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Memo 0x95b7ea2e…89baef on Ethereum

route-no-bid-nouns-to-the-treasury-**nounsauctionhousev3-upgrade** From an accounting perspective, routing unsold Nouns from the Auction House to the Treasury instead of burning them would not create a tax event. - the Noun remains within the DAO the entire time - no sale or payment occurs - the Noun would continue being held by the DAO until later use or disposal Any tax implications would generally arise later depending on how the Treasury Nouns are ultimately disposed of (sale, grant, burn, etc.).