Era of the Onchain Organization

The Splits blog argues that onchain organizations should be understood concretely, as the implementation and logistics of group coordination, rather than through the contested label of DAO. It presents Nouns DAO as an established example, noting that its treasury, noun ownership and artwork are onchain while its foundation, forum, Discord and grants run offchain. The Wizard's Hat premiere earned a little over $421,000, split 50-50 between the artists and the Nouns treasury, and Delivery at Dawn sent 80% of its NFT proceeds to Protocol Guild and 20% to the Nouns treasury. The post also profiles Higher, a newer memecoin-based group, where Higher Collective received 24.5 ETH from a Zora and Base mint that directed 60% to it.