Nouns Fork: Disgruntled NFT Holders Exit With $27 Million From Treasury

Holders of more than half of the Nouns NFTs left the project in a fork completed on a Friday in September 2023, withdrawing about 16,757 ETH, worth roughly $27.3 million at the time. The 472 NFTs that joined the fork represent almost 56% of the 846-NFT collection, and each departing holder received about 35.5 ETH, or about $57,850. The move follows a sharp fall in market value since late 2021 and early 2022, when the cheapest listed NFT peaked at $267,000 worth of ETH; per NFT Price Floor, that floor was about $57,740 at the time of writing. The Nouns DAO retains 13,310 ETH, or almost $21.7 million.