NFT Evening NFT Evening
    Facebook Twitter Instagram Reddit
    NFT Evening NFT Evening
    • News
      • Collectibles
      • Crypto Art
      • Blockchain games
      • Metaverse
      • Music
      • Interviews
    • Guides
      • Top NFT Projects
      • Top Blockchain Games
      • NFT Marketplaces and Tools
    • Learn here!
      • What is an NFT?
      • How to keep your NFTs safe
      • NFT Glossary
    • NFT Calendar
      • NFT Drops
      • NFT Conferences
    NFT Evening NFT Evening
    Collectibles

    Home » News » Collectibles » Lil Nouns: The Collection Dropping One NFT Every 15 Minutes, Forever

    Lil Nouns: The Collection Dropping One NFT Every 15 Minutes, Forever

    By OlaMay 11, 2022Updated:September 22, 20224 Mins Read

    If you’re a fan of the OG Nouns NFT collection, the Lil Nouns might be the project for you! Similar to their parent collection, a new generative Lil Nouns NFTs comes out on a regular basis. In contrast to the first collection, however, these NFTs are generated every 15 minutes for eternity (or, at least for as long as Ethereum is around).

    illustrated classroom with lil nouns NFTs
    Lil Nouns are an extension of the Nouns NFT universe. Credit: Lil Nouns

    What are the Lil Nouns NFTs?

    As is obvious from the name, Lil Nouns are basically a smaller, version of the Nouns NFTs they spun off from. “Nouns as kids” as it says on the Lil Nouns website. That is to say that they sport the same pixel art style and aesthetic as the Nouns.

    In essence, these NFTs will be the funding source for the Lil Nouns DAO – an expansion DAO based on the Nouns DAO. Thus, the goal of the Lil Nouns DAO is to expose more people to Nouns.

    One of the most unique things about these NFTs is how they become available. To explain, rather than dropping a full collection at once like most generative avatar collections, the Lil Nouns smart contracts generate and auction a new one every 15 minutes. Not to mention that this process will, in theory, continue indefinitely. Clearly, this is a riff on the Nouns, whose contracts produce and auction an NFT every 24 hours.

    Aside from its fascinating launch mechanism, Lil Nouns have some other features that NFT purists will love. For example, the Lil Nouns NFT art is stored directly on-chain, as opposed to on IFPS. What’s more, the art falls under the CC0 license meaning that it is in the public domain.

    And you don’t necessarily have to jump into an auction to enjoy the art! Indeed, thanks to the Lil Nouns “Playground” you can actually generate your very own Lil Nouns from its selection of traits. Naturally, these user-generated Lil Nouns are not official NFTs and are off-chain.

    eight Lil Nouns NFTs
    People can use the “Playground” to generate their very own off-chain Lil Nouns.

    The DAO at the heart of the project

    Of course, the most important element of the Lil Nouns NFTs is how they relate to the Lil Nouns DAO. As part of that, 100% of Lil Nouns auction proceeds immediately go to the Lil Nouns treasury. By the same token, each Lil Noun equals one vote in the Lil Noun DAO. As with most DAO tokens, votes are tied to the NFT and are non-transferable. Nevertheless, holders can delegate their vote to someone else if they wish.

    In other words, Lil Nouns holders get almost complete control of the Lil Nouns DAO. The only caveat to this is that the builders behind Lil Nouns – @0xsvg and @adelidusiam – built in a special veto right.

    As the “Lil Nounders’, these two included the veto right so that no malicious proposals could pass while the Lil Nouns supply is still low. Although rest assured, it exists purely as a failsafe and the founders would only use it as a last resort to protect the project.

    Eventually, the Lil Nounders will revoke their veto right. This will happen once the Lil Nouns NFTs supply increases and the DAO has a healthy distribution of votes.

    Clearly, with 20 ETH in its treasury at the time of writing, it’s still early days for the Lil Nouns. However, if the success of its parent collection is any indication, the Lil Nouns DAO and NFTs could well engage in some interesting initiatives as the project continues to grow.

    Interested in learning more about DAOs and how they relate to NFTs? Check out our amazing beginners’ guide on the topic!

    Join Our New "To The Moon" daily Newsletter

    Get our free, 5 minutes daily newsletter. Join 25,000+ NFT enthusiasts & stay on top 👊🌚

    Thank you!

    You have successfully joined our subscriber list.

    .

     


    All investment/financial opinions expressed by NFTevening.com are not recommendations.

    This article is educational material.

    As always, make your own research prior to making any kind of investment.

    Previous ArticleEnjin x New Frontier Partner To Bring Web3 Into The Tourism Industry
    Next Article OpenSea Finally Brings In Some Features To Detect Fake NFTs
    Ola

    Ola is a US-based writer and digital nomad. He loves thinking, learning, and writing about all things Web3, particularly its impact on major creative industries.

    More great NFT Evening content:

    Funko Pop! Release Teen Titans Digital Collectible NFTs

    January 23, 2023

    Budsies Release Phygital Plush NFT: Unicorn Steve

    January 20, 2023

    Bored Ape Yacht Club Sewer Pass Mint Makes Over $10M in Sales

    January 19, 2023

    Doodles Hire 3 New People to Accelerate the Brand

    January 17, 2023

    NFT Artist Apologises For Releasing Fake XCOPY Collaboration

    January 16, 2023

    DressX and Dundas Partner To Bring Digital Fashion To Roblox

    January 13, 2023

    Lightsum and Designer Weinsanto Launch a Metaverse Fashion Line

    January 13, 2023

    Mark Wahlberg and Dwayne ‘The Rock’ Johnson Partner With GALA games

    January 12, 2023
    Latest NFT News

    Web3 Gaming Platform, Fractal Expands Onto The Polygon Network

    January 26, 2023

    Oreo Biscuits Creates Its Own Oreoverse Metaverse

    January 26, 2023

    Kevin Rose Gets Scammed For Millions Worth Of NFTs

    January 26, 2023

    Alethea AI Launches Text Prompt to NFT Avatar App: CharacterGPT

    January 26, 2023

    Pudgy Penguins Lil Pudgys Can Now Travel Across Chains!

    January 25, 2023

    GEN-X NFTs: The ’80s-Themed Collection Designed for an Entire Generation

    January 25, 2023

    Queer Museum of Digital Art Drops First Artist Grant Program NFT

    January 25, 2023

    Floor Acquires WGMI.io to Help Achieve its Mission

    January 25, 2023
    Get The FREE Exclusive Report
    CLICK HERE

    NFTevening is the biggest website for NFT news. We cover; breaking news, upcoming mints, plus, interviews with top NFT artists and projects. Put simply, we are the best place for new and experienced non-fungible token fans — making content fun & accessible

    Privacy policy
    Terms and conditions

    Article Categories
    • Blockchain games
    • Collectibles
    • Crypto Art
    • Guides
    • Interviews
    • Metaverse
    • Music
    • News
    • NFT Marketplaces and Tools
    • Sponsored Content
    • Top Blockchain Games
    • Top NFT Projects
    NFT Calendar
    • Today’s NFT Drops
    • Upcoming NFT Drops
    • Solana NFT Drops
    • NFT Calendar
    • NFT Calendar : Add Your NFT Event
    Get In Touch
    • Advertise (Media Kit)
    • Collaboration and Press Releases
    • Job Opportunities
    • About Us
    • Contact Us
    NFT Beginners Guides
    • How to Sell NFT Art
    • How to Create NFT Art
    • How to Display NFT Art
    • How To Make Passive Income With NFTs
    • Best Crypto Wallet
    • Best NFT Coins
    • Best NFT Rarity Tools
    • What is a DAO ?
    • What Are Crypto Gas Fees ?

    Type above and press Enter to search. Press Esc to cancel.