NFTs as memberships is starting to hit PMF (like Syndicate’s Collectives, Unlock, etc) but NFT secondary market volume/revenue has declined substantially. Recurring revenue is now important in a non-📈 market to support operations for DAOs, NFT projects, social clubs, etc. Nouns is one recurring revenue model with its daily auctions. Subscription NFTs are another model and we’re seeing early examples from Mirror’s subscriptions, Diagonal Finance and others. Let’s see how it works: A user stak...