nounsDAO interview: The latest investment logic of the DAO track
"OGtown" is an article column authorized by the Chinese cryptopunks community
Introduction of special guests
Nouns DAO：
"OGtown" is an article column authorized by the Chinese cryptopunks community
The world's top DAO community, the leader and typical project of the DAO track, has nearly 30,000 Ethereum in the national inventory, and the community is currently the top buidler gathering the world's web3. The representative of nounsDAO this time is toady_hawk, and the space is jointly organized by the nounsDAO official and the Chinese cryptopunks community
Noun_ 74 (noun 74): The founder of the Chinese Cryptopunks community, the founder of the noun Chinese ecological community; he has incubated and coached multiple Chinese NFT projects to the global community.
Brother Token (punk 1778): Since 2016, he has been focusing on research related to the blockchain industry. The author of the first NFT best-selling book in mainland China. Co-founder of the Cryptopunk Chinese Community. Token Punk Community Initiator
Noun_ 74 (noun 74): The founder of the Chinese Cryptopunks community, the founder of the noun Chinese ecological community; he has incubated and coached multiple Chinese NFT projects to the global community.
Jennie (punk 1369): CryptoPunk, Nouns holder, 18 years in the industry, focusing on Web3.0 infrastructure, layer 2, NFT track investment, NFT Native | Clonex, Doodle, BAYC holder
Brother Token (punk 1778): Since 2016, he has been focusing on research related to the blockchain industry. The author of the first NFT best-selling book in mainland China. Co-founder of the Cryptopunk Chinese Community. Token Punk Community Initiator
0 xparzival Song: cryptopunks and nouns holder, Founder of Three Keys Lab
Jennie (punk 1369): CryptoPunk, Nouns holder, 18 years in the industry, focusing on Web3.0 infrastructure, layer 2, NFT track investment, NFT Native | Clonex, Doodle, BAYC holder
toady_hawk：Host moonlight: A bilingual host of Chinese origin in East America, an outstanding builder of Binance live and HUOBI live, hosted by Ultiverse, the head channel of Binance Live, planning and participating in thousands of programs and events
0 xparzival Song：Chief Translation Officer Morningsun: Head of BCA Overseas Market & Operations.
Moderator moonlight: How do you see the future of the DAO track? How to vote on the DAO track?
I want to hear if there is a different point of view from the Punks community first
NounsDAO Toady：I think the investment in DAO is a very grand issue. The initial prototype of DAO appeared in 2017, but only in 2021 will there be a relatively formed DAO organizational model in the current sense. As an investor, I am also very happy to see the launch of various DAOs, but these DAOs are more like a short-lived state. Including the constitution DAO, it does not exist anymore, and the project is closed.
I have also invested in some small and medium venture DAOs, and I am more optimistic about its future. But at the same time think that Nouns DAO is not like venture DAO, which is a good thing. Because venture DAO does not have some particularly successful cases. Many of the small and medium-sized venture DAO investments I participated in were for larger projects to raise funds. But in my point of view, DAO should not fulfill such a mission, but should do something else.
The current DAO will be closer to the concept of a company, but the concept of a company has been formed many years ago in DAO. For investors in the web3 or DAO track, we should agree with a point of view, and we should conduct future research. Invest instead of investing in the past. Since the company is a concept in the past, it is possible that the real successful cases of DAO in the future will not be like a company, but what it looks like in detail requires our further exploration, including discussions like today, to finalize it.I think it's very interesting that 0 xparzival said "we shouldn't think of DAOs as past companies" concept, and I very much agree with this point of view. Copying the form of a company, including copying some business models, organizational structures, profit models, etc. of traditional companies to our DAO organization, is very straightforward and easy to think about. But things that are often not easy to think of may be the real answer, because web3 is also a new technology field, and we can try more new models and new organizational structures.
NounsDAO Toady：I think that DAO is more of a community than a company. This is the model of DAO in my mind. All DAO community members have relatively equal rights to participate in the organization's governance, including some decision-making processes, including benefits. Of course, it is still a relatively early attempt to link DAO with revenue, and it is not something that is done entirely for revenue. It will be more like a community, where a group of people govern a thing or a series of things and regulations for a common idea.
Moderator moonlight:
As the leading community of DAO, what opportunities and challenges does NounsDAO currently face?
The biggest challenge NounsDAO encountered, in my opinion, was the closure of their DC community two months ago, which actually made many members of the community very desperate and chilling. Because they very much hope that this community can return, but they cannot decide whether this community will return soon.
NounsDAO Toady：This proves the importance of decentralized DAO from one aspect, because now the founder community has too much say in DAO, and it is more like a centralized DAO. If the founder wants to shut down the DC, then the DC will be shut down. My suggestion is that through some sub-communities, for example, a Chinese sub-community can be established in China. Members of this sub-community can meet and negotiate more frequently, and to a certain extent, divide the weight of the centralized founders.
0 xparzival Song：In my concept, DAO, as a community, has the attributes of a community, helps others, and works to grow. And this does not necessarily need to happen in a very core organization. As many sub-communities, each sub-community is doing its own thing, and at the same time serving a more macro and collective goal. This form may be my opinion. An ideal DAO.
Moderator moonlight: Both Nouns and loot have attracted attention in the Chinese collection circle. What do you think of the differences between these two communities?
The hypoloot project is a game that has the game attributes of loot, and also takes into account some encryption attributes. You can pay attention to this project.
We've also played more than one gamefi. The DAO of loot gamefi pays great attention to the construction of the community. It uses a bottom-up structure. According to my understanding, it pays more attention to the players as the bottom of the community, that is, members like bottom or base. For the community significance.
Brother Token (punk 1778):We see that cryptopunks are a top-down architecture. The decentralized DAO architectures mentioned so far may all be bottom-up, but loot is a bottom-up architecture. Loot is a gamefi, but Nouns is more like a stronger encryption attribute, which is IP creation and IP value-added.
These two DAOs have one thing in common, they are both in the CC 0 field, including their composability, the ability to interact on the chain, and the attributes shared by the DAO blockchain, because one of them is essentially gamefi, and the other is Playing with IP, so it's still not the same.
Brother Token (punk 1778):
I think they have differences as well as similarities. First of all, what they have in common is that they are all open and truly in line with the spirit of WEB3, unlike some current PFPs and some metaverse projects, which are at most web2.5. Compared with them, Nouns and loot are infinitely close to web3, and truly have the spirit of the web.
The difference between them is that Nouns is a thing that focuses on the creation of web3 IP, including peripheral authorization and secondary creation. It is a mode of gathering community culture by operating IP and expanding the industry through community culture. For example, BAYC, azuki, doodle, and moonbird are all avatars, and the route they take is to create a super IP. The advantage of Nouns over them is that it is more decentralized and open. Although moonbird was opened later, it is not in the real sense. And Nouns is the first project to adopt CC 0's PFP. This is one of its greatest strengths.
The second difference is that loot is not a super IP. This thing is not for viewing, and there is no aesthetic feeling in a few words. It does not use this thing to create IP to create a culture. It is similar to Disney's model through culture. It is to be used as a module for building the metaverse, and it is used to develop and build the metaverse.
Noun_ 74 （noun 74 ）：The second difference is that Nouns are very rich, and NounsDAO is much richer than lootDAO, so it is possible for Nouns to use the money to do some big things more efficiently than loot. But loot will be more decentralized, and some of loot's projects are more decentralized, and they are all very viable. However, due to funding problems, its actions are relatively slow.
So I think that if Nouns and loot are combined in the future, there are some projects that integrate Nouns IP into loot games, such as the hyperloot game just mentioned, which is also integrated. Combining the financial resources of Nouns and the advantages of loot decentralization, I think that in the next round of bull market, all these real powers with the spirit of WEB3, these fires will come together to open up a new situation.
NounsDAO Toady：Moderator moonlight: As a holder of nouns in Chinese, what do you think of the recent performance of nouns?
Jennie_zizi：The guest just mentioned that recently, including in the Nouns community, they may have some differences with nounders and closed some discords. These problems are essentially a kind of anxiety brought about by the bear market. This emotion must have an outlet. Nouns itself has many game mechanisms in it. Whether these mechanisms are reasonable or not, it may become an outlet for the emotions of these holders. As the initiator, Nounders must be the target of public criticism.
Second, the Chinese market is actually very large, but the influence of Nouns has not yet covered the Chinese market well, and there are many things that can be done. It may be because the price of Nouns in the early days was relatively high, which excluded many followers of Nouns, which led to the current situation. I did a survey in the punks community. There is a high degree of overlap between punk holders and Nouns holders, both globally and in the Chinese community. We are now also planning to re-establish a Nouns Chinese community based on the resources and contacts accumulated by punks, to ensure that Chinese people can have our place in the Nouns global community, and based on the resources of high-end collectors, we will start again do this thing. We are very pleased to invite Toady to participate in today's event. We hope that Toady can support us in building a new Chinese community and invite him to be our instructor.
I'm not sure how much I can help you by being your mentor, but I am very grateful to have a group of people like you working so hard in China. I think the noun square has a lot of room for growth, but with partners in many countries, such as Japan, Brazil, Portugal and other countries, we can seek cooperation opportunities for this community and create new things together.
I have been playing NFT for more than two years. I used to chat a lot in the communities of CLONE and AZUKI. Today, this is a topic related to punk and Nouns. I changed the avatar of Nouns. Let me briefly introduce my situation. Our company is positioned as a U.S. stock company that provides the basic company for the Metaverse, because we have a team with relatively strong technical capabilities, which can provide 3D support rendering services for many places including games and Metaverse. Personally, I am mainly responsible for investment and incubation, mainly NFT.
Regarding the theme of today's Nouns and loot, I have deep feelings. I started from the earliest PUNK and boring apes, and I have paid attention to Nouns. Because from an investment point of view, I see that the batch of NFT projects born by the current PFP are completely different from the NFTs that were mainly discussed by traditional institutions in 2017 and 2018. I feel that NFT is more inclined to community culture, and it may be more about community co-creation and community autonomy.
NounsDAO Toady：For example, in Universal Studios Singapore, there is a Transformers theme park. You can feel the economic giant in Japan's Universal Studios, which actually has local characteristics and community cultural attributes. The same is true for Nouns, including cryptopunks and boring apes. Each community has its own cultural attributes and community consensus. I am very concerned about these projects, but the only feature is that Nouns makes me love again, not to say that I hate it, but it is a project with a little complicated emotions. Other communities may be more active and co-constructed by the community, such as AZUKI. The supply and demand of the community is very high, and everyone likes it very much. First of all, I like its image, design, and texture. But the texture of Nouns itself is also very high. So I also paid attention at the time.
But the AZUKI community is relatively open. I have a few friends who are senior players of it. They will really spend their own money to invite painters, or recruit a team of painters to do secondary creations for it, or build some pictures based on the image of AZUKI. Special derivatives. When the Nouns community was opened before, I saw a lot of artists, holders and people who were interested in this project provided a lot of product designs with different Nouns images, because the distribution mechanism of Nouns is different from other projects. Determined its relatively unique gameplay. But it may also be because of this situation that the Nouns owners and the Nouns community are not as active as others, and it may be more inclined to some users who are more technically savvy or technically skilled to be active in it.
So some time ago, when I found out that DC was closed, I would try to contact some Nouns holders or people who know more about this community for consultation, but I didn’t find too many calibers. Because Nouns is one of the few successful typical demonstration projects. In the early days, there was a team from Silicon Valley in the United States. Of course, they wanted to do a project similar to a 9 by 9 grid. Color, and finally a work is completed by different users. But this project failed later. We have discussed the reasons for it. I think there are two aspects: one is that for the current NFT, if it is not an abstract work of art, it needs to be approved by everyone. It is still necessary to pass the aesthetics of the project. At first glance, this project is attractive to you. If NFT is created by multiple people, it may not have a good understanding of its concept in design. But the original intention of this project is very good. So when Nouns came out later, it would be better to see the entire NFT created by the artist himself. Today, I have a learning mentality to get to know the Nouns holders, and I also want to hear the views of other guests on the development of the Nouns project. This is my expectation for Nouns.
NounsDAO Toady：I mainly talk about two aspects. One is to highly praise the establishment of the Chinese community and the potential of the Chinese community. The Chinese community is indeed very important. Many of our guests today are talking about it. As a major market, the entire DAO I hope that there will be more opportunities for the Chinese community to participate in the establishment of the entire Nouns community.
The second is the closure of discord, the impact on Nouns members. In fact, there are still many sub-organizations, including unofficial ones, but they are still open, whether it is discord, or other communities, or even jungle like today, including Nouns square, you can contact them in various ways, we There are many ways to connect, and it's a shame that the official DC is shutting down, but we shouldn't stop here.I helped build the Nouns Singapore community before, and now I am working together to build a Chinese community. Nouns is a very large family, and there are distributions in Australia, as well as Nouns Africa, Nouns Latin America, or Spanish-speaking regions. The whole Nouns is a very international community and team. Since Chinese is the second most spoken language, the importance of this is self-evident. In addition, there are a lot of web3 talents in China, so I look forward to establishing more cooperation. In the process of building a community, we will definitely encounter some problems. These problems will definitely make people dissatisfied, but these dissatisfaction are the emotions we should have in DAO, because our community is our own as the master, not to be ruled by others. It is led by a very core team, so there must be some stumbling and bad parts in our own behavior. But these procedures are what we should rationalize. China can be used as a base, because there are many social network barriers in China, but we have a very large and very core Chinese-speaking community with our own characteristics, such as Weibo and the like, with a really large number of people. Not only mainland China, mainland China is the core area of the Mandarin-speaking area, and there are many other Mandarin-speaking areas, including Hong Kong, Macao, Taiwan, Singapore, and even overseas Chinese, all of whom can become members of the Mandarin-speaking community, because the language is The carrier of culture, the Chinese language will definitely produce a very unique culture, and culture is producible, and procreation is the core of NounsDAO.
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Column introduction
"OGtown" is an article column authorized by the Chinese cryptopunks community. The community was established in 2021. It is the earliest private NFT community with the highest asset holdings in China. All holders must verify PUNK to join. At present, there are more than 200 cypherpunk holders in the community. It is the Chinese community with the most concentrated web3 celebrities. Most of the members are promoters and business leaders. Exchanges, established blockchain media, Chinese opinion leaders, whale nft collectors, etc. The community has good connections with top overseas OGs, and friends from all walks of life are welcome to establish contact with PunksCN to jointly promote the development and progress of the Chinese NFT field
