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Owing to many disgruntled holders leaning toward the crypto trend \u201crage quit,\u201d the leading DAO-run NFT project, <\/span>NounsDAO<\/span><\/a>, is on the brink of a treasury split on September 15.\u00a0<\/span><\/p>\n Rather than selling on the open market amidst the bear market, DAO members seek a more favorable rate from the project\u2019s ETH stash, including the mysterious\u00a0<\/span>DCFGod<\/span><\/a>, who holds 28 Nouns.<\/span><\/p>\n More than 333 Nouns support \u201cforking\u201d the NounsDAO NFTs in light of the rage quit. Therefore, 333 dissatisfied DAO members have split from the project to claim a share in the its 30,620 ETH tokens, valued at approximately $50 million. The Nouns NFT floor price currently sits at around $56,600 (36.5 ETH). So, the fork\/rage quit currently holds a treasury worth a mighty $18.65 million (11,822.80 ETH).\u00a0<\/span><\/p>\n so far ~35% of the supply wants to fork with 5 days left to join<\/p>\n more than I expected tbh pic.twitter.com\/CrkunuiKKz<\/a><\/p>\n \u2014 DCF GOD (@dcfgod) September 10, 2023<\/a><\/p>\n<\/blockquote>\n The NounsDAO treasury split showcases how DAOs can handle investor groups when doubting their project\u2019s well-being. Such NFT projects, whereby digital assets are valued below their book value, typically appeal to activist traders wishing to exploit these overlooked collectibles.<\/span><\/p>\n Making the treasury possible, this exit initiative was implemented recently following the DAO\u2019s approval of an update dubbed v3. The experiment provides forking to give unsatisfied investors an easy way to get out of a low-performing project while reaping financial benefits.<\/span><\/p>\n As numerous DAOs continue to shape the NFT realm, it\u2019s apparent that such organization members can respond to challenges in ways that set the standard for the NFT landscape\u2019s sustainability.\u00a0<\/span><\/p>\n Want more? Connect with NFT Plazas<\/b><\/p>\n Join the Weekly Newsletter<\/a> *All investment\/financial opinions expressed by NFT Plazas are from the personal research and experience of our site moderators and are intended as educational material only. Individuals are required to fully research any product prior to making any kind of investment.<\/em><\/small><\/p>\n Digital art fanatic who brings a unique perspective to NFT news.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n\n
DAO Doubts and NFT Evaluations\u00a0<\/span><\/strong><\/h2>\n
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