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The Nounish Philosophy of Subtraction šŸ§®ā€‚by@bankless
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The Nounish Philosophy of Subtraction šŸ§®

by Bankless - MetaversalDecember 1st, 2022
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Nouns DAO announced plans to wind down its centralized Discord server for good. Nounlets DAO continues to be among the most important projects in NFTs because of its willingness to make these sorts of moves. Warner Bros. released a digital collectibles series based on the first Lord of the Rings film: The L.A. series: The Rituals - Venice series: SuperRare. Rarible unveiled its 2.0 platform, which provides aggregated listings, bespoke collection marketplaces, revamped $RARI rewards.

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Dear Bankless Nation, 

At this yearā€™s Devcon event, Ethereum Foundation executive director Aya Miyaguchi gave a talk on the EFā€™s philosophy of subtraction.

This entails subtracting power to avoid the ā€œnatural tendency of organizations to grow and accumulate power.ā€ Itā€™s all about fostering a strong decentralized Ethereum community that can thrive with or without the EF.

Interestingly, this week in the NFT ecosystem we saw this philosophy similarly embraced by Nouns DAO as the decentralized collective announced plans to wind down its centralized Discord server for good:

Why? 

To no longer have a single centralized ā€œofficialā€ venue where Nouns communications happen. Instead there will bloom many community venues and from that a stronger, more decentralized Nouns ecosystem.

Thereā€™s been plenty of debate about the decision. But in my opinion Nouns DAO continues to be among the most important projects in NFTs because of its willingness to make these sorts of moves. 

In other words, the group boldly pushes out opportunities rather than safely consolidating power, and I think thatā€™s special. Sometimes subtraction is addition. 

All that said, thanks for reading everyone. Now letā€™s get you caught up on on the other big NFT happenings from this week āœŒļø

-WM

šŸ“£ General NFT News

  • Quix is running an L2 NFT bridging contest through the rest of today. 
  • Rarible unveiled its 2.0 platform, which provides aggregated listings, bespoke collection marketplaces, revamped $RARI rewards, and more. 
  • Tessera is working on new features for Nounlets releases.

šŸ† Digital Collectibles

  • CryptoKitties Founder Cat #21 resold for 60Īž ETH this week:
  • Reddit Collectible Avatars, which are Polygon-based NFTs, now have ~3M holders
  • Warner Bros. released a digital collectibles series based on the first Lord of the Rings film:

šŸŽØ Cryptoart

  • The Lumen Prize presented artists Aaron Penne and Boreta with the 2022 NFT Award for their Rituals - Venice series:

šŸŽ® Decentralized Gaming

  • Axie Infinity unveiled a Halloween Bonus AXS Leaderboard Rewards campaign:

šŸ’½ Music NFTs

šŸŒ Virtual Worlds


šŸ’Ž DeFi x NFTs

Action steps

  • First published here.