For those who want to read the actual proposal and all its details, you can do so here. TLDR, prop 107 was a proposal for Nouns to participate in Verse’s most recent equity round, in which Nouns would fund 175 ETH in exchange for a proportionate amount of equity in Verse Labs, the company building the Verse protocol. The twist is that the majority of the funds would be specifically earmarked to buy a Noun (ideally via auction as to return ETH directly back to the Nouns treasury), thus theoretically aligning Verse & Nouns long-term.

A couple weeks ago, I put the idea for this proposal on Nouns Discourse. Overall, the feedback received was mostly positive. There were some concerns about legal compliance (will talk more about this later), but overall, there seemed to be enthusiasm for the proposal. Thus, I proceeded to put the proposal on-chain.