Nouns Will Survive 💫

Nouns DAO is undergoing its first fork, a membership split that the newsletter's author expects will leave the community intact, with the Nouns continuing to survive. At the time of writing, over 350 of the more than 840 Nouns had signaled intent to leave through the fork, which can be completed until the escrow period ends on September 15th. The article says that about 11,000 ETH is now earmarked for the forked DAO and its rage quitters, dropping the treasury from over 28,000 ETH to over 17,000 ETH. It also argues that the fork mechanism in Nouns V3 is a protection against future treasury raids, and that DAO governance isn't fundamentally broken.