Nouns DAO

tldr: Commit to minting 6 ETH of Nouns Themed BasePaint dailys for three consecutive days (2 ETH per day).

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BasePaint is a shared pixel canvas. The community makes art for 24 hours. After which, the canvas locks, and an open edition NFT of the artwork is available to mint for 24 hours.

I propose committing 6 ETH to mint three days of Nouns themed canvases. For three days, the BasePaint theme would be whatever Noun is on auction at the time of which the BasePaint canvas opens. This is a fun initiative would accomplish a few things:

• Further cement Nouns into BasePaint works (noggles have shown up in a few works already: BP1, BP33, BP47 and BP71).
• Ten Nouns artists will be whitelisted for bronze BasePaint brushes to collaborate with the BasePaint community. If you’re interested, apply and mention Nouns.
• Support BasePaint crypto native artists
• Make our first transaction on an L2!

I’ve been in contact with the cofounders of BasePaint (Zach and WINTΞR) to set the themes for the days on which Nouns would be minting.

Logistics:

• We’d be using the BasePaint bot to commit the ETH.
• The proposal would be calling Base Portal contract on Ethereum which would both deposit and call the BasePaint bot contract.
• We’d be minting 699 each day (at a cost of 0.00286 per mint) for a total of 1.9999 ETH per day (699 * 0.00286).
• The mints would be under the DAO’s alias address so that the DAO can call it from L1 if it chooses to move them.

Timeline:

• Assuming the proposal passes, the mint would start 9 days after the proposal is put onchain (7 days vote turnaround + 2 days queued).

Where the ETH would go:

There’s a 10% fee that the BasePaint bot takes at mint. Once minted, 90% of the profits of the OE are distributed to the artists proportional to the number of pixels they painted. 10% goes to the protocol.

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A big thank you to solimander, backseats and wilson who helped put the tx together