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Weekly Cross-Chain Newsletter 02/10/23
About the newsletter: We believe the best way to predict the future is to create it.
n00uns DAO is an ambitious multi-chain DAO proliferating via the @nounsdao protocol and @y00tsNFT. This newsletter provides updates on what the DAO is building and serves as a bridge of information to introduce Nouns on ETH to the Solana and Polygon ecosystems and vice versa.
Support the DAO ☕️: n00uns DAO formally backed y00ts Coffee in their proliferation of Nouns via our mutual love for coffee. y00ts Coffee is providing directly sourced beans (top 3% in the world) to web3 consumers. Buy coffee today and they will give 25% of revenue to the n00uns DAO treasury.
n00uns DAO Updates, by @BigsbyWest
How to Capitalize on Market Opportunities, by @LitecoinYagami
The Solana Phone will change your world, by @BagAmbitious
Nouns DAO Weekly Recap [01/30/23 - 02/05/23], by @blues_content
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① n00uns DAO Updates
👥 Author: @BigsbyWest
📈 n00uns DAO on The Lil Nouns Show and a Teaser of the n00uns NFT Collection
Last week, @NFTomics, @BigsbyWest, @JerkTerror, @blues_content, @DeFiExplained, and other core members of the n00uns DAO team, spent some time chatting with @April_xyz and @EnglishNFTea on The Lil Nouns Show. We provided an update on our ambition go build multi-chain.
During the Spaces, some alpha was dropped regarding the @n00unsNFT collection. This is a unique hand drawn collection of pixel characters by @PencilxArt, a legendary artist on Solana who was one of the core artists for the @y00tsNFT collection.
The n00uns (pronounced ‘noons’) will be at the center of the once daily auction experience, due to launch on Polygon this quarter. Similar to Nouns DAO, 100% of the proceeds earned from each auction will fund the n00uns DAO treasury, which in turn will be used to fund brilliant and culture-impacting ideas.
🎟️ A Chance to Win a y00ts Noun
In partnership with Famous Fox Federation, one of Solana’s premier builders, today marks the start of a second raffle of a beautiful @y00tsNFT Noun with the iconic red Nouns glasses, the y00ts Blue Sky hoodie trait, and rockstar hair.
Tickets cost 0.99 SOL and by winning the raffle, you obtain membership to n00uns DAO. The raffle will run for four days and end on Tuesday.
👓 y00tsb00th: A Premium Trait Swapping Service
There has been a lot of excitement over the upcoming bridge of @y00tsNFT to Polygon. Much has been said of the perfect storm that is forming between brands on Polygon and the marketability of y00ts for mass consumption. In the last few weeks, @frankdegods and @kevindegods have teased what a brand sponsorship might look like, where a brand chooses to sponsor a y00ts club with a specific trait and in return, an entire club of y00ts holders flex a customized brand logo or trait on their respective PFPs. Conversely, imagine brands incorporating these y00ts into their advertising and merchandise. It’s a potential win-win scenario for both sides and a step forward for the NFT space.
What has been equally exciting, has been the launch of @y00tsb00th, a premium trait swapping service for y00ts holders developed by the team of @ilyich__, @pathelin, and @theirishman_eth. The unique platform allows y00ts NFT holders to enhance and personalize their y00ts for customized brand assets.
In only a few short weeks since launch, they have amassed an incredible following from the y00ts community. Their website allows y00ts NFT holders to enter in their NFT ID# and easily swap out clothing traits or add celebratory touches to their PFP.
For example, in anticipation of SuperBowl LVII, the y00tsb00th team launched their f00tball collection.
To celebrate y00ts holders reaching 100K points for staking their y00ts NFT, the team allowed holders to customize their NFT with a gold 100K shoey.
Although the metadata of the NFT itself is not being updated, the ability to swap and add traits makes us think, are PFPs the new advertising billboards? 💥 We think so. In recent weeks, the team also launched a “W” collection as well as a Polygon collection.
Why is this a game changer? It creates a surprisingly fun flywheel of ownership, social media sharing, and community building akin to a group of avid collectors. NFT holders are able to accessorize their own PFP in new ways, share it on Twitter, and in turn, connect with other y00ts holders.
Customized traits on NFTs or PFPs are not new. But what is remarkable about y00tsb00th is that they have created a premium service that not only brings community members closer through different trait releases and collections, they’ve set up a platform that enables a simple and seamless customization experience.
A n00uns DAO 🤝 y00tsb00th Partnership
Today, we are thrilled to announce the launch of the first premium n00uns DAO trait swapping service where members of n00uns DAO can upgrade their traits and showcase their IRL career and lifestyle within the DAO. Whether you’re a “builder”, “founder”, “creative”, or “professional degen”, you can now flex not only your y00t PFP, but also your IRL career, experience, and role within the DAO. It cannot be said enough how much of a game changer this is for PFPs as it adds another social identifier and point of connection.
Importantly, y00tsb00th will be sharing the revenue generated from all sales with n00uns DAO, in an effort to support the growth of the DAO's treasury and fund the future development of the y00tsb00th app. This partnership marks a new milestone in the evolution of our DAO, and we are proud to be the first club to adopt this model. We are confident that we will not be the last.
To learn more about the incredible things y00tsb00th is doing, visit their Twitter and give them a follow. If you already own a y00t NFT and want to try and customize your y00t, you can visit their website.
② How to Capitalize on Market Opportunities
We will cover:
➼ Reading Charts
➼ Size Trading (Conviction)
➼ Expected Value
➼ Utilizing Resources
➼ Networking Efficiently
1) Reading Charts
This is a crucial skill that you can't afford to ignore. For example: You can make quick profits through swing trades. To swing trade, you must understand: volume, listings and chart patterns.
Use @solsniperxyz once daily for 10 mins.
Analyze correlations between listing and price.
Technical Analysis is a tool not a meme.
Read more about basic chart patterns here.
2) Size & Conviction
The best traders trade with SIZE, aka investing into multiple units (of a trade).
To trade with size you need: Capital, research, conviction, and high tolerance.
Get Started: You can't have conviction without doing your own research (DYOR). Use @YORD_Wiki to help you. You can't size trade with capital. Learn how to build it here. You can't have high tolerance without experience. Start trading.
3) Expected Value
Expected Value (EV) = Probability * Value of each outcome. Technical analysis is great, but with EV you can predict and capitalize on outcomes. If you master this concept you will feel like a psychic.
Get Started: EV applies to everything. It's a very simple concept in theory, but can get complicated in practice. It will take time. If you want to learn how, read this.
4) Stay in the Loop
The space is always changing. You need to know what's going on if you want to capitalize on every opportunity. Spaces and DAOs can be a MASSIVE waste of a time. Or an incredible use of it. Spend your time wisely to gain an edge.
Spaces I recommend, that will keep you up to speed:
@EasyEatsBodega, @NoFluffEnt, @CyberSamuraiNFT
DAOs I recommend, that will grant you alpha, job opportunities, WLs, and vibes:
@EverythingDAO, @insomniaDAO, @MonkeDAO
It's not about what or who you know. It's about who knows you and what they know. Improving your friendships and connections with people is paramount to your success. But don't overcomplicate it.
Get Started: Reach out to people you admire. Reply to large accounts (with value). Surround yourself with like-minded people. Get to know people for who they REALLY are. Read my FULL networking guide here.
③The Solana Phone will change your world.
👥 Author: @BagAmbitious
And before I tell you why, let's talk about smartphones.
Smartphones came out in a time where we needed them the least. But they completely changed how we operate.
They led to a paradigm shift in the world.
Unlike computers, smartphones are inherently personal & social.
So, the wave of innovation that followed smartphones was personal & social too. Think of all the apps that emerged: Uber, Airbnb, Instagram, Snapchat, DoorDash...
You name it.
Here's an example of how smartphones changed our world:
20 years ago, you had to go outside to find a taxi. Today, a car arrives right at your doorstep. And before the ride even starts, you and the driver both have access to each other's personal information.
This is just one example of how our world became increasingly personal and social.
Now, let's talk about the Solana Phone.
Solana wants to make the Web3 experience a mobile experience. And they're taking a shot at this goal with the SAGA. You might think this is a solid step forward.
But I think it's way bigger than that.
Solana is scaling the promises of Web3 technology.
We will witness thousands of applications built with the foundations of ownership, security & transparency. Imagine a Twitter where you own all your data & content. And imagine that at scale!
Not just on your computer...but on the device you carry with you everywhere.
As of now, this is an ambitious experiment.
And without a doubt, there will be a lot of obstacles along the way. But if done right, the Solana Phone can introduce blockchain technology to the masses. And the best part?
People won't be aware that they’re using blockchain technology.
④ Nouns DAO Weekly Recap
[01/30/23 - 02/05/23]
👥 Author: @blues_content
Proposal 216 - Mandated Round: Private Voting Research Sprint.
Votes: 166 For, 75 Against, 19 Abstain → Executed.
Total asking amount: $230,100.00 USDC (148.84 ETH)
Proposal 217 - Stake additional 5000 ETH in Lido.
Votes: 155 For, 22 Against, 25 Abstain → Executed
Total asking amount: 0
Proposal 218 (which we will dive into some more later) - Bring Nouns to 2m+ People over 15 Months at Japan’s Best Ski Resort and Integrate Nouns into the Alpine Subculture.
Votes: 158 For, 122 Against, 2 Abstain → Executed.
Total asking amount: $198,000.00 USDC (128.07 ETH)
Summary of the DAO Funds
1 ETH = $1546.00 At the time of writing this.
Total amount brought into the DAO from the daily auctions → 248.66 ETH (18.22 ETH more than the week prior), which amounts to $384,428.36
Total amount spent to fund proposals to the DAO → 276.91 ETH, which amounts to $428,100.00
Total votes casted → 479 For, 219 Against, 46 Abstain → 744 in total, across 3 proposals.
Diving into Proposal 218
I’ll be using some quotes from the proposal to aid me in providing an effective overview.
They’re asking for $198,000, which will ”Introduce nouns to an estimated +2 million people over 15 months (2 ski seasons), at the largest all-season resort in Hokkaido, Japan from January 2023 through May 2024.”
”Core initiatives will include IRL activations, physical/rideable features, posters, interactive engagement, education and sponsorship opportunities throughout the resort.”
They are going to have lots of it will captured by film makers & photographers. They will use this to compile a CC0 media bank → offering the nounish community assets to use in their productions that capture the nounish spirit in the alpine.
With this, they aim to spin up incredibly rich nounish content. This would have the potential of reaching the rest of the world outside of Japan, which they hope will also resonate with the global ski and snowboard community totalling 135 million people.
Founders @Benbodhi and @ThaSwami also co-Founded and launched Alps DAO in late 2022, which is a fork of Nouns DAO. The DAO is focused on establishing long term relationships with alpine resorts to proliferate Nouns, and has been self funded to date. Compared to one Noun a day, forever, Alps DAO brings one Alp every 3 hours, forever.
This is an outline of their timeline, for their proposal, through to May 2024.
Overall, their proposition received: 158 Votes For, 122 Votes Against & 2 Nouns Abstained → Resulting in it passing and being executed.
Total asking amount: $198,000.
This is an outline of their Funding breakdown, you would be able to find a more detailed breakdown in the proposition.
You can find comments from some of the Noun community members, regarding how they voted, here.
Common opinions were echoed. Some voted for because they love how nounish it is, and want nouns to be proliferated in real life more. They are also interested to see how the ski community receives & interacts with Nouns during this timeframe.
Some voted against because they believe the impact it will have on a large scale will be minimal. In addition, there were concerns that the time frame was too long & that the compensation requested for the team was too much.
If you would like to read the whole proposition, you can find it here.
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