NounsDAO approves funding for flagship NFT animated film project

03/15/2023 02:58 • Daily Digest • 104 views

On March 15th, the NounsDAO of the Web3 community approved a proposal to produce a full-length animated film that showcases its NFT characters. The budget for the first phase is set at $125000. According to the proposal, the pilot episode will be announced within 90 days, after which the Nouns DAO will decide whether to continue funding the project. Members of Nouns will be allowed to submit storylines and ideas for future installments.

The NounsDAO of the Web3 community will allocate $125000 to produce full-length animated movies

Analysis based on this information:

The NounsDAO of the Web3 community recently approved a proposal to produce a full-length animated film that showcases its NFT (Non-Fungible Token) characters. The budget for the first phase is set at $125,000, which will be used to create the pilot episode. If the pilot is successful, further funding will be decided by the DAO.

The NounsDAO is a decentralized autonomous organization that encourages participation from the community. It’s a platform where NFT creators can showcase their artwork and receive support from avid collectors. The DAO works on a voting structure, where all members have an equal say in proposals related to funding, expansion, and governance.

While the community surrounding the NounsDAO is primarily focused on collecting digital art, the proposal for an animated film adds a new dimension to the platform. This strategic move brings the NFT characters to a wider audience, potentially increasing their value as collectibles while building an entertaining narrative for viewers.

With the budget set at $125,000 for the project’s first phase, the NounsDAO has a clear intention of creating a high-quality product that will showcase the platform’s quality of art. The pilot episode will be announced within 90 days, after which the DAO will decide whether to continue funding the project.

One of the most exciting aspects of the NounsDAO animated film project is the allowance for members to submit storylines and ideas for future installments. This feature invites community participation and engagement, potentially increasing the value of the artwork and the NounsDAO platform.

In conclusion, the NounsDAO’s decision to fund a full-length animated film is a strategic move that propels the community forward. The budget set aside for the pilot episode indicates a willingness to invest in a high-quality product that will showcase the quality of the platform’s artwork. The community’s participation in future storylines and ideas only adds to the project’s potential success.

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NounsDAO approves funding for flagship NFT animated film project

The NounsDAO of the Web3 community will allocate $125000 to produce full-length animated movies

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