tldr:
Allocate another $150k to bring the total to $300k (3x100) in funding towards Nouns x Farcaster round in order to attract the best builders possible.
Context: Through proposal 498, Nouns voted to fund a Nouns x Farcaster round for $150k USDC where three teams will receive $50k each to run a three month sprint. Reflecting on the level of commitment that we’re asking for and our hope to attract the best builders possible - we may be undervaluing the task at hand. Top tier teams’ opportunity cost is far greater than Nouns’ current offer.
Additionally, given the small but real possibility of the new app becoming the everyday Nouns app - $150k does not properly price in the upside. Initially this app will try to solve for communication within Nouns but it may evolve to encompass more Nouns functions (governance, funding, etc) thanks to Farcaster’s expanding feature set. If any of these ideas play out, it is critical for us to do so with the best team(s) possible.
Lastly, capital is nowhere near as scarce as talent. It seems like a reasonable trade.
Logistics: The $150k would go into the same safe that the initial funds were sent to in prop 498.
