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  "title": "Nounlets",
  "note": "I've dove into the Noun ecosystem at some length. I have a Lil Noun, a couple of Foodnouns, some YOLO Nouns, etc. But the original [Nouns](https://nouns.wtf) that sell one a day, still go for 60-90 ETH ($80,000-$120,000 USD) which is pretty wild to me. The project also has a 29,092 ETH ($41M USD) DAO treasury and only 447 DAO seats at the moment.\n\nLil Nouns is a way to engage in Nouns DAO at a lower price point since the DAO owns 7 Nouns. So, with my 1 Lil Noun I have 1 out of 6,293 votes that then controls 7 out of 447 votes in Nouns DAO. So that is 0.0158% of Lil Nouns voting power, to control 1.565% of Nouns DAO votes. So my 1 Lil Noun is 0.0002473% voting power in Nouns DAO. \n\nNounlets are a totally different approach. Nounlets take a Noun in NounDAO and you can buy a voting right in that Noun. You only by 1% voting rights, so the Noun is divided up into 100 and each lot is sold. Interestingly, 1 Nounlet gets you 0.0022% voting power in Nouns DAO, or 10x the voting power of 1 LilNoun. LilNouns go for 0.15 ETH minimum. Nounlets are going for about 1 ETH. About 6x the cost, for 10x the voting power. \n\nI’m honestly not all that sure what to make of all of this, but I find the process of exploring it very interesting.",
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