ProposalsProposal 380
ProposalsProposal 380
NFTR, the first and only NFT Naming Registry on Ethereum, is requesting 80 ETH to seed its Nounish DAO Treasury. In Nounish DAO fashion, 1 daily NFT = 1 vote, will determine NFTR funding initiatives. In return for the funding, Nouns DAO will receive 10% of the supply in perpetuity. In addition, NFTR will direct 5% of daily auction proceeds to the Nouns DAO treasury up to 80 ETH.
NFTR allows naming any ERC-721 with a globally unique name across all Ethereum.
NFTR DAO will eternally proliferate Nouns as sponsor of the NFT Naming standard.
The up and coming standard -- ERC-6551’s Token-Bound Accounts turn NFTs into active onchain identities that can do anything an EOA / smart contract wallet can do. Active NFTs and their accounts need human-readable names for reference and reach.
This initiative expands Nouns’ addressable market to all NFT holders.
DigitalOil is the founder and CEO of NFTR. Team includes 1 BD lead, COO, 2 more devs, and a designer. Development began in Q3 2021. Before going full-time web3, DigitalOil was an iOS developer, satcom engineer, and logistics business executive. He was behind Prop 199 and worked on Private Voting (recently won the Nouns Private Voting contest) Research funded by Nouns. DigitalOil also recently founded The Panama DAO, in the image of Nouns DAO, which was pre-seeded 1 ETH by Nouns Prop House and subsequently seeded 20 ETH by a Builder DAO Incubator round.
For more on DigitalOil’s thoughts about Nouns, please refer to his Nouns Agora statement.
Note that DigitalOil has fronted all NFTR founding expenses (over $400k worth) since inception, ~19 months ago. NFTR has never raised seed funding.
NFTR (NFT Registry) is a universal, permissionless NFT Naming Registry on Ethereum.
NFTR allows naming any ERC721 with a globally unique name across all NFTs.
It's comparable (albeit different architecturally) to ENS for naming NFTs instead of wallets.
Naming an NFT grants the NFT a NFTR Profile with soon to be integrated ERC-6551 functionality (a new standard for Token Bound Accounts) and extensive utility.
NFTR provides an API so that any platform can pull and display names alongside NFTs.
For more details on protocol architecture, visit NFTR.name to view our Docs, try our live dApp, view NFTR Profiles at [name].NFTR.name, or engage on our Discord.
Nouns that have been named on NFTR. JellO.nftr is the Nouns DAO-owned Noun that was named on NFTR via Prop 280. JellO can be interacted with by visiting jello.nftr.name in any web browser.
NFTs need the accessibility afforded by simple, unique names.
The rise of ERC-6551 Token Bound Accounts accelerates the inevitable onchain use of NFTs as our identities.
A universal NFT Naming Registry unlocks limitless NFT-centric app potential, hosted within NFTR Profiles, allowing you to BE your NFT.
Current "web3" ID jumble
All representing a web2 account who may not own the displayed NFTs or domains.
NFTR Names and Profiles provide
For an expanded vision behind NFTs as identities, refer to this article by DigitalOil.
NFTR Names unlock usage of NFTs as our identities. NFTR Profiles at [name].nftr.name facilitate and embed the following utilities (bold still under development):
Integration of ERC-6551 features will operate a named NFT’s TBAs (Token-Bound Accounts) and associate them with a subdomain, making the TBA reachable by referring to the subdomain (e.g. banking.DigitalOil.nftr).
As an extension of an NFT's naming history, NFTR will develop the first NFT-event specific indexer. The indexer searches and detects all events related to an NFT, including:
Distributing ownership of the contracts and treasury of an Ethereum-wide primitive to a decentralized DAO is the ultimate proliferation of Nouns: perpetuating the ideal on-chain governance model.
We view Nouns as the purest instantiation of a DAO and are interested in adopting the Nouns DAO model for control and proliferation of the NFTR protocol.
NFTR has been bootstrapped to date. A funding infusion will accelerate development at a critical time, facilitate NFTR’s first marketing efforts, and permit other initiatives to cement NFTR into its sensible role as a necessary and universally adopted public good.
The Nouns community is full of individuals concerned with innovation and the welfare of web3. We’d be honored to enlist your support and advocacy, both as a Nouns brand and as a collection of highly sensible and web3 native individuals.
From ERC-6551's whitepaper:
ERC-6551 Abstract: “This proposal defines a system which assigns Ethereum accounts to all non-fungible tokens. These token bound accounts allow NFTs to own assets and interact with applications, without requiring changes to existing smart contracts or infrastructure.”
Another quote: "Each token bound account is owned by a single ERC-721 token, allowing the token to interact with the blockchain, record transaction history, and own on-chain assets. Control of each token bound account is delegated to the owner of the ERC-721 token, allowing the owner to initiate on-chain actions on behalf of their token."
If ERC-721s (NFTs) are to be so active, they must be simply and uniquely identifiable.
ENS, fundamentally, provides this service to Ethereum wallets.
NFTR, natively, provides this service to NFTs and ERC-6551 Users.
As ENS provides limitless value and utility beyond reach/reference, so does NFTR.
NFTR Names can be easily integrated by ABI/API call into:
Integrated NFTR Names are:
NFT Names are registered in NFTR’s Registry Contract. They are unique, meaning that no two NFTs can simultaneously hold the same name. They are NOT tokens or NFTs themselves. This brings the following benefits:
Names are alphanumeric strings with no leading or trailing spaces, and are case sensitive for display purposes. But case-insensitive for duplicity purposes.
107 Verse: Narrowly passed before funds were returned. Conflicted results due to purchase of equity in a non-Nouns project (Verse). Relation to our prop: NFTR is requesting DAO funds, not selling equity. NFTR is Nounish in DAO structure, and will feature ⌐◧-◧ in daily NFTs.
189 SharkDAO: “I see these types of proposals as "cultural venture investments", similar to our @nounsbuilder funding… we just need to know whether a) we trust that the subDAO will steward those funds in a way that is positive for Nouns DAO, and b) if the cumulative ask is an amount of our treasury we are comfortable "locking up" until we see the cultural ROI from that spending.” Relation to our prop: NFTR can be viewed as a venture investment, though all funds will be incrementally added to the NFTR DAO, and their usage will be determined by DAO members (20% NFTR team, 10% NounsDAO). As a contributing member of Nouns and an innovator in the space, it can be reasonably assumed that DigitalOil will be an admirable steward of NFTR and its association to the Nouns brand and DAO model.
284: PizzaDAO: Executed prop to fund PizzaDAO’s global pizza party, featuring Nouns branding and Noggle props. Here, Nouns served as sponsor for another DAO’s mission while perpetuating the Nouns meme. Relation to our prop: Not only will Nouns’ branding be integrated into NFTR’s NFTs and platform; NFTR’s DAO structure will inherently mimic the ideal web3 standard established by NounsDAO, eternally perpetuating the meme and the model.
Multiple revenue streams that will flow to the NFTR DAO Treasury.
Supply every Nouns NFT (forever) with a Naming Credit (existing and future), good for a free name + associated NFTR Profile (accessible by [name].nftr.name). This includes development of a PR into the nouns.wtf front-end to facilitate naming upon auction settlement
Further customize Nouns NFTR Profiles, integrating Nouns-specific utility (e.g. delegation plugin, vote bidding plugin, etc.)
These are some of the initiatives the NFTR team envisions will be proposed:
Team expansion
Funding permits core team to work continuously on NFTR, in addition to funding additional hires to accelerate development (frontend + backend), event indexer, maintenance, and community-facing roles, etc.
Marketing and Business Development
Promotion + NFT community education on the utilities of NFT Naming, as well as its essential nature in support of ERC-6551.
NFT Conference Sponsorship + Promotion
⌐◧-◧ x NFTR sponsorship at worldwide 2023-2024 NFT conferences
NFTR PropHouse
⌐◧-◧ x NFTR will create a PropHouse to solicit community-built utilities and dApps that leverage the universal NFT namespace.
Auditing
The completed NFTR ecosystem includes new smart contracts that must undergo auditing to ensure their security and safety for trustless + immutable NFTR DAO ownership and operation.
NFTR, the first and only NFT Naming Registry on Ethereum, is requesting 80 ETH to seed its Nounish DAO Treasury. In Nounish DAO fashion, 1 daily NFT = 1 vote, will determine NFTR funding initiatives. In return for the funding, Nouns DAO will receive 10% of the supply in perpetuity. In addition, NFTR will direct 5% of daily auction proceeds to the Nouns DAO treasury up to 80 ETH.
NFTR allows naming any ERC-721 with a globally unique name across all Ethereum.
NFTR DAO will eternally proliferate Nouns as sponsor of the NFT Naming standard.
The up and coming standard -- ERC-6551’s Token-Bound Accounts turn NFTs into active onchain identities that can do anything an EOA / smart contract wallet can do. Active NFTs and their accounts need human-readable names for reference and reach.
This initiative expands Nouns’ addressable market to all NFT holders.
DigitalOil is the founder and CEO of NFTR. Team includes 1 BD lead, COO, 2 more devs, and a designer. Development began in Q3 2021. Before going full-time web3, DigitalOil was an iOS developer, satcom engineer, and logistics business executive. He was behind Prop 199 and worked on Private Voting (recently won the Nouns Private Voting contest) Research funded by Nouns. DigitalOil also recently founded The Panama DAO, in the image of Nouns DAO, which was pre-seeded 1 ETH by Nouns Prop House and subsequently seeded 20 ETH by a Builder DAO Incubator round.
For more on DigitalOil’s thoughts about Nouns, please refer to his Nouns Agora statement.
Note that DigitalOil has fronted all NFTR founding expenses (over $400k worth) since inception, ~19 months ago. NFTR has never raised seed funding.
NFTR (NFT Registry) is a universal, permissionless NFT Naming Registry on Ethereum.
NFTR allows naming any ERC721 with a globally unique name across all NFTs.
It's comparable (albeit different architecturally) to ENS for naming NFTs instead of wallets.
Naming an NFT grants the NFT a NFTR Profile with soon to be integrated ERC-6551 functionality (a new standard for Token Bound Accounts) and extensive utility.
NFTR provides an API so that any platform can pull and display names alongside NFTs.
For more details on protocol architecture, visit NFTR.name to view our Docs, try our live dApp, view NFTR Profiles at [name].NFTR.name, or engage on our Discord.
Nouns that have been named on NFTR. JellO.nftr is the Nouns DAO-owned Noun that was named on NFTR via Prop 280. JellO can be interacted with by visiting jello.nftr.name in any web browser.
NFTs need the accessibility afforded by simple, unique names.
The rise of ERC-6551 Token Bound Accounts accelerates the inevitable onchain use of NFTs as our identities.
A universal NFT Naming Registry unlocks limitless NFT-centric app potential, hosted within NFTR Profiles, allowing you to BE your NFT.
Current "web3" ID jumble
All representing a web2 account who may not own the displayed NFTs or domains.
NFTR Names and Profiles provide
For an expanded vision behind NFTs as identities, refer to this article by DigitalOil.
NFTR Names unlock usage of NFTs as our identities. NFTR Profiles at [name].nftr.name facilitate and embed the following utilities (bold still under development):
Integration of ERC-6551 features will operate a named NFT’s TBAs (Token-Bound Accounts) and associate them with a subdomain, making the TBA reachable by referring to the subdomain (e.g. banking.DigitalOil.nftr).
As an extension of an NFT's naming history, NFTR will develop the first NFT-event specific indexer. The indexer searches and detects all events related to an NFT, including:
Distributing ownership of the contracts and treasury of an Ethereum-wide primitive to a decentralized DAO is the ultimate proliferation of Nouns: perpetuating the ideal on-chain governance model.
We view Nouns as the purest instantiation of a DAO and are interested in adopting the Nouns DAO model for control and proliferation of the NFTR protocol.
NFTR has been bootstrapped to date. A funding infusion will accelerate development at a critical time, facilitate NFTR’s first marketing efforts, and permit other initiatives to cement NFTR into its sensible role as a necessary and universally adopted public good.
The Nouns community is full of individuals concerned with innovation and the welfare of web3. We’d be honored to enlist your support and advocacy, both as a Nouns brand and as a collection of highly sensible and web3 native individuals.
From ERC-6551's whitepaper:
ERC-6551 Abstract: “This proposal defines a system which assigns Ethereum accounts to all non-fungible tokens. These token bound accounts allow NFTs to own assets and interact with applications, without requiring changes to existing smart contracts or infrastructure.”
Another quote: "Each token bound account is owned by a single ERC-721 token, allowing the token to interact with the blockchain, record transaction history, and own on-chain assets. Control of each token bound account is delegated to the owner of the ERC-721 token, allowing the owner to initiate on-chain actions on behalf of their token."
If ERC-721s (NFTs) are to be so active, they must be simply and uniquely identifiable.
ENS, fundamentally, provides this service to Ethereum wallets.
NFTR, natively, provides this service to NFTs and ERC-6551 Users.
As ENS provides limitless value and utility beyond reach/reference, so does NFTR.
NFTR Names can be easily integrated by ABI/API call into:
Integrated NFTR Names are:
NFT Names are registered in NFTR’s Registry Contract. They are unique, meaning that no two NFTs can simultaneously hold the same name. They are NOT tokens or NFTs themselves. This brings the following benefits:
Names are alphanumeric strings with no leading or trailing spaces, and are case sensitive for display purposes. But case-insensitive for duplicity purposes.
107 Verse: Narrowly passed before funds were returned. Conflicted results due to purchase of equity in a non-Nouns project (Verse). Relation to our prop: NFTR is requesting DAO funds, not selling equity. NFTR is Nounish in DAO structure, and will feature ⌐◧-◧ in daily NFTs.
189 SharkDAO: “I see these types of proposals as "cultural venture investments", similar to our @nounsbuilder funding… we just need to know whether a) we trust that the subDAO will steward those funds in a way that is positive for Nouns DAO, and b) if the cumulative ask is an amount of our treasury we are comfortable "locking up" until we see the cultural ROI from that spending.” Relation to our prop: NFTR can be viewed as a venture investment, though all funds will be incrementally added to the NFTR DAO, and their usage will be determined by DAO members (20% NFTR team, 10% NounsDAO). As a contributing member of Nouns and an innovator in the space, it can be reasonably assumed that DigitalOil will be an admirable steward of NFTR and its association to the Nouns brand and DAO model.
284: PizzaDAO: Executed prop to fund PizzaDAO’s global pizza party, featuring Nouns branding and Noggle props. Here, Nouns served as sponsor for another DAO’s mission while perpetuating the Nouns meme. Relation to our prop: Not only will Nouns’ branding be integrated into NFTR’s NFTs and platform; NFTR’s DAO structure will inherently mimic the ideal web3 standard established by NounsDAO, eternally perpetuating the meme and the model.
Multiple revenue streams that will flow to the NFTR DAO Treasury.
Supply every Nouns NFT (forever) with a Naming Credit (existing and future), good for a free name + associated NFTR Profile (accessible by [name].nftr.name). This includes development of a PR into the nouns.wtf front-end to facilitate naming upon auction settlement
Further customize Nouns NFTR Profiles, integrating Nouns-specific utility (e.g. delegation plugin, vote bidding plugin, etc.)
These are some of the initiatives the NFTR team envisions will be proposed:
Team expansion
Funding permits core team to work continuously on NFTR, in addition to funding additional hires to accelerate development (frontend + backend), event indexer, maintenance, and community-facing roles, etc.
Marketing and Business Development
Promotion + NFT community education on the utilities of NFT Naming, as well as its essential nature in support of ERC-6551.
NFT Conference Sponsorship + Promotion
⌐◧-◧ x NFTR sponsorship at worldwide 2023-2024 NFT conferences
NFTR PropHouse
⌐◧-◧ x NFTR will create a PropHouse to solicit community-built utilities and dApps that leverage the universal NFT namespace.
Auditing
The completed NFTR ecosystem includes new smart contracts that must undergo auditing to ensure their security and safety for trustless + immutable NFTR DAO ownership and operation.