Love the hardwork from the NFTR team and what they have built, just not sure this becomes very useful or helps push the brand forward.
i'm personally hesitant on seeding a dao before any auctions take place. (would've been cool to even see something on nouns.build testnet)
product has been live for some time with very little use from nouns/larger NFT community. would feel more comfortable supporting if/when there is some indication of PMF and higher conviction. also feels a bit early in product life cycle to convert into a nounish dao
sent from voter.wtf
Retro fund precedent for tools used by Nouns tends to fall in the 5 - 15 ETH range. 80 ETH is substantially higher than tools with more day to day usage.
Would love to see this become a foundational tool in the future, but the ask is too large compared to its usage right now.
sent from voter.wtf
FOR - 2 VOTES
AGAINST - 33 VOTES
borg00000 | "should just run auctions see if they raise the 80e organic imo"
ABSTAINS - 5 VOTES
Love the detailed props and really interesting project. Imho: 1/ needs more traction to be less of a risky investment (see Seneca’s vote) 2/ not sure I see the intersection with nouns (and if we had more traction I’d be fine with that, I think nouns could dedicate a small fund that operates as a new type of NFT focused VC where some profit % or shares would be streamed back to the DAO) Thanks for sharing! Maybe re-propose when you have more users and growth?
(noun40 voting via agora)
I'm all for funding protocols / software but only in cases where we're intended to be the user. like it makes sense for us to fund prop house b/c we use it. same for agora.
I appreciate digitaloil as a nouner and nouns fan but the reality to me is that this is not something that is getting much usage in the nouns world. the proposition seems to be around kind of making an "investment" into the long term success into the protocol but I think such venture style investments speculating on utility a protocol will have for other communities doesn't seem something the nouns dao is well suited to do and seems outside of the (my pov) mandate of the dao funding (which I personally think is primarily around funding public goods within the nouns world)
I went back and forth on this a few times. I really like digital oil and the tech he's been working on, but ultimately landed as a no here for this version of the prop. Even tho there's a payback program from the dao i don't like the idea of seeding dao's pre-auction / forming a solid base of members.
sent from voter.wtf
+1 seneca
Appreciate your work and dedication digoil -- if you want more detailed feedback (i think i can be of help) please DM me.
Have deep respect for the propers work but +1 to Seneca for this 80 ETH request.
Eco seneca, PMF is unclear. Also not sure if this is a right fit for nouns
Voting AGAINST because it seems like the NFTR protocol has not gotten enough traction¹𝄒² to warrant funding for what is being proposed. I think it's reasonable to try to get a stronger signal of pmf before attempting to pursue a DAO, expand the team, etc. In particular, the DAO might be overkill for the stage at which the project is at.
I’d love to see NFTR do well and ride the ERC-6551 wave (something I'm excited about as well) — I’d def reconsider my position with stronger signs of traction. Best of luck to Digital and respect for the hustle! I
¹ Dune dashboard shows an average of 5 namings per month from Jan - Jun 2023. ² Contracts show little activity as well
Easy yes. Vanguarding NFT infra, by a longtime dedicated Nouner, he has put $400k of skin in the game to develop this so far and a passion for making this happen, this is our wheelhouse a Nouner creating what will be an ENS like public good for NFTs and using a Nouns-style DAO to run it. Supporting this burnishes rather than dulls Nouns' brand and culture.
And it pays for itself if it works, so it at least has a path to sustainability from a Treasury POV:
"80 ETH to seed the NFTR DAO Registry for decentralized use by NFTR DAO. NFTR will direct 5% of daily auction proceeds to the Nouns DAO treasury up to 80 ETH."
NFTR, the first and only NFT Naming Registry on Ethereum, is requesting 80 ETH to seed its Nounish DAO Treasury. In Nounish DAO fashion, 1 daily NFT = 1 vote, will determine NFTR funding initiatives. In return for the funding, Nouns DAO will receive 10% of the supply in perpetuity. In addition, NFTR will direct 5% of daily auction proceeds to the Nouns DAO treasury up to 80 ETH.
NFTR allows naming any ERC-721 with a globally unique name across all Ethereum.
NFTR DAO will eternally proliferate Nouns as sponsor of the NFT Naming standard.
The up and coming standard -- ERC-6551’s Token-Bound Accounts turn NFTs into active onchain identities that can do anything an EOA / smart contract wallet can do. Active NFTs and their accounts need human-readable names for reference and reach.
This initiative expands Nouns’ addressable market to all NFT holders.
DigitalOil is the founder and CEO of NFTR. Team includes 1 BD lead, COO, 2 more devs, and a designer. Development began in Q3 2021. Before going full-time web3, DigitalOil was an iOS developer, satcom engineer, and logistics business executive. He was behind Prop 199 and worked on Private Voting (recently won the Nouns Private Voting contest) Research funded by Nouns. DigitalOil also recently founded The Panama DAO, in the image of Nouns DAO, which was pre-seeded 1 ETH by Nouns Prop House and subsequently seeded 20 ETH by a Builder DAO Incubator round.
For more on DigitalOil’s thoughts about Nouns, please refer to his Nouns Agora statement.
Note that DigitalOil has fronted all NFTR founding expenses (over $400k worth) since inception, ~19 months ago. NFTR has never raised seed funding.
NFTR (NFT Registry) is a universal, permissionless NFT Naming Registry on Ethereum.
NFTR allows naming any ERC721 with a globally unique name across all NFTs.
It's comparable (albeit different architecturally) to ENS for naming NFTs instead of wallets.
Naming an NFT grants the NFT a NFTR Profile with soon to be integrated ERC-6551 functionality (a new standard for Token Bound Accounts) and extensive utility.
NFTR provides an API so that any platform can pull and display names alongside NFTs.
For more details on protocol architecture, visit NFTR.name to view our Docs, try our live dApp, view NFTR Profiles at [name].NFTR.name, or engage on our Discord.
Nouns that have been named on NFTR. JellO.nftr is the Nouns DAO-owned Noun that was named on NFTR via Prop 280. JellO can be interacted with by visiting jello.nftr.name in any web browser.
NFTs need the accessibility afforded by simple, unique names.
The rise of ERC-6551 Token Bound Accounts accelerates the inevitable onchain use of NFTs as our identities.
A universal NFT Naming Registry unlocks limitless NFT-centric app potential, hosted within NFTR Profiles, allowing you to BE your NFT.
Current "web3" ID jumble
All representing a web2 account who may not own the displayed NFTs or domains.
NFTR Names and Profiles provide
For an expanded vision behind NFTs as identities, refer to this article by DigitalOil.
Current profile page of JellO. Previously owned by our Treasury. Now owned by mucholove.eth. This Noun is reachable at jello.nftr.name
NFTR Names unlock usage of NFTs as our identities. NFTR Profiles at [name].nftr.name facilitate and embed the following utilities (bold still under development):
Verified socials (verified twitter handle shown). Allows for the first time for an NFT to point to a social media identity, inter-relating them both ways.
Integration of ERC-6551 features will operate a named NFT’s TBAs (Token-Bound Accounts) and associate them with a subdomain, making the TBA reachable by referring to the subdomain (e.g. banking.DigitalOil.nftr).
The NFTR Name Marketplace allows for trading NFT names.
As an extension of an NFT's naming history, NFTR will develop the first NFT-event specific indexer. The indexer searches and detects all events related to an NFT, including:
Distributing ownership of the contracts and treasury of an Ethereum-wide primitive to a decentralized DAO is the ultimate proliferation of Nouns: perpetuating the ideal on-chain governance model.
We view Nouns as the purest instantiation of a DAO and are interested in adopting the Nouns DAO model for control and proliferation of the NFTR protocol.
NFTR has been bootstrapped to date. A funding infusion will accelerate development at a critical time, facilitate NFTR’s first marketing efforts, and permit other initiatives to cement NFTR into its sensible role as a necessary and universally adopted public good.
The Nouns community is full of individuals concerned with innovation and the welfare of web3. We’d be honored to enlist your support and advocacy, both as a Nouns brand and as a collection of highly sensible and web3 native individuals.
From ERC-6551's whitepaper:
ERC-6551 Abstract: “This proposal defines a system which assigns Ethereum accounts to all non-fungible tokens. These token bound accounts allow NFTs to own assets and interact with applications, without requiring changes to existing smart contracts or infrastructure.”
Another quote: "Each token bound account is owned by a single ERC-721 token, allowing the token to interact with the blockchain, record transaction history, and own on-chain assets. Control of each token bound account is delegated to the owner of the ERC-721 token, allowing the owner to initiate on-chain actions on behalf of their token."
If ERC-721s (NFTs) are to be so active, they must be simply and uniquely identifiable.
ENS, fundamentally, provides this service to Ethereum wallets.
NFTR, natively, provides this service to NFTs and ERC-6551 Users.
As ENS provides limitless value and utility beyond reach/reference, so does NFTR.
NFTR Names can be easily integrated by ABI/API call into:
Integrated NFTR Names are:
NFT Names are registered in NFTR’s Registry Contract. They are unique, meaning that no two NFTs can simultaneously hold the same name. They are NOT tokens or NFTs themselves. This brings the following benefits:
Names are alphanumeric strings with no leading or trailing spaces, and are case sensitive for display purposes. But case-insensitive for duplicity purposes.
107 Verse: Narrowly passed before funds were returned. Conflicted results due to purchase of equity in a non-Nouns project (Verse). Relation to our prop: NFTR is requesting DAO funds, not selling equity. NFTR is Nounish in DAO structure, and will feature ⌐◧-◧ in daily NFTs.
189 SharkDAO: “I see these types of proposals as "cultural venture investments", similar to our @nounsbuilder funding… we just need to know whether a) we trust that the subDAO will steward those funds in a way that is positive for Nouns DAO, and b) if the cumulative ask is an amount of our treasury we are comfortable "locking up" until we see the cultural ROI from that spending.” Relation to our prop: NFTR can be viewed as a venture investment, though all funds will be incrementally added to the NFTR DAO, and their usage will be determined by DAO members (20% NFTR team, 10% NounsDAO). As a contributing member of Nouns and an innovator in the space, it can be reasonably assumed that DigitalOil will be an admirable steward of NFTR and its association to the Nouns brand and DAO model.
284: PizzaDAO: Executed prop to fund PizzaDAO’s global pizza party, featuring Nouns branding and Noggle props. Here, Nouns served as sponsor for another DAO’s mission while perpetuating the Nouns meme. Relation to our prop: Not only will Nouns’ branding be integrated into NFTR’s NFTs and platform; NFTR’s DAO structure will inherently mimic the ideal web3 standard established by NounsDAO, eternally perpetuating the meme and the model.
Multiple revenue streams that will flow to the NFTR DAO Treasury.
NFTR governance becomes Nounish
NFTR DAO daily NFT early concept
Supply every Nouns NFT (forever) with a Naming Credit (existing and future), good for a free name + associated NFTR Profile (accessible by [name].nftr.name). This includes development of a PR into the nouns.wtf front-end to facilitate naming upon auction settlement
Name your Noun on NFTR for free with a naming credit granted for each newly acquired Noun
Further customize Nouns NFTR Profiles, integrating Nouns-specific utility (e.g. delegation plugin, vote bidding plugin, etc.)
These are some of the initiatives the NFTR team envisions will be proposed:
Team expansion Funding permits core team to work continuously on NFTR, in addition to funding additional hires to accelerate development (frontend + backend), event indexer, maintenance, and community-facing roles, etc.
Marketing and Business Development Promotion + NFT community education on the utilities of NFT Naming, as well as its essential nature in support of ERC-6551.
NFT Conference Sponsorship + Promotion ⌐◧-◧ x NFTR sponsorship at worldwide 2023-2024 NFT conferences
NFTR PropHouse ⌐◧-◧ x NFTR will create a PropHouse to solicit community-built utilities and dApps that leverage the universal NFT namespace.
Auditing The completed NFTR ecosystem includes new smart contracts that must undergo auditing to ensure their security and safety for trustless + immutable NFTR DAO ownership and operation.
NFTR, the first and only NFT Naming Registry on Ethereum, is requesting 80 ETH to seed its Nounish DAO Treasury. In Nounish DAO fashion, 1 daily NFT = 1 vote, will determine NFTR funding initiatives. In return for the funding, Nouns DAO will receive 10% of the supply in perpetuity. In addition, NFTR will direct 5% of daily auction proceeds to the Nouns DAO treasury up to 80 ETH.
NFTR allows naming any ERC-721 with a globally unique name across all Ethereum.
NFTR DAO will eternally proliferate Nouns as sponsor of the NFT Naming standard.
The up and coming standard -- ERC-6551’s Token-Bound Accounts turn NFTs into active onchain identities that can do anything an EOA / smart contract wallet can do. Active NFTs and their accounts need human-readable names for reference and reach.
This initiative expands Nouns’ addressable market to all NFT holders.
DigitalOil is the founder and CEO of NFTR. Team includes 1 BD lead, COO, 2 more devs, and a designer. Development began in Q3 2021. Before going full-time web3, DigitalOil was an iOS developer, satcom engineer, and logistics business executive. He was behind Prop 199 and worked on Private Voting (recently won the Nouns Private Voting contest) Research funded by Nouns. DigitalOil also recently founded The Panama DAO, in the image of Nouns DAO, which was pre-seeded 1 ETH by Nouns Prop House and subsequently seeded 20 ETH by a Builder DAO Incubator round.
For more on DigitalOil’s thoughts about Nouns, please refer to his Nouns Agora statement.
Note that DigitalOil has fronted all NFTR founding expenses (over $400k worth) since inception, ~19 months ago. NFTR has never raised seed funding.
NFTR (NFT Registry) is a universal, permissionless NFT Naming Registry on Ethereum.
NFTR allows naming any ERC721 with a globally unique name across all NFTs.
It's comparable (albeit different architecturally) to ENS for naming NFTs instead of wallets.
Naming an NFT grants the NFT a NFTR Profile with soon to be integrated ERC-6551 functionality (a new standard for Token Bound Accounts) and extensive utility.
NFTR provides an API so that any platform can pull and display names alongside NFTs.
For more details on protocol architecture, visit NFTR.name to view our Docs, try our live dApp, view NFTR Profiles at [name].NFTR.name, or engage on our Discord.
Nouns that have been named on NFTR. JellO.nftr is the Nouns DAO-owned Noun that was named on NFTR via Prop 280. JellO can be interacted with by visiting jello.nftr.name in any web browser.
NFTs need the accessibility afforded by simple, unique names.
The rise of ERC-6551 Token Bound Accounts accelerates the inevitable onchain use of NFTs as our identities.
A universal NFT Naming Registry unlocks limitless NFT-centric app potential, hosted within NFTR Profiles, allowing you to BE your NFT.
Current "web3" ID jumble
All representing a web2 account who may not own the displayed NFTs or domains.
NFTR Names and Profiles provide
For an expanded vision behind NFTs as identities, refer to this article by DigitalOil.
Current profile page of JellO. Previously owned by our Treasury. Now owned by mucholove.eth. This Noun is reachable at jello.nftr.name
NFTR Names unlock usage of NFTs as our identities. NFTR Profiles at [name].nftr.name facilitate and embed the following utilities (bold still under development):
Verified socials (verified twitter handle shown). Allows for the first time for an NFT to point to a social media identity, inter-relating them both ways.
Integration of ERC-6551 features will operate a named NFT’s TBAs (Token-Bound Accounts) and associate them with a subdomain, making the TBA reachable by referring to the subdomain (e.g. banking.DigitalOil.nftr).
The NFTR Name Marketplace allows for trading NFT names.
As an extension of an NFT's naming history, NFTR will develop the first NFT-event specific indexer. The indexer searches and detects all events related to an NFT, including:
Distributing ownership of the contracts and treasury of an Ethereum-wide primitive to a decentralized DAO is the ultimate proliferation of Nouns: perpetuating the ideal on-chain governance model.
We view Nouns as the purest instantiation of a DAO and are interested in adopting the Nouns DAO model for control and proliferation of the NFTR protocol.
NFTR has been bootstrapped to date. A funding infusion will accelerate development at a critical time, facilitate NFTR’s first marketing efforts, and permit other initiatives to cement NFTR into its sensible role as a necessary and universally adopted public good.
The Nouns community is full of individuals concerned with innovation and the welfare of web3. We’d be honored to enlist your support and advocacy, both as a Nouns brand and as a collection of highly sensible and web3 native individuals.
From ERC-6551's whitepaper:
ERC-6551 Abstract: “This proposal defines a system which assigns Ethereum accounts to all non-fungible tokens. These token bound accounts allow NFTs to own assets and interact with applications, without requiring changes to existing smart contracts or infrastructure.”
Another quote: "Each token bound account is owned by a single ERC-721 token, allowing the token to interact with the blockchain, record transaction history, and own on-chain assets. Control of each token bound account is delegated to the owner of the ERC-721 token, allowing the owner to initiate on-chain actions on behalf of their token."
If ERC-721s (NFTs) are to be so active, they must be simply and uniquely identifiable.
ENS, fundamentally, provides this service to Ethereum wallets.
NFTR, natively, provides this service to NFTs and ERC-6551 Users.
As ENS provides limitless value and utility beyond reach/reference, so does NFTR.
NFTR Names can be easily integrated by ABI/API call into:
Integrated NFTR Names are:
NFT Names are registered in NFTR’s Registry Contract. They are unique, meaning that no two NFTs can simultaneously hold the same name. They are NOT tokens or NFTs themselves. This brings the following benefits:
Names are alphanumeric strings with no leading or trailing spaces, and are case sensitive for display purposes. But case-insensitive for duplicity purposes.
107 Verse: Narrowly passed before funds were returned. Conflicted results due to purchase of equity in a non-Nouns project (Verse). Relation to our prop: NFTR is requesting DAO funds, not selling equity. NFTR is Nounish in DAO structure, and will feature ⌐◧-◧ in daily NFTs.
189 SharkDAO: “I see these types of proposals as "cultural venture investments", similar to our @nounsbuilder funding… we just need to know whether a) we trust that the subDAO will steward those funds in a way that is positive for Nouns DAO, and b) if the cumulative ask is an amount of our treasury we are comfortable "locking up" until we see the cultural ROI from that spending.” Relation to our prop: NFTR can be viewed as a venture investment, though all funds will be incrementally added to the NFTR DAO, and their usage will be determined by DAO members (20% NFTR team, 10% NounsDAO). As a contributing member of Nouns and an innovator in the space, it can be reasonably assumed that DigitalOil will be an admirable steward of NFTR and its association to the Nouns brand and DAO model.
284: PizzaDAO: Executed prop to fund PizzaDAO’s global pizza party, featuring Nouns branding and Noggle props. Here, Nouns served as sponsor for another DAO’s mission while perpetuating the Nouns meme. Relation to our prop: Not only will Nouns’ branding be integrated into NFTR’s NFTs and platform; NFTR’s DAO structure will inherently mimic the ideal web3 standard established by NounsDAO, eternally perpetuating the meme and the model.
Multiple revenue streams that will flow to the NFTR DAO Treasury.
NFTR governance becomes Nounish
NFTR DAO daily NFT early concept
Supply every Nouns NFT (forever) with a Naming Credit (existing and future), good for a free name + associated NFTR Profile (accessible by [name].nftr.name). This includes development of a PR into the nouns.wtf front-end to facilitate naming upon auction settlement
Name your Noun on NFTR for free with a naming credit granted for each newly acquired Noun
Further customize Nouns NFTR Profiles, integrating Nouns-specific utility (e.g. delegation plugin, vote bidding plugin, etc.)
These are some of the initiatives the NFTR team envisions will be proposed:
Team expansion Funding permits core team to work continuously on NFTR, in addition to funding additional hires to accelerate development (frontend + backend), event indexer, maintenance, and community-facing roles, etc.
Marketing and Business Development Promotion + NFT community education on the utilities of NFT Naming, as well as its essential nature in support of ERC-6551.
NFT Conference Sponsorship + Promotion ⌐◧-◧ x NFTR sponsorship at worldwide 2023-2024 NFT conferences
NFTR PropHouse ⌐◧-◧ x NFTR will create a PropHouse to solicit community-built utilities and dApps that leverage the universal NFT namespace.
Auditing The completed NFTR ecosystem includes new smart contracts that must undergo auditing to ensure their security and safety for trustless + immutable NFTR DAO ownership and operation.
