Nouns DAO

What

Coinbase created a “Stand with Crypto” open edition. It is a free mint and Zora is donating their $1 fee to the Gitcoin Crypto Advocacy Round.

The mint has taken off, with over 46k minted at the time of writing. Many people on Twitter are minting and tweeting about it to signal solidarity. The mint amount leaderboard has become a sort of signaling contest, with the top 8 currently

• kames.eth • 2024 items
• context.app • 2000 items
• zapper.eth • 1200 items
• rk6.eth • 1200 items
• m.jesse.xyz • 1100 items
• moonwelldefi.eth • 1000 items
• kevin0x4a.eth • 1000 items
• villagechief.eth • 300 items

We are proposing

1. Nouns DAO attempt to claim the top spot on the leaderboard by minting 5k of the “Stand with Crypto” NFT.
2. Nouns DAO donate 55 ETH–$103k at time of writing–to the Gitcoin Crypto Advocacy round, doubling the current matching grant. (Funds will be sent to the Gitcoin multisig.)

Note, the Gitcoin round will be concluded by the time this proposal could be executed, but we have been in touch with the Gitcoin team and they are happy to make it work: payouts will happen with some delay after the round is over, so our funds can easily be added to the matching pool. (The matching funds will be allocated at the end of the round to the grantees based on the level of support they all received during the round. More details on matching here.)

Why

• Because it is a good thing to do: It is a crucial time for crypto, from a regulatory perspective. The work being done by the organizations in this Gitcoin round is important and we all benefit from it. We also help by signaling our support and raising awareness of the effort.
• Because it is Nounish: we see generosity and funding things that benefit the crypto community, at large, as core Nounish values.
• Because it is good for Nouns DAO: giving money to support crypto helps us build good will in the crypto community and attract community members who want to buy a Noun, or join the community generally, because they want to be a part of supporting similar work. There is also significant attention on this mint right now, and the mint amount “leaderboard,” and we see this as a unique timely marketing opportunity.

Thanks for your time :)