What Is Noggles (NOGS)?
Noggles (NOGS) is an open currency created to push the boundaries of the meme. NOGS can be earned participating in various activites within the Nouns ecosystem and it can be used to buy products and join new nounish communities.
Noggles (NOGS) is a cryptocurrency launched in April 2023 that positions itself as an “open currency” within the Nouns ecosystem. The Nouns ecosystem itself revolves around the Nouns Project: URL nouns nft, a collection of 10,000 unique NFTs (non-fungible tokens) featuring pixelated avatars with sunglasses. NOGS aims to leverage the popularity of the Nouns meme to create a decentralized economy built around this shared identity.
NOGS is considered a “nounish” currency, meaning it's specifically designed to be used within the Nouns community. The creators, Nouns Name Service (NNS), envision NOGS as a tool for facilitating various activities within the ecosystem. One potential use case is earning NOGS through participation in community events or proposals. Users could then spend their earned NOGS on merchandise or services offered by other members. This fosters a sense of internal economic exchange and incentivizes active participation.
The vision behind NOGS extends beyond simply being a currency within a single NFT community. The developers hope to establish it as a meme token, a type of cryptocurrency that gains value and recognition through internet virality and cultural references. The ubiquitous sunglasses of the Nouns avatars serve as the meme's core element, and NOGS itself becomes a way to capitalize on the meme's popularity.