Kevin chats with 4156 about his new project 'Nouns DAO'. Nouns are an experimental attempt to improve the formation of on-chain avatar communities.

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Kevin chats with 4156 about his new project, Nouns DAO, which is: "an experimental attempt to improve the formation of on-chain avatar communities. While projects such as CryptoPunks have attempted to bootstrap digital community and identity, Nouns attempt to bootstrap identity, community, governance, and a treasury that can be used by the community for the creation of long-term value." ​ ​

SELECTED LINKS FROM THE EPISODE

SHOW NOTES​

  • Who is 4156, and what is Nouns DAO? [00:43]
  • Has COVID-19 hastened the mainstream acceptance of anonymous founders? [02:03]
  • How 4156 and Kevin almost lost their early CryptoPunk claims, and what they learned from the harrowing experience. [03:24]
  • How did 4156 get started in the world of crypto? [05:20]
  • Why creatives in the crypto space should consider familiarizing themselves with at least a rudimentary understanding of code. [06:23]
  • How many CryptoPunks did 4156 mint early on, and what renewed his interest in them more recently? [08:00]
  • What was the overall idea that prompted 4156 to build a brand around this particular CryptoPunk, and how did this idea change as he got more involved in the community? [10:55]
  • The primary box an NFT project has to check for 4156 to invest in it. [11:52]
  • What other NFT attributes does 4156 consider important? [13:37]
  • 4156's thoughts on generative art as a movement. [14:51]
  • On CryptoPunks as the Citizen Kane of crypto art, and how it transcends one genre by combining aspects of several (including the generative). [15:19]
  • Are communities forming around the buzz of PFPs sustainable or just a passing fad? [16:50]
  • Will the historical importance and legacy of CryptoPunks be diluted by derivative projects and Hollywood deals? [19:58]
  • The Nouns project's humble beginnings and how it works. [23:56]
  • Thoughts on how a daily minting of Nouns will affect value over time, and what the DAO does to reward itself every 10th mint. [26:49]
  • What rights are bestowed upon someone who takes ownership of a Noun? What does Nouns DAO governance look like? [28:00]
  • How did Nouns get their attributes? Is any attribute rarer than another? [29:29]
  • The pros and cons of Nouns DAO's increasing popularity. [33:31]
  • Why participation in Nouns DAO doesn't have to revolve around ownership of a whole Noun. [36:39]
  • How sub-Nouns creations (in the vein of Bored Ape Kennel Club) might enhance the overall project. [37:52]
  • The logistics behind Nouns DAO treasury management, and the most existential question it raises as it grows. [40:01]
  • Thoughts on the Loot project: where it is today and where it might be taken. [46:27]
  • What interests 4156 about the inflationary economics of NFT projects. [49:00]
  • Thoughts on NFT fractionalization and the unavoidable, uneven benefits enjoyed by people who just happen to be in the right place at the right time. [50:19]
  • The future of crypto-native memes and their fractionalization as 4156 sees it. [52:10]
  • Parting thoughts. [57:41]

PEOPLE MENTIONED​