Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain
  • Web 3
    • NFT
    • Metaverse
  • Regulation
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Bitcoin bulls are confronted with Make-Or-Break-moment at $ 106,500 Resistance details

2025-05-18

Ailayer forges Alliance with Gaea to create a decentralized AI-driven metaverse

2025-05-18

XRP price that runs the risk of crashing 50%, here is why

2025-05-18
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
Facebook X (Twitter) Instagram
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain

    Ailayer forges Alliance with Gaea to create a decentralized AI-driven metaverse

    2025-05-18

    Space and time, Nvidia, publishes Sub-Second ZK Prover for SQL

    2025-05-18

    Interview with Nieuwe Lukso Coo

    2025-05-18

    B2 Network brings AI to Bitcoin with DSN-AI Rollup Protocol

    2025-05-18

    The Alice Collective elevates ‘My Neighbor Alice’ in collaboration with Persona Journey

    2025-05-17
  • Web 3
    • NFT
    • Metaverse
  • Regulation

    Myth or reality? Mica and its real impact on the market that dissolve common misconceptions

    2025-05-18

    Judge denies joint bid from Ripple and the SEC to end their long -term legal battle to end XRP

    2025-05-17

    A dozen new defendants who were sued in the alleged Rico -entry, connected to $ 263,000,000 crypto theft

    2025-05-17

    Complating digital assets win the long game in Crypto

    2025-05-17

    US senators make potential progress on Stablecoin bill in the midst of partisan negotiations: report

    2025-05-16
  • Analysis

    The American stock market now looks more favorable than pre-trade war, according to Tom Lee from Fundstrat-Dit why is why

    2025-05-18

    Analyst who mentioned XRP price mark at $ 0.5 says that the increase in this level is coming

    2025-05-17

    Michael Burry van Big Short abruptly sells one ‘recession-proof’ assets

    2025-05-17

    $ 40 billion in XRP on the road – where are they going?

    2025-05-17

    Bitcoin who sees heavy accumulation on Coinbase and Binance, says analysis company Glassnode – here is the prospects

    2025-05-17
  • Learn

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-09
  • Blog
  • Contact
    • Tech7685@gmail.com
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Web 3»Crypto’s Latest ‘Rage Quit’ | Web3 Daily
Web 3

Crypto’s Latest ‘Rage Quit’ | Web3 Daily

2023-09-11No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

TL; DR

  • Every day a new Nouns NFT is auctioned (sold for ~$57k atm) → that money then goes to a fund (called Nouns DAO) → the fund then finances ideas and projects that will promote the brand.

  • Sure, the NFTs are currently selling for around $57,000 a day… but this time two years ago they reached a value of $418,000.

  • There’s a group within the Nouns community that owns 25% of all Nouns NFTs… and they just decided they want their money back.

  • They voted to take $12.4 million of the fund’s $50 million and essentially give it back to themselves. Love it or hate it, it’s financial democracy in action!

Full story

A piece of Nouns NFT holders are asking for their money back.

Never heard of the Nouns NFT project?

The concept goes something like this:

Every day a new Nouns NFT is auctioned (sold for ~$57k atm) → that money then goes to a fund (called Nouns DAO) → the fund then finances ideas and projects that will promote the brand.

(And the more noun NFTs you own, the more control you have over how the money is spent).

Additionally, the project is CC0 (also known as copyright-free), so anyone can use its intellectual property regardless of whether they own an NFT.

The idea is: it will make the project a globally recognized brand and add value to the very limited collection of NFTs.

In many ways this approach has worked… it feels like Nouns branding is everywhere (inside And outside the Web3 bubble).

BUT! That doesn’t mean the project is immune to the ebbs and flows of the current bear market.

See also  All your crypto wallets in one place (now it's a thing)

Sure, the NFTs are currently selling for around $57,000 a day… but this time two years ago they reached a value of $418,000.

So this is where fad stopping comes into play…

There’s a group within the Nouns community that owns 25% of all Nouns NFTs… and they just decided they want their money back.

Sure, they could just sell some of their NFTs, but that would probably be a fraction of what they paid for them. Instead, they voted to take $12.4 million of the fund’s $50 million and essentially give it back to themselves.

Love it or hate it, it’s financial democracy in action!

Source link

Cryptos Daily Latest Quit Rage Web3
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Has Bitcoin Bull returned? Daily RSI only shows mild bullish momentum

2025-05-18

Stimulating innovation: How Oraichain, Pinlink and RSS3 Web3 Builders Empower Empower

2025-05-17

SFT protocol to redefine Web3 Sports Landscape in collaboration with Athleta Network

2025-05-17

These five cryptos could steal Bitcoin’s attention because they will focus on 16,900% rallies next year

2025-05-17
Add A Comment

Comments are closed.

Top Posts

Solana Price (SOL) aims for a new monthly high: Bulls in Control

2024-07-26

XRP – Price settles after winning – is there a new upward movement?

2025-02-17

Bitcoin traders delete brace for volatility – BTC can be further confronted if …

2025-03-05
Editors Picks

Is Bitcoin Peak Here? Important BTC cycle top indicators to monitor

2024-03-09

UneMeta and Bitgert are teaming up to revolutionize gas-free blockchain innovation

2024-12-28

MicroStrategy’s Michael Saylor on Bitcoin: ‘Unlock Your Future’

2024-08-13

Bitcoin options indicate a 20% chance of a rise to $80,000 after the election

2024-10-24

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Bitcoin bulls are confronted with Make-Or-Break-moment at $ 106,500 Resistance details

Ailayer forges Alliance with Gaea to create a decentralized AI-driven metaverse

XRP price that runs the risk of crashing 50%, here is why

Get Informed

Subscribe to Updates

Get the latest news and Update from Bitcoin Platform about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
© 2025 Bitcoinplatform.com - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$104,680.191.54%
  • ethereumEthereum(ETH)$2,474.63-0.06%
  • tetherTether USDt(USDT)$1.000.00%
  • rippleXRP(XRP)$2.392.27%
  • binancecoinBNB(BNB)$644.870.58%
  • solanaSolana(SOL)$170.302.18%
  • usd-coinUSDC(USDC)$1.000.01%
  • dogecoinDogecoin(DOGE)$0.2284716.14%
  • cardanoCardano(ADA)$0.750.73%
  • tronTRON(TRX)$0.265945-1.95%
  • suiSui(SUI)$3.78-0.16%
  • chainlinkChainlink(LINK)$15.601.79%
  • avalanche-2Avalanche(AVAX)$22.540.85%
  • stellarStellar(XLM)$0.2888421.06%
  • hyperliquidHyperliquid(HYPE)$26.320.32%
  • shiba-inuShiba Inu(SHIB)$0.0000153.34%
  • hedera-hashgraphHedera(HBAR)$0.1929901.84%
  • unus-sed-leoUNUS SED LEO(LEO)$8.73-3.18%
  • bitcoin-cashBitcoin Cash(BCH)$400.382.24%
  • the-open-networkToncoin(TON)$3.122.00%
  • litecoinLitecoin(LTC)$98.972.00%
  • polkadotPolkadot(DOT)$4.691.35%
  • moneroMonero(XMR)$339.851.66%
  • bitget-tokenBitget Token(BGB)$5.174.41%
  • pepePepe(PEPE)$0.0000139.71%
  • daiDai(DAI)$1.00-0.01%
  • piPi(PI)$0.737.80%
  • ethena-usdeEthena USDe(USDE)$1.00-0.02%
  • uniswapUniswap(UNI)$6.004.32%
  • bittensorBittensor(TAO)$420.27-0.50%
  • aaveAave(AAVE)$231.334.03%
  • nearNEAR Protocol(NEAR)$2.772.66%
  • aptosAptos(APT)$5.110.28%
  • okbOKB(OKB)$53.10-0.14%
  • ondo-financeOndo(ONDO)$0.942.63%
  • kaspaKaspa(KAS)$0.111606-0.52%
  • internet-computerInternet Computer(ICP)$5.241.59%
  • ethereum-classicEthereum Classic(ETC)$18.361.08%
  • gatechain-tokenGateToken(GT)$21.680.77%
  • crypto-com-chainCronos(CRO)$0.0985411.34%
  • official-trumpOFFICIAL TRUMP(TRUMP)$13.061.83%
  • mantleMantle(MNT)$0.731.42%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2354321.68%
  • vechainVeChain(VET)$0.0281561.79%
  • render-tokenRender(RENDER)$4.601.47%
  • ethenaEthena(ENA)$0.3792576.53%
  • usd1World Liberty Financial USD(USD1)$1.00-0.02%
  • filecoinFilecoin(FIL)$2.852.17%
  • algorandAlgorand(ALGO)$0.2207042.76%
  • cosmosCosmos(ATOM)$4.842.37%
  • bitcoinBitcoin(BTC)$104,680.191.54%
  • ethereumEthereum(ETH)$2,474.63-0.06%
  • tetherTether USDt(USDT)$1.000.00%
  • rippleXRP(XRP)$2.392.27%
  • binancecoinBNB(BNB)$644.870.58%
  • solanaSolana(SOL)$170.302.18%
  • usd-coinUSDC(USDC)$1.000.01%
  • dogecoinDogecoin(DOGE)$0.2284716.14%
  • cardanoCardano(ADA)$0.750.73%
  • tronTRON(TRX)$0.265945-1.95%
  • suiSui(SUI)$3.78-0.16%
  • chainlinkChainlink(LINK)$15.601.79%
  • avalanche-2Avalanche(AVAX)$22.540.85%
  • stellarStellar(XLM)$0.2888421.06%
  • hyperliquidHyperliquid(HYPE)$26.320.32%
  • shiba-inuShiba Inu(SHIB)$0.0000153.34%
  • hedera-hashgraphHedera(HBAR)$0.1929901.84%
  • unus-sed-leoUNUS SED LEO(LEO)$8.73-3.18%
  • bitcoin-cashBitcoin Cash(BCH)$400.382.24%
  • the-open-networkToncoin(TON)$3.122.00%
  • litecoinLitecoin(LTC)$98.972.00%
  • polkadotPolkadot(DOT)$4.691.35%
  • moneroMonero(XMR)$339.851.66%
  • bitget-tokenBitget Token(BGB)$5.174.41%
  • pepePepe(PEPE)$0.0000139.71%
  • daiDai(DAI)$1.00-0.01%
  • piPi(PI)$0.737.80%
  • ethena-usdeEthena USDe(USDE)$1.00-0.02%
  • uniswapUniswap(UNI)$6.004.32%
  • bittensorBittensor(TAO)$420.27-0.50%
  • aaveAave(AAVE)$231.334.03%
  • nearNEAR Protocol(NEAR)$2.772.66%
  • aptosAptos(APT)$5.110.28%
  • okbOKB(OKB)$53.10-0.14%
  • ondo-financeOndo(ONDO)$0.942.63%
  • kaspaKaspa(KAS)$0.111606-0.52%
  • internet-computerInternet Computer(ICP)$5.241.59%
  • ethereum-classicEthereum Classic(ETC)$18.361.08%
  • gatechain-tokenGateToken(GT)$21.680.77%
  • crypto-com-chainCronos(CRO)$0.0985411.34%
  • official-trumpOFFICIAL TRUMP(TRUMP)$13.061.83%
  • mantleMantle(MNT)$0.731.42%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2354321.68%
  • vechainVeChain(VET)$0.0281561.79%
  • render-tokenRender(RENDER)$4.601.47%
  • ethenaEthena(ENA)$0.3792576.53%
  • usd1World Liberty Financial USD(USD1)$1.00-0.02%
  • filecoinFilecoin(FIL)$2.852.17%
  • algorandAlgorand(ALGO)$0.2207042.76%
  • cosmosCosmos(ATOM)$4.842.37%