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Nouns NFT Community Splits via Fork as $27 Million Leaves Treasury

The Nouns NFT community experienced a fracture on riday when a proposed fork was completed, resulting in holders with over half of the NFTs leaving and withdrawing $27 million worth of ETH from the project treasury. The fork allowed the owners to join a new DAO organization and receive replacement NFTs with identical artwork, and members can opt to take a 35.5 ETH payment in exchange for their NFT. This move reflects a lack of confidence in the current Nouns DAO format and the declining market value of Nouns NFTs.

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The post News Explorer — Nouns NFT Community Splits via Fork as $27 Million Leaves Treasury appeared first on Crypto News Australia.

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Filed under: Bitcoin - @ September 15, 2023 11:03 pm