Nouns DAO

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Primary Nature
A generative-art NFT community DAO: one Noun NFT is auctioned every 24 hours, forever, with 100% of the ETH proceeds sent directly to the DAO treasury. Each Noun is an irrevocable, non-transferable member with one governance vote.
Core Philosophy
Perpetual, permissionless on-chain generative art (stored fully on-chain, not IPFS) funding whatever the community votes to fund — public goods, community projects, and its own ecosystem.
Governance & Voting
A fork of Compound Governance: one Noun equals one vote, non-transferable (the vote goes with the NFT if sold) but delegatable. A 2023 upgrade (V3) added a fork mechanism letting dissenting members exit with their treasury share — see the reference notes for the two 2023 forks this triggered.
Financial & Treasury Tools
Treasury is funded entirely by daily auction proceeds and controlled exclusively via governance vote; the 2023 forks demonstrate the treasury is also exit-redeemable by dissenting members, not just majority-spendable.
Legal & Tax Architecture
No unified traditional legal entity independently confirmed this pass; governance and treasury control run entirely through on-chain contracts and the fork/exit mechanism described above.
Technology Interface
Fully on-chain generative art and auction contract; nouns.wtf as the primary interface, nouns.center as a community documentation/resource hub.
Pricing Model
N/A — membership is acquired only by winning a daily auction, not a subscription or fee tier.