The end result was hanging, with greater than half of Nouns NFT holders selecting to half methods, leading to a staggering withdrawal of over $27 million price of ETH.
The fork witnessed the energetic participation of 472 out of 846 Noun NFT homeowners, roughly 56% of the overall, making a decisive transfer to withdraw practically 16,757 ETH from the present DAO Noun pool to the newly established DAO entity. This substantial sum equates to a price of 27.3 million USD.
This mass exodus sends a transparent message that a good portion of Noun NFT holders harbored doubts in regards to the present state of NounsDAO. The choice to go away en masse demonstrates a insecurity within the challenge’s ongoing trajectory.
Analyzing the info additional, it’s evident that the Noun NFT market has skilled a major decline. The ground value for these sought-after digital property, which peaked at a staggering $267,000 in December 2021, has now plummeted to roughly $57,700. This decline in worth underscores the rising discontent throughout the Noun NFT neighborhood and supplies extra context to the huge withdrawal.
The NounsDAO fork has thus develop into a focus within the evolving panorama of NFTs and decentralized governance. The departure of over half of its NFT holders, together with the substantial ETH withdrawal, raises questions in regards to the future path of the challenge and the challenges it faces in rebuilding belief and worth inside its neighborhood.
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