Nouns Dao NFT Review: Team, Utility, Roadmap And More

Nouns DAO is not your typical NFT project. The team is attempting to bootstrap identity, community, governance, and a treasury that can be used by the community. Their creative approach has attracted plenty of fans, and today we see why.

nouns dao review

Table of Contents

What makes Nouns DAO different from other NFT collections?

From the very beginning, the team has built a trustless and decentralised Web3 environment. Firstly, the NFTs are in the public domain, where the creators allow owners to fully own the artwork. Subsequently, their smart contract is set up in a way that one Noun will be auctioned every 24 hours, forever. After each auction, 100% of the proceeds are sent to the treasury, which has already accumulated 26,576 ETH at the time of writing.

Here’s the best part. All Nounders (10 founding members of Nouns DAO) will receive 10% of the auction proceeds for the first 5 years. This means that every 10th Noun will go directly to their multi-sig wallet. This is different from the usual 10k NFT projects where the team bags all the proceeds and presents a roadmap that has to be fulfilled at a future date. Besides, this mechanism heavily incentivizes the team to keep working on the project. 

All Nouns NFT holders will be automatically added into the Nouns DAO, where 1 Noun = 1 governance vote. In this DAO, members will decide how to use the funds in the treasury.

nouns dao auction
Hands down one of the fairest creator compensations in the NFT space. Credit: Nouns

Nouns DAO NFT Official Links

Nouns DAO website:

Nouns DAO Discord:

Nouns DAO Twitter:

Nouns DAO OpenSea:

What is the Nouns DAO Roadmap?

The future of the Nouns DAO depends entirely on what the DAO members propose and vote for. In just the past year, there have been over 90 proposals that were executed, which cost an estimated ~9,401 ETH. 

Many executed proposals are marketing stunts, for example, they have paid for a Superbowl ad, sent a Noun to the International Space Station, and launched a brand of coffee. They have also sponsored e-sports teams for popular titles such as DOTA 2 and Pokémon Unite. 

The Nouns DAO has also approved several marketing campaigns through art exhibitions and physical events. On 15-16 June 2022, one of the members used 16 ETH to introduce Nouns NFTs at Art Basel in Switzerland. Meanwhile, a 72.5 ETH proposal for a mural in NYC was rejected by 89/130 votes. All in all, this is an active DAO and clearly, the members care.

What is the Nouns DAO Utility?

As a member of the Nouns DAO, NFT holders can choose to delegate their votes to another member if they want to. However, a Noun holder cannot sell or transfer their vote as each vote is attached to its respective Noun in perpetuity.

On the other hand, the Nouns Playground allows users to create their own Nouns using all the available traits. Users will select their favourite background, body, accessory, head, and glasses, or upload custom traits. The feature will not mint your creation as an NFT, and it’s free for everyone to try.

Nouns DAO NFT price

The Nouns DAO treasury is currently worth an excess of USD $45 million (over 27k ETH). As for Nouns NFTs, presently, there are 425 Nouns minted which are held by 247 owners. The floor price sits at 89 ETH amidst the bearish market sentiment. In fact, the holders are apparently holding on to their Nouns. To date, the total trading volume in the secondary market is only 5.2k ETH. The current floor price of Nouns DAO NFT is: 

Famous Names Who Own Nouns DAO NFTs

The project has already attracted institutional investors such as Polychain Capital, Bain Capital Ventures, and 16z to name a few. Each of them carry around 10% of the vote weight. Moreover, some of the top universities have also joined in.

Where To Buy Nouns DAO NFT?

You can buy Nouns DAO NFT on NFT marketplaces like OpenSea and Looksrare.

Buy Nouns DAO On OpenSea

Buy Nouns DAO On LooksRare