An on-chain organisation that auctions one non-fungible token each day, with proceeds funding a shared treasury governed by token holders.
Semantic Classification
Content
- Nouns DAO settles a single non-fungible token at auction every day, with each token granting its holder one vote and a proportional stake in the collective treasury. The continuous auction provides a steady inflow of funds and distributes voting power gradually over time.
- Token holders propose and vote on the use of treasury funds, which has been directed toward projects, grants, and community initiatives. The design ties membership, governance, and funding into a single recurring on-chain process, with all decisions and disbursements executed by contract.