Nouns DAO

Summary

A couple months ago small grants funded the prototyping of a luxury sunglass initiative by salvinoarmati: https://discourse.nouns.wtf/t/small-grant-request-create-luxury-noun-sunglasses-irl/658. This proposal is to fund the initial run and launch of the physical and NFT components of this project. More details here: https://ivory-pine-ebc.notion.site/NounsDAO-Proposal-29a658f763f74f958f7c6bd916533dbb.

Upcoming plan

We’re planning to launch these as an NFT collection of limited-edition glasses. Each NFT is consumable in the sense that it can be used once to redeem a physical pair. Once the NFT is used, a boolean value is flipped to indicate consumed status and the underlying tokenURI is permanently changed. A physical pair of sunglasses is then sent to you.

~7.2% of supply reserved for NounsDAO Treasury

The total supply of the collection will be 6969 units. This project would not have been possible without the NounsDAO and the treasury. As a thank you, we’ve decided to allocate ~7.2% of the supply to the treasury (500 units). We hope to make other such contributions as a thank you to the DAO in the future.

Custom Edition Glasses Just For Noun holders

We’re also making a custom “special edition” pair exclusively for noun owners. The design of these glasses will be based off of the under-appreciated and rare “disco” glasses featured on some nouns. There will only 500 of these glasses ever made, and will be available to the first 500 nouns during mint. This means, future nouns (up to #500) will also be able to receive the glasses.

High-level todos that still remain

• Create Smart Contract, Website, Minting, and Redeeming Experience.
  • Have had a preliminary call with @blequity at Zora and will be using Zora’s smart contract system to launch this NFT.
  • Both Signora Armati and I are software engineers so will be able to build most of this —but we may hire 1 or 2 engineers to accelerate the timeline.
• Finalize a storage/distribution facility for shipping the sunglasses.
  • We’ll need to organize a distribution facility which will serve a few functions:
    • Long-term storage of glasses (for those that are unredeemed or redeemed later)
    • We have items coming from multiple manufacturers (Sunglasses, Nouns Box, Carrying case, polishing cloth, thank you cards) — and will need an area to assemble and ship out all boxes.
• Promotional Video / Ad
  • We want to create a fun promo (IRL) video that showcases the glasses + nouns brand. We’ve had a preliminary call with @jasonmorena_ (who was previously the filmmaker for Gary Vee) who has expressed interest in creating an ad for us.
• Finalize glass design and create units at scale.

Funds Requested

• 115Ξ for creating the smart contract, website, promotional/marketing material (this will be most of the remaining work), distribution facility, and to start manufacturing.
• 1 Noun of the DAO’s choice upon successful delivery of the first physical pair of glasses.