The vivid figures from Nouns, an Ethereum (ETH) NFT-based initiative that establish open-source IP, have already appeared in both the physical world and the virtual world, including a Super Bowl commercial and the traditional Rose Parade. They are now en route to bookstores and comic book retailers.
With a six-issue run of “Nouns: Nountown,” Titan Comics, which specializes in licensed comic books related to IP like “The Simpsons” and “Blade Runner,” will introduce Nouns to actual comic books beginning in April. It was penned by Titan Senior Editor David Leach and illustrated by Danny Schlitz with a Penguin Random House-scheduled graphic novel to follow.
The DAO, or decentralized autonomous organization, is a kind of tokenized online group made up of Nouns Non-Fungible Token (NFT) holders. The DAO has a whole lot of treasury to finance IP development and other projects, just like numerous other Nouns-related organizations. As of now, Nouns DAO is responsible for managing Ethereum (ETH) valued approximately $46 million.
The comic project in question was submitted by industry veteran Adam Fortier through his Comics DAO organization, in conjunction with the Nouns-centric collective SharkDAO, and was approved by an unanimous vote in August for a total of $210,000 in ETH. It is one of the most up-to-date initiatives to spread the Nouns IP via a mass-market channel.
Despite the fact that numerous readers may not be aware of the NFTs’ support, co- founder of pseudonymous Nouns 4156 stated that”it was the Non-Fungible Token (NFTs) that generated the on-chain incentives to have this item developed.” Nonetheless, the end user is never required to be aware of that.
Nouns DAO is not just using this as a licensing play. 1st of all, because Nouns is itself covered by a Creative Commons 0 (CC0) license, anyone can use and profit from all of its materials. Nouns comic books can potentially theoretically be created by anyone, but Titan Comics has developed relationships with merchants for distribution.
In addition, “Nouns: Nountown” will be made available with Ethereum (ETH) NFTs that provides access to digital issues and likewise serve as ownership crypto tokens for copies of the printed comics, with the likelihood of obtaining plenty of limited-edition variations.
The initiative offers two alternative Non-Fungible Token (NFT) rarity levels: the mosaic Non-Fungible Token (NFT), which costs 0.069 Ethereum (ETH) (about $115), and the generative Non-Fungible Token (NFT), which costs 0.3 Ethereum (ETH) (almost $500), with the latter comic covers displaying a randomly selected assortment of Nouns from the collection.
Every time, Titan Comics will take the 1st 420 comics off the press (and record the action for verification) and hold them in a safe deposit box for 4K, a startup that specializes in Non-Fungible Token (NFTs) backed by tangible objects. In addition, there will be a limited number of issues available for each Non-Fungible Token (NFT) presale, and the owner of each issue can ask the artist to depict any Nouns characters they like.
With its daily auction of a different vibrant pixel character, Nouns distinguished in the Non-Fungible Token (NFT) market. Each wears a variation of the trending Nouns spectacles (or “Noggles”) from the brand, but otherwise exhibits a variety of humorous characteristics, such as heads inspired by a pineapple, skateboard, igloo, flamingo, and numerous other objects.
What exactly is the Nouns comic book about given that jumble of avatars?
The official summary for the film describes it as
a truly touching coming-of-age movie about a small-town thimble salesman caught up in a politically charged espionage caper involving a stolen atom weapon, an autographed image of the Pope, and a man with a fox head.
In other terms, it is chaotic and nonsensical. Reports by Fortier, there are some mature aspects in the mix, such as a villain who is chopping up Nouns to cause a substitute for Beyond Meat. He was known the tone “so over-the-top” and “so ‘Looney Tunes’,” and stated it as “unrestrained anarchy with good intent.”
He made a joke about how the 1st issue had been stated as “exhausting,” comparing the task of highlighting so numerous Nouns characters to herding cats.
And once a comic book is created according to previously published Non-Fungible Token (NFTs) in an open-source IP, the creative team is likewise working with characters that other people may possess the original Non-Fungible Token (NFTs) of and feel a connection to. Reports by Fortier, their interpretation of these characters has already prompted some “angry responses” from Nouns proprietors.
He recalled that:
We essentially locked the author and the artist in a room and informed them not to use Twitter. Do not talk to them. It can hurt the creative process if people start pushing for their character to appear or act in a certain manner.
It’s a fascinating experiment and CC0 model test case. In addition, the comics are according to open-source characters, and the team will make the art files available to the public so that authors may create any derivative works they see fit.
To put it another way, it is entirely open-source but has been packaged to appeal to a wide audience. Fortier believes it gives an opportunity to captivate audiences with a story—and then possibly lead them to the cryptocurrency aspects that enabled the adventure come to life.
In terms of the difficulties of integrating the general public, he stated that when you mention the words “Web3” or “crypto,” people frequently have their eyes glaze over. “And you have a sense of fear or a sense of perplexity. It’s like sneaking people in through the back door just by telling a funny story.”
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The initiative has reached stage 4 and is now bringing in assets at a price of greater than $500k per week. Crypto Token prices will jump from $0.016 to $0.019 USDT in the fifth stage of the $MEMAG presale, an 18.75 percent increase. 7 stages make up the presale, with stage seven’s price hitting $0.023 USDT, a 43.75 percent increase from stage four.
Within the next 5 days, the Stage 4 phase will come to a close. Nonetheless, given the user’s growing traction, it could end sooner, perhaps during several days.
Potential investors must move soon to be able to take advantage of the alluring pre-listing buffer given how swiftly fundraising is picking up steam.