![]() If the first nine Nouns end up like alien CryptoPunks, their owners will be sitting pretty - the most recent alien sold for $12.67M in March. Being early symbolizes being a true fan, or an OG, as they say. There will only ever be nine, single digit Nouns issued in the project’s first nine days. Like any fledgling asset class, Noun buyers have to decide when is the right time to play. Maybe Nouns one to ten are like the aliens of CryptoPunks, we’ll see.” “Nouns use time as one of the scarce attributes. “A whole bunch of different economic games end up being played within Nouns,” 4156 told The Defiant. But there’s more to it than just ownership. ![]() The Nouns DAO, governed by each NFT owner, pockets the ETH spent on the platform. Unlike many NFT projects, which have rare character traits, all the ones for Nouns are equally likely to be generated. One might have a bomb as a head, or a microwave, or some other weird object. The Nouns use five traits to add character to the NFTs and distinguish them from others. In a way the project mimics blockchains themselves - Nouns are added to the supply at a steady pace just like blocks. ![]() The concept is simple: One Noun auction a day, forever. The NFTs are called Nouns and their inventor, who goes by 4156 after the numbered CryptoPunk he owns, started the project wondering what the next iteration of Punks would be. The total spent? 764.75 ETH, worth around $2M in Friday trading. ![]() A new NFT project that auctions off one digital asset per day made four sales in its debut. ![]()
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