Loot is a viral social network that looks like nothing you've ever seen

As the treasury grows, more and more ambitious projects that increase the value of Nouns can be undertaken. If those projects succeed, the treasury gets even bigger. For now the ideas are simple, but you could imagine wild projects like designer merch, a private IRL clubhouse, TV shows, theme parks, giant bronze sculptures in every major metropolit... See more

Today, crypto technologies like decentralized autonomous organizations (DAOs) and non-fungible tokens (NFTs) enable a new model of character development and ownership that could not only unbundle creative media, but also lower the barrier to entry for online communities to bring new characters into the world.

He’s been inspired by watching successful DAOs like Friends with Benefits, a private discord server for creators that members have to buy into in the form of cryptocurrency tokens. But unlike with Friends with Benefits, where you’re paying for access, he doesn’t want a token-gated community. He instead wants to sell products and experiences via tok... See more

With most NFT projects like CryptoPunks and Bored Ape Yacht Club, the initial run of NFTs are claimed by early adopters, who can then sell them and keep the profits, with a small percentage of each transaction going to the project creator. NounsDAO is different. In their case, 100% of the proceeds from the daily Noun auction get put into a communit... See more