0xae65e700…46c0sent to0xb6d1eb1a…dab3·#19,322,634·view on Etherscan
(noun40 voting via agora)
very excited for client incentives! one way to think about nouns is as its own onchain world. that world has its own public infra that it depends upon. the nouns "clients" that allow for governance (proposals & votes) and auction bidding are some of those foundational things. historically we've funded these things on a series of yes/no prop decisions (like everything else). this is an experiment to see if we can do better. in this brave new world it's easier to track and verify *usage*. it allows us to decide on the budget we want to spend and let the market competition emerge around those public utilities. it's like if you allowed anyone to provide public transportation (e.g. buses) and the gov paid for verified usage! we don't yet know if this will be able to replace funding client teams entirely (likely should start as a incentive for good performance rather than an out right replacement of total funding) but it allows us to move in a new direction and experiment. if this works out it has the incredible promise of reducing governance burden (don't have to evaluate funding on a per team basis but rather a per category basis) and increasing market competition. excited for this! thank you to the verbs team for the hard work here.