Introduction and methods

Lil Nouns is basically a smaller version of the Nouns NFTs from which it was derived. "Nouns as children", as it says on the Lil Nouns website. That is, they have the same pixel art style and aesthetic as Nouns.

In essence, these NFTs will be the source of funding for Lil Nouns DAO: a DAO expansion based on Nouns DAO. Therefore, the goal of Lil Nouns DAO is to expose more people to Nouns.

One of the most unique things about these NFTs is how they are available. . To explain, instead of releasing an entire collection at once like most generative avatar collections, Lil Nouns smart contracts generate and auction a new one every 15 minutes. Not to mention that this process will, in theory, continue indefinitely. Clearly, this is a riff on Nouns, whose contracts produce and auction an NFT every 24 hours.

In addition to its fascinating release mechanism, Lil Nouns has some other features that NFT purists will love. For example, Lil Nouns NFT art is stored directly on the blockchain, unlike IFPS. Also, the art is CC0 licensed, which means it is in the public domain.

In fact, the Lil Nouns DAO was created as a sub-DAO from Nouns DAO. The Lil Nouns DAO compensates Nouns DAO by automatically sending every 11th Lil Noun (Lil Noun ids #1, #11, #21, #31 and so on) to the Nouns DAO Treasury. 

In this dashboard we are gonna estimate the total value of the Lil Nouns in the Nouns DAO treasury, and analyze the value of the Lil Nouns DAO to Nouns DAO.  To do so, firstly we will calculate the minting Lil Nouns prices over time, as well as the current average price in order to calculate the potential price of NFTs transferred to the Nouns DAO treasury.

Furthermore, we will try to find the amount of Lil Nouns transferred to the Nouns DAO treasury so far and by calculating the current balance of the treasury we will try to assess the repercution of Lil Nouns on it.

Results

In the first graph, we can see the price evolution of the mined NFT Lil nouns. We can see that at the beginning the price was higher. There was a very heavy peak, where the NFT was mined at more than 14 ETH. Each time the price has been decreasing, as it seems that there is not so much interest in the project launched.  \n

In the second graph, we can see that in May, the price of NFT was oscillating a lot and from June onwards it has plummeted. As of today, it is less than 0.30. The average of the mint price is 0.65 ETH.

Looking at deeper numbers, it can be seen how the current balance of NounsDAO treasury is around 30M USD. Considering that more than 200 LilNouns NFTs have been sent to the NounsDAO treasury wallet so far, with a current average of 0.65ETH per NFT in terms of mining, we can estimate that these NFTs could be sold for aroud 137 ETH equivalent to 156k USD at the current rate of ETH token price. Then, it represents around 0.51% of the current NounsDAO treasury balance. It is clear that it could help it but it is not determinant for the project.

Conclusions

In this dashboard we have analyzed the possible effect of the LilNouns NFT transfer mechanism to the help of the NounsDAO treasury. We have analyzed the current NounsDAO treasury balance and we have compared to the current total value of the NFTs sent to it so far. It has been concluded that it would represents around 0.51% of the total wallet and then, it is a non significant balance for the treasury.