2023 Rose Parade Will Be Attended By Nouns Ethereum NFT

Gita Fitria Ramadani . December 29, 2022

Picture: decrypt

Techspace - A parade float based on the Nouns NFT project will participate in the Rose Parade the following week in addition to costumed characters. The actor Seth Green founded Stoopid Buddy Stoodios, which proposed and built the project, and received funding from the Nouns DAO.

As stated by Decrypt, a simple definition of "Nouns" is an NFT collection and part of Nouns DAO, a decentralized autonomous organization.

Non-fungible tokens, or NFTs for short, are cryptographic tokens that are not fungible. They are often used to represent digital art. A set of NFTs typically used as a user's profile picture on social media platforms, such as Nouns, illustrates a profile picture (PFP) collection.

Nouns are another innovative Ethereum experiment that aims to enhance community interaction on the on-chain. Using its treasury to build and support public goods, the Nouns DAO accomplishes this.

The Nouns NFT project has already appeared in an independent film and a Super Bowl commercial. The Nouns DAO will then vote on and fund an initiative to bring the pixel characters and their boxy glasses (or Noggles) into the real world as part of the Rose Parade next week.

A Nouns-themed float and six costumed characters will participate in the 134th Rose Parade on January 2, 2023, in Pasadena, California, prior to the Penn State-Utah Rose Bowl college football game.

In April, the company behind the television series "Robot Chicken" and "Marvel's M. ODOK," Stoopid Buddy Stoodios, presented the concept to the Nouns community of NFT holders. The studio, co-founded by actor Seth Green, who is also a fan of NFT, suggested filming the parade float and costumes for a documentary.

Each day, a single NFT pixel character is auctioned off by Nouns, a one-of-a-kind Ethereum project that puts all the proceeds into a community fund. Proposals that use that treasury, which currently holds approximately $32.7 million worth of ETH, to fund projects that expand the project's goal of building open-source IP can be voted on by noun owners.

As noted, the Nouns glasses showed up in a Super Bowl business from Bud Light and on restricted version jars of the famous brew. The DAO has funded projects such as physical Noggles, Web3 education initiatives, and an appearance at New York Fashion Week. Nouns will also appear in the independent film "Calladita."

Picture: animation world network

Chris Waters, the head of development for Stoopid Buddy, stated, "The goal of Nouns is to proliferate the meme" in reference to the Decrypt report. Every year, more than 30 million people tune in to watch the Rose Parade, a cultural institution in the United States. It is the ideal match for Nouns because it is a volunteer event emphasizing community, fun, creativity, and values.

In this instance, Stoopid Buddy Stoodios requested nearly 610 ETH to pay for the parade float, costumes, and film. In June, the DAO agreed to the request. When the proposal was approved on June 1, the funding was worth more than $1.1 million, even though 610 ETH is now only worth about $723,000 due to Ethereum's declining value.

An online community with a common goal or purpose, known as a DAO, or decentralized autonomous organization, is typically represented by ownership of blockchain tokens. In this instance, ownership of one of the NFTs determines Nouns DAO membership, which grants holders one vote per NFT on community proposals.

After months of pitching its plan to the DAO, gaining entry into the Rose Parade, and bringing the project to life, Stoopid Buddy announced that its "Meet the Nouns" float and costumed characters are prepared for the parade on Monday.

According to what Waters shared with Decrypt, the six costumes highlight a variety of project characteristics rather than re-creating specific existing Nouns NFT avatars, which are constructed from a random set of character traits. One even refers to its hit stop-motion animation, "Robot Chicken."

Eric Towner, a co-founder of Stoopid Buddy, stated, "We really wanted to show off the fun and positive side of Nouns and cryptocurrency." There were so many possibilities, but in the end, we built the biggest and most absurd thing we could: a 65-foot-long flower-adorned float that will be paraded down the street in front of millions of people."

The costumes for Fox's competition series "The Masked Singer" and the animation for Marvel's most recent "The Guardians of the Galaxy Holiday Special" are both produced by Stoopid Buddy Stoodios. The studio released its own Stoopid Monkey NFTs earlier this year through Nifty Gateway.

Green declared recently that he was dealing with a television series called "White Pony Bar," which includes his claimed Exhausted Primate Yacht Club symbol and other NFT characters interfacing with human entertainers. Production was put on hold when his Ape NFT was stolen, but Green paid about $300,000 in ETH to get the asset back in June.

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