What is Lil Nouns?

Lil Nouns is a fork of Nouns: a generative non-fungible token project on the Ethereum blockchain. Like Nouns, Lil Nouns are 32x32 pixel characters based on people, places, and things. A Lil noun is generated every 15 minutes. Here are some examples of Lil Nouns:

this is gnars.com’s noun

this is gnars.com’s noun

this is a lil noun version of that noun

this is a lil noun version of that noun

more examples of lil nouns

more examples of lil nouns

Lil Noun Auctions

One lil noun is auctioned every 15 minute, forever. One interface for participating in Lil Noun auctions is lilnouns.wtf, which is a website built and maintained by the project founders ('Lil Nounders'):

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In the auction above, Lil Noun 985, which is the 986th Lil Noun (Lil Noun IDs start at 0) is for sale. The current bid is 0.88 ETH (Ether), and there are 4 minutes, and 32 seconds remaining in the auction. If this auction ends with no further bids, 0.88 ETH from whinfrey.eth ($1738.41 USD as of this writing) will be automatically and trustlessly sent to the Lil Nouns DAO Treasury and whinfrey.eth will win this Lil Noun, which means that the ERC-721 token will be transferred to their address.

You can see all the Noun ERC-721 tokens here: https://zora.co/collections/0x4b10701Bfd7BFEdc47d50562b76b436fbB5BdB3B

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Noun Auction Settlement

Because of the way Ethereum works, Lil Noun auctions must be settled after they are completed. The auction settlement transaction does three things: 1. it sends the current LILNOUN ERC-721 token to the winner of the auction, 2. generates the next Lil Noun, and 3. begins the next 15 minute Lil Noun auction.

Lil Nouns DAO

The Lil Nouns DAO treasury receives 100% of ETH proceeds from daily noun auctions. As of this writing, the Lil Nouns DAO treasury contains 701 ETH, the equivalent of $1,382,991 USD.

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Lil Nouns DAO, which is based on Nouns DAOs fork of Compound Governance, is also the main governing body of the Lil Nouns ecosystem. Each noun is an irrevocable member of Lil Nouns DAO and entitled to one vote in all governance matters.