This prop will be a better fit when the holder base grows and I hope the team resubmits in the future.
Voting against as I do not see a big need for this product and can't imagine using it myself. Appreciate the time writing the proposal and wish the team well!
don't think there's not enough demand for this yet but I like the team and hope we can see them in the future for another prop
not enough demand for nouns OTC atm, sudoswap works great and I anticipate anyone in the near future looking to buy OTC will already be connecting with the community on twitter or discord
Robert and atomic trade team are legit and I appreciate this proposal for thinking of ways the two could work together. However, I do not think this sort of idea would be bring enough value back to the dao for the ask
Respect the builders, but not enough value for Nouns. We need more value for Nouns + wilder props
Nouncil Vote:
20 Yes, 33 No, 5 Abstain
4 Nouncillors abstained from the decision
NO WINS
Vote Reasons & Discussion
wiz | "if we're going to be funding tech I think it should be entirely oss and public infrastructure"
Classic_Craig | "i really like the idea of being able to swap Nounish derivatives throughout the nouniverse in an easy manner. In terms of custom dev, 29 ETH is also very fair for this type of work. I look forward to being able to swap nounish nfts to engage in more nouns communities!"
pin.pusher | "I don't think there would be a huge demand for this. From looking over the activity on a few secondary markets over the last 6 months, there has only been 27 sales total between OS, LooksRare, and X2Y2. Most Nouns holders seem to be more interested in building within the community, utilizing their governance voting, or delegating their Noun(s) to another community member who is interested in doing either of those tasks"
Josep | "I don't think Nouns is a collection that has a lot of secondary sales activity, they are +30ETH NFTs and ,therefore, I doubt the transaction gas is relevant."
byhardy | "Not a big enough demand for this."
Brook | "I don’t see this being important enough to fund."
RyanMac ⌐◨-◨ | "atomic0.com is awesome & makes trading/swapping super easy"
0xDariush | "nouns are not for flippers in general, i don't believe owners care about fees! maybe in 5 years with more nouns in the ecosystem they care!"
nonodynamo | "I think trading is social and viral. I like this."
Benbodhi | "I like this, I think it has potential to enable safer swaps among the community for free, while also reaching outside of nouns ecosystem and introducing nouns to other token holders that might land on this exchange."
Mach | "just doesn't seem like something worth 35k. The technical difficult to execute this isn't worth it especially with so many viable alternatives existing already."
kerimbonia | "i think the proposal looks good, the ask is reasonable and i like the utility of having a zero-fee nft-nft exchange for nouns and nouns sub daos."
Mindtoasted | "Love the idea for this, I don't know if it could be a great way to trade NFTs at zero cost. I still can't find what the impact might be for Nouns, I don't feel quite Nounish on this, IMO I think this is a pretty big request that it could still be used for other impactful Nounish stuff, I have to vote no for this."
For more Nouns DAO proposal discussion head to the Nouncil Discord: https://discord.gg/nouncil
I like this. Feels like it has potential to become a popular swap platform that is constantly promoting nouns and nounish NFTs tastefully. It provides a place to do more secure swaps than sending eachother NFTs, even when they're cheap. The ability to add what you're looking for or have to offer is also cool, mixing it up with different things in one transaction.
Enable zero-fee inter-collection trading/swaps for Nouns and Nouns derivatives while funding a self-sufficient tool for other collections to trade NFT to NFT.
Noun “OTC” trading is currently inefficient in a web3 environment and is usually done in Discord or other social media. On-chain execution can be coordinated with an added layer of curation/search to simplify these otherwise complex trades. Interested in a noun for 100 lil nouns + 15ETH? Looking to swap your punk for two nouns? Looking to pay additional WETH to trade your higher noun ID for a sub-100 ID? These trades can be posted to the atomic0 exchange with no fees, be executable by anyone, and can all be open at once until one of them is filled.
Today, there is no NFT-to-NFT exchange, only OTC trading tools. Nouns can enable this radically new style of trading, which is uniquely possible with NFTs while incentivizing Nouns proliferation.
Across the entire swap exchange experience, the benefits of Noun-involved trades are highlighted:
The atomic0 team will use funding from this proposal to meet the deliverables and timeline (below) and guarantee zero-fee swaps where Nouns + derivatives are involved for the lifetime of the atomic0 exchange. Where Nouns swaps are found throughout the experience, for example, on an individual punk page with a Noun-involved swap, the swap is highlighted as being a “Nounish” zero-fee swap. Swaps comprised solely of non-Noun assets (BAYCs, Punks, etc.) will be subject to a 0.5% gross fee on the estimated value of the swap.
Individual punk page with an example of noun proposed bids/swaps:
Asset selection:
The swap creation page post-asset selection:
We launched a proof of concept zero-fee NFT marketplace which was the first on Ethereum to have both zero fees and optional royalties (back in June). Several Nouners used it to field OTC interest in their NFTs, but notably, ayyybee used it to sell Noun #227, and vapeape (nounder) used it to sell his V1 Cryptopunk. Many other traders and collectors in the space have executed trades on the platform, including Franklin, who actively lists his apes on atomic0.com. While I don’t yet have a Noun, I’m still closely watching and bidding on the auctions. Last month, we also built the first WETH, non-custodial bidding solution for punks. This proposal was made possible with Noun delegations by cryptopunks.eth and brennen.eth. A big thank you to all the Nouns who gave feedback on this prop before it went on-chain!
Why not build this as a stand-alone Nouns-specific website (e.g., nouns-swaps.com)?
How does this contrast with Proposal 46 (Marketplace Pod Proposal)?
Wen open source?
How does this contrast with existing OTC tools such as NFTTrader, Sudoswap OTC, and Swap Kiwi?
Will this require ongoing Nouns funding for maintenance?
Do you have a plan for on-chain swap storage?
29 ETH to 0x12f3da22832ade66d63c624b8c40726db1124faf (atomic0.eth, a multisig controlled by Robert and Alex)
Enable zero-fee inter-collection trading/swaps for Nouns and Nouns derivatives while funding a self-sufficient tool for other collections to trade NFT to NFT.
Noun “OTC” trading is currently inefficient in a web3 environment and is usually done in Discord or other social media. On-chain execution can be coordinated with an added layer of curation/search to simplify these otherwise complex trades. Interested in a noun for 100 lil nouns + 15ETH? Looking to swap your punk for two nouns? Looking to pay additional WETH to trade your higher noun ID for a sub-100 ID? These trades can be posted to the atomic0 exchange with no fees, be executable by anyone, and can all be open at once until one of them is filled.
Today, there is no NFT-to-NFT exchange, only OTC trading tools. Nouns can enable this radically new style of trading, which is uniquely possible with NFTs while incentivizing Nouns proliferation.
Across the entire swap exchange experience, the benefits of Noun-involved trades are highlighted:
The atomic0 team will use funding from this proposal to meet the deliverables and timeline (below) and guarantee zero-fee swaps where Nouns + derivatives are involved for the lifetime of the atomic0 exchange. Where Nouns swaps are found throughout the experience, for example, on an individual punk page with a Noun-involved swap, the swap is highlighted as being a “Nounish” zero-fee swap. Swaps comprised solely of non-Noun assets (BAYCs, Punks, etc.) will be subject to a 0.5% gross fee on the estimated value of the swap.
Individual punk page with an example of noun proposed bids/swaps:
Asset selection:
The swap creation page post-asset selection:
We launched a proof of concept zero-fee NFT marketplace which was the first on Ethereum to have both zero fees and optional royalties (back in June). Several Nouners used it to field OTC interest in their NFTs, but notably, ayyybee used it to sell Noun #227, and vapeape (nounder) used it to sell his V1 Cryptopunk. Many other traders and collectors in the space have executed trades on the platform, including Franklin, who actively lists his apes on atomic0.com. While I don’t yet have a Noun, I’m still closely watching and bidding on the auctions. Last month, we also built the first WETH, non-custodial bidding solution for punks. This proposal was made possible with Noun delegations by cryptopunks.eth and brennen.eth. A big thank you to all the Nouns who gave feedback on this prop before it went on-chain!
Why not build this as a stand-alone Nouns-specific website (e.g., nouns-swaps.com)?
How does this contrast with Proposal 46 (Marketplace Pod Proposal)?
Wen open source?
How does this contrast with existing OTC tools such as NFTTrader, Sudoswap OTC, and Swap Kiwi?
Will this require ongoing Nouns funding for maintenance?
Do you have a plan for on-chain swap storage?
29 ETH to 0x12f3da22832ade66d63c624b8c40726db1124faf (atomic0.eth, a multisig controlled by Robert and Alex)