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Nouns are an experimental attempt to improve the formation of on-chain avatar communities. Projects such as Cryptopunks have attempted to bootstrap digital community and identity, while Nouns attempt to bootstrap identity, community, governance, and a treasury that can be used by the community. The Nouns DAO, which utilizes a fork of Compound Governance, is the main governing body of the Nouns ecosystem. It receives 100% of ETH proceeds from daily Noun auctions. Each Noun is an irrevocable member of Nouns DAO and is entitled to one vote in all governance matters.
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