The primary NFT (non-fungible token) challenge Nouns may also be in for a cut-up as a result of angry merchants who have abandoned its decentralized autonomous group (DAO). Numerous Nouns NFTs from holders who desire to fork the challenge have been placed in a NounsDAOForkEscrow contract that has been established.
The NounsDAO Fork page, which went live earlier today, states that at the time of writing, the fork treasury had a balance of more than 7700 ETH. Customers who wish to join the fork, also known as the new NounsDAO faction, which now owns 219 Nouns NFTs, have little over six days to return their Nouns NFTs.
The NounsDAOForkEscrow contract now has 22 Nouns NFTs that were purchased by one investor for 775 ETH ($1.2 million), according to a report by cryptocurrency journalist Colin Wu. This may be a sign of the strong support and momentum for the NounsDAO split, which is expected to end on September 16, 2023.
Numerous crypto groups on X (formerly Twitter) expressed the opinion that the NounsDAO fork was gaining popularity. Influencers in the cryptocurrency space such as DCF GOD openly endorsed the fork and emphasised the trend-give-up capability. After NounsDAO voted in favour of a v3 improvement that allowed forking, the feature was introduced.
According to data from the major NFT exchange OpenSea, Nouns had a total of 20,380 ETH ($33.3 million) and a floor value of 36 ETH ($58,800). According to NFT analytics platform CryptoSlam, Nouns NFT sales fell to $174,779 during the preceding 24 hours, a 23% decline. The split NounsDAO might have a treasury price of more than $12.7 million.
