NounsDAO Barrels Toward Treasury Split After NFT Holders Rally for ‘Rage Quit’

Under the crypto club’s newly enacted rage quit rules, if 20% of Nouns NFTs call for a “fork” they can split from the main group and take their share of the project’s 30,620 ether tokens (worth about $50 million at press time) with them. Each Nouns NFT is worth about 36.5 ETH ($59,600) in book value, giving the current fork a treasury of 7,598 ETH (about $12.4 million).

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• Source: https://www.coindesk.com/markets/2023/09/09/nounsdao-barrels-toward-treasury-split-after-nft-holders-rally-for-rage-quit/?utm_medium=referral&utm_source=rss&utm_campaign=headlines