Web3 Watch: Nouns DAO-funded movie releases second installment

Plus, Web3 games migrate and Bitcoin Ordinals see a resurgence


Grusho Anna/Shutterstock modified by Blockworks


The second installment of The Rise of Blus, an animated movie being funded in chunks by the Nouns DAO, released Wednesday. 

Produced by crypto-native animation studio Atrium, the movie’s $3 million budget is contingent on a string of governance proposals passing. In contrast to the film industry’s black box status quo, the studio’s founder Supriyo Roy periodically publishes on-chain updates regarding the film’s progress and how funds are being spent. Scripts have also been made public ahead of the releases. 

Several of the movie’s producers worked on Spider-Man: Into the Spider-Verse, Roy told Blockworks, giving the Nouns movie’s animation a similar flavor to the Marvel hit. 

The Rise of Blus has a crew of 45 people and an estimated final budget of $2.78 million, Roy said. For context, the recent Teenage Mutant Ninja Turtles animated movie cost $70 million to produce. 

Five of the movie’s eight chapters have been funded, and the next three episodes, running around 10 to 11 minutes each, will be released over the next eight months or so. If completed, the full movie will run around 80 minutes, Roy said. 

The Rise of Blus follows a boy named Gi who lives in the floating city of Blus and wants to be an adventuresome “rover” rather than follow his father in becoming a boring “recycler” when he grows up. The Nouns NFTs’ signature “Noggles” feature prominently in the movie. Roy said the movie’s main conceit is the glasses providing freedom of choice. 

While never mentioning NFTs or crypto, the movie seemingly pays homage to its origins. The second installment introduces viewers to an apparently important fictional substance named ether — which is also the name of the currency used to auction Nouns. 

Read more: Nouns DAO is forking again

But Maria Shen, general partner at Atrium investor Electric Capital, said crypto may not matter much to the animators being funded by the DAO’s treasury. 

“Frankly, alright, I don’t think any of them have a special affiliation with crypto,” Shen said. “They’re actually here because it’s an alternative way for them to have a revenue source and artistic freedom that they otherwise wouldn’t have…it’s really about what are the new use cases that crypto can enable? And this is very clearly one of them.”

Web3 games migrate networks in record numbers

65 Web3 games changed networks so far this year, up from 48 last year and 12 the year before, according to Game7’s “State of Web3 Gaming” report.

Leading destinations for games were layer-2s Polygon, Immutable and Arbitrum. 73% of games that changed networks this year chose an Ethereum virtual machine (EVM)-based chain, the report said.

The RPG “Champions Ascension” moved from Ethereum to Polygon in May, promising an end to “bloated gas fees.” 

One interesting stat:

  • Bitcoin ordinals, a protocol that enables NFT storage on bitcoin, generated over $4 million in transaction fees Thursday, according to Blockworks Research. Daily ordinal fees were in the $10,000 to $20,000 range for much of October.

Also of note:

  • Disney partnered with Dapper Labs to release collectible pins for Disney characters as NFTs. Notably, the product’s marketing shied away from using the term “NFT” to describe the pins.
  • SocialFi platform Friend.tech released a global feed where users vote to rank posts. Votes are allocated to users based on key prices.
  • Lens Protocol released V2 of its decentralized social infrastructure. It teased Smart Posts where content can be directly monetized — like a payment pop-up on blog posts, for instance.

Don’t miss the next big story – join our free daily newsletter.


Upcoming Events

Hilton Metropole | 225 Edgware Rd, London

MON - WED, MARCH 18 - 20, 2024

Crypto’s premier institutional conference returns to London in March 2024. The DAS: London Experience:  Attend expert-led panel discussions and fireside chats  Hear the latest developments regarding the crypto and digital asset regulatory environment directly from policymakers and experts   Grow your network […]

Salt Lake City, UT

WED - FRI, OCTOBER 9 - 11, 2024

Pack your bags, anon — we’re heading west! Join us in the beautiful Salt Lake City for the third installment of Permissionless. Come for the alpha, stay for the fresh air. Permissionless III promises unforgettable panels, killer networking opportunities, and mountains […]

recent research

Frax report cover.jpg


Frax saw continued development in its frxETH liquid staking derivative and Fraxlend money market throughout 2023. Frax V3 introduces an RWA strategy to drive utility to the protocol's cornerstone product, the FRAX stablecoin.


MicroStrategy discloses the purchase of 16,000 bitcoin throughout November


Digital asset firms face potential new regulatory landscape under Treasury’s proposed authority expansion


Uniswap Labs will be providing trading APIs to Talos investors through Fireblocks


DYDX supply will climb by up to 80% after the Friday unlock, but a couple factors make a massive sell-off appear unlikely


Switzerland-based Pando Asset, which has crypto products trading on the SIX Swiss Exchange, now looks to the US


Binance does not hold the required licenses to advertise and serve customers in the Philippines, the country’s securities regulator said