FOR x 🥌 🥌 🥌 ↳ sewerpipe.eth ↳ punk450.eth ↳ rafaelmiranda.eth

Throwing weight behind zero weight votes with reason.

(noun40 voting via agora)

I feel like ppl aren't really appreciating the BIG difference that V3 has from V2. dwiss is fronting the $100k production cost of the 1000 units now. the main issue i had with V2 was that it didn't feel like the producer was taking any financial risk and we weren't sure if the units would sell. I'm happy to subsidize $100 per nouns branded watch that someone actually pays $139 to buy and wear. the main question for me was always whether this thing would sell and the fact that we would just pay for the production of 1000 units upfront felt potentially wasteful and not incentive compatible with the producer. in V3 dwiss is risking $100k of their own money to make these and if they don't actually sell 500 units at a minimum they get zero of our subsidy funding (they need to sell out 1000 units for the second tranche). that's a substantial amount of financial risk and is dwiss demonstrating that they actually believe what they are purporting (that they can sell these 1000 units to ppl that will pay $139 for them each). i think this is a significant improvement from V2 and if dwiss truly thinks they can sell these to watch lovers and are taking essentially as much financial risk as we're funding here for the marketing and such then i say let's take the risk and see how this goes! i was skeptical but i'd be happy to be proven wrong and i also love chris carella's vwr. i might not wear this watch every day (since I don't where watches) but i might put it on when i go to crypto events like eth denver and have it as a potential conversation starter. that sound fun and i'll be buying one. looking forward to seeing these sold rafael and fabio!

The Nouncil has spoken.

We discuss all Nouns proposals every week in our Discord https://discord.gg/fdjJpMeV6K. The calls are public and all are welcome!

You can find previous call recordings here: https://nouncil.notion.site/30328df718424f17a623859018497fc2?v=806b5234a2a34b619c3d5028bcd879f0&pvs=4

For - Wins

FOR - 28 VOTES

borg00000 | "RETURN OF THE NOG"

greta_gremplin | "It looks cool. I was wondering if the side of the watch that don't tell the time could be a solar panel... so the watch could be solar powered."

akva556 | "send watches"

benbodhi | "I'm all about these watches. This would have me wearing one again for the first time since I was a kid."

bigshotklim | "this is a really fun, quirky Nounish design that should be prototyped and market tested. I hope that the builders lean into the other funded community members to help push the project forward . I love it"

AGAINST - 13 VOTES

peterpandam | "I understand the desire for luxury goods but I feel like we should be putting our energy and funds towards promoting digital goods instead."

ABSTAINS - 4 VOTES

I am for and against different parts of these proposals, so I will be voting abstain. On the one hand, this proposal is useful for helping Nouns determine whether Nounish crowdfunding campaigns can reach a general audience. On the other hand, this proposal sells the watches for close to at cost, limiting knowledge about whether Nounish products can find sustainable business models.

For: Indiegogo campaign funding. While the price is high, a well-done demand test is useful for both this project and the DAO. Can non-Nouns crowdfunding succeed with a general audience? Maybe, and learning the answer here would be useful. If Nounish projects should seek sustainability long-term, knowing whether crowdfunding is viable is a useful path.

Against: Milestone support being bundled into this proposal. I would rather see the team price the watches at a level that lets them make a profit. I understand that generating demand via a low price on Indiegogo is useful, but Nouns is effectively subsidizing this if the sales are successful. If we can't sell the watches at a price that makes a profit for the team, then we haven't learned as much about the ability for Nounish projects to sell physical products outside of Nouns. If we view the success fee as not a subsidy but instead as marketing spend, Nouns paying $100 per watch-on-wrist seems steep in that light. (If this project took off, I would be in support of retro funding, but an upfront success fee shouldn't be the primary way that the team makes money in my opinion.)

Learning whether Nouns can sell physical products outside of Nouns successfully is useful. Doing a campaign well teaches us useful information. But selling the watches nearly at cost dilutes what we learn, reducing the benefit from this kind of campaign.

Unfortunately, I do not like the design and quality of the watches. Thank you to the team for your initiative; I hope you continue contributing to Nouns with new ideas.

sent from voter.wtf

It’s an interesting concept, however I don't agree with the funding model proposed.

We are paying for a very expensive marketing campaign which will be used to raise a second round of funding. Once again it looks like the DAO is taking on all the risk seeing as only what’s raised at indiegogo will be produced.

For me it would make a lot more sense to use the 69K to produce X number of watches and test product market fit, if it’s a success then return to the DAO with an expansion prop.

The “milestone support” also doesn’t make sense. What are we paying for exactly? I would much rather see it go the other way around with some revenue being returned to the DAO.

Another nitpick I have is saying “brand image risk”. I would love to have clarification on what the proposer meant by this. There is no obligation for Dwiss to be associated with Nouns if it's not in their best interest.

I'm unconvinced on the proliferation value here. I appreciate the repeated attempts, but I don't think this makes sense to fund at this time.

What brennen, necfas pointed out.

As a delegate, I was going to abstain but looking at proposers acting out / lashing out on warpcast isn't very confidence inspiring. https://warpcast.com/dwiss/0x316e1711

https://www.lilnouns.wtf/vote/nounsdao/480/votes FOR 79 VOTES 0xADa31Add8450CA0422983B9a3103633b78938617 | "LIL NOUNCIL HAS SPOKEN Delegate to Lil Nouncil here -> https://lilnouns.wtf/delegate?to=lilnouncil.eth" AGAINST 57 VOTES 0x9e0e9D25a5ED9bc773f91691f0b45599255257B1 | "I'm skeptical of Nouns Watch due to market saturation, centralized marketing, and unproven success. It is important to exercise caution." ABSTAINS 0 VOTES

Thank you, everyone, for reviewing our proposal. Remember to vote for the community, not for oneself, because we are building something for a larger group, not an individual. Just because you may not wear Versace (just as an example, it could be any other brand) doesn't mean they are not successful in a very saturated market. Let's think about a group, let's think bigger, let's get watch lovers to love Nouns as well. The watch industry is huge, and there's enough space for Nouns to grow in it. Nouns cannot only work digitally; in-real-life connections are much stronger. Nouns Watch will introduce more people to the Nouns.

There are two important way to proliferate Nouns, increase awareness and thus increase Network Value. One is highly scalable software and media the other is in real life connections. They are both important but I would argue real life connections create instantly stronger bonds. Even those who have been pilled on the Internet feel a stronger connection to Nouns when they meet and discuss it with other IRL. This is one of the best IRL proliferation devices I can imagine. If you've ever worn a watch that was in any way unusual, maybe you were an early Apple Watch user or maybe you had a uniquely design Nixon, then you know people will constantly ask you about it. This watch now gives you an opening to introduce Nouns to people wherever you are in real life. If you are at a dinner party or even a tech meetup, what gives you the opening to start talking people about Nouns, telling them the possibilities of onchain societies and telling them about all the good we do? Them asking about your watch would. I was lucky enough to wear a prototype of this watch at the Lisbon Farcaster meetup and countless people came up to me to ask me about it. It feels comfortable, it looks great and it let me spend most of the night talking about Nouns. I've been to many many other Farcaster meetups, where you just don't really have an opening to start talking about Nouns. So I'm completely pilled and sold on this watch and can't wait to wear one and talk to even more people about Nouns IRL. Additionally, this prop has gone through revisions and made changes to account for feedback and offers real downside protection. Fabio is a great advocate and builder in the Nouns ecosystem who has a growing success under his belt with Public Goods Beer. He's partnered with Rafael who is a fantastic designer and knows how to move watches and get attention. This is a hell yes vote for me.

+0 pipe

i really want to fund this, they are very cool, but i just don't see myself using them. +1 brennen.

I truly appreciate the constant effort to get funds for the watches, I just don't think watches are the right move. I personally don't think I would ever wear one and with that I don't think more than a few people ever would. Nothing against the product, just seems too goofy as a realistic product that people would wear, outside of showing off pictures for nounish clout.

I personally love The Nog, I know there was some sourness after previous prop failing but I would hate to see that get in the way of this product being realised. Idk about previous vwr stating "It has been estimated that Nouns has ~1,500 true fans"; not sure who estimated that or their definition of true fan but I'd knock a zero off that at least. Nouns Phone took a while to mint out 50 units and CC0-lib zine, i believe, is still yet to mint out 50 units..? So certainly something to consider here is perhaps a very low demand hence appreciate prop being very lean in structure. Gl.

As part of my participation in the UnfilteredNoun experiment, VWRs will be minted via bound.wtf

https://zora.co/collect/base:0xCD30F0641d0b5A0417547754b507187529eeB770?referrer=0x3E0E21C2B79224308222905a7AfEC7ba229ec1d2

—-

Nouns seeks to work with exceptional, accomplished, & interesting people.

Fabio hits the bar having founded Public Good Beer.

Rafael is a highly accomplished luxury watch maker who happens to have been Nouns-pilled. This proposal doesn't come from a place of need; Dwiss has enough work to keep him busy.

The NounsWatch is striking visual piece; like fine contemporary art with the remix of the og Swatch What If? with the Noggles and masterful implementation of a little-known and rarely used movement mechanism. The website they've built is excellent.

This is the 3rd attempt at this proposal, each version has cut closer and closer to the bare essentials; fitting given the history of the watch's movement and the circumstances the DAO finds itself in

It has been estimated that Nouns has ~1,500 true fans. Given interest in the auction and the treasury are trending down as the crypto market trends up, a go-to-market strategy could help turn spin up the memetic flywheel’s momentum

Recent proposals seem to imply the DAO is becoming less wary of IRL activations, assuming a high quality of execution. I think this is a net positive given the power that face-to-face conversation and handshakes have over digital interactions.

Putting these watches on the wrists of true Nouns fans to spark the curiosity of the communities they interact with and encourage conversations about Nouns could help shift the momentum.

This proposal more than meets the bar of quality, and the proposers are taking on the overwhelming majority of the risk.

$2.5k per month for 6 months of team compensation is lean compared to most Nouns proposals, especially given the work the team has put in to this proposal and its supporting elements

imo should meet them in the middle from their previous asks and send a total of $100k upfront to cover some production with another $50k if they sell 750 units