It is reported that out of 846 Nouns NFTs, 472 (nearly 56% of the collection) owners joined the fork and withdrew nearly 16,757 ETH (currently worth $27.3 million) from the current Nouns DAO treasury to the new DAO organization.This move may indicate that many members lack confidence in the current Nouns DAO model. Since the project debuted in 2021, it has spent millions of dollars worth of ETH to fund a series of Nouns-themed projects aimed at expanding the brand's influence. Meanwhile, the value of Nouns NFTs has significantly declined since the peak at the end of 2021 and early 2022. Data shows that the floor price of the NFT collection, priced in dollars (ETH converted to dollars), has dropped from a peak of $267,000 in December 2021 to about $57,740 today.

ChainCatcher news, Arcade.xyz advisor Cirrus stated on social media that a certain address spent 775 ETH (approximately $1.26 million) in the past day to purchase 22 Nouns NFTs in bulk. Previously, it was reported that NounsDAO will conduct a financial split within a week.

ChainCatcher message, according to information from the Web3 community NounsDAO official website, NounsDAO has launched a fork page, allowing community members who support the fork to choose to join the fork and split the DAO treasury. The time window for supporting the fork is one week. After the window period ends, if 20% of Nouns NFTs support this fork, the supporters will be separated from the main NounsDAO and will split a corresponding proportion of ETH from the project's treasury.

ChainCatcher news, the Nouns DAO community has decided to donate 100 ETH to the Ethereum data website Ultrasound.money through voting, aiming to support the operation of public welfare initiatives to enhance the censorship resistance of Ethereum blocks. It is reported that the ultra sound relay team is committed to promoting the diversity of Ethereum block relays.According to a previous report by ChainCatcher, Nouns DAO donated 100 ETH to on-chain detective ZachXBT as a retrospective reward for their efforts in exposing cryptocurrency scammers. (source link)

ChainCatcher news, former a16z partner and Variant Fund founder Jesse Walden tweeted that the crypto fund Variant Fund has purchased "some Nouns NFTs," but did not disclose the specific quantity.In addition, Variant Fund shared the reasons for joining the Nouns community, stating that they believe Nouns is one of the most active and creative communities in the entire Web3 space. Its continuous auction mechanism, the treasury managed by holders and denominated in ETH, as well as the permissionless open tools and CC0 model are the reasons why Variant Fund is optimistic about the project. (source link)

ChainCatcher message, Ethereum core contributor compensation program Protocol Guild announces progress over the past 6 months, with a total of $9.7 million in donations received so far, including $8.8 million from Lido DAO, Uniswap, ENS, Nouns, and MolochDAO, comprising 29% LDO, 19% ENS, 22% ETH or WETH, and 2% other tokens.It is reported that Protocol Guild is a program aimed at providing token compensation for client developers and researchers working on Ethereum-based projects. Protocol Guild has allocated $5 million to its members, and the current number of Protocol Guild members has grown from an initial 90 to 128, with an average of $39,000 received by each member. (source link)

ChainCatcher news, the Nouns DAO community voted to donate 100 ETH ($123,000) to cryptocurrency chain detective ZachXBT as a retrospective reward for their efforts in exposing cryptocurrency scammers. The donation vote ended this Thursday, receiving support from 90% of participants. This donation will be sent to the zachxbt.eth address, which currently holds 29,124 ETH. (The Block)