NounsAuctionHouse
Description
This contract acts as a self-sufficient noun generation and distribution mechanism, auctioning one noun every 24 hours, forever. 100% of auction proceeds (ETH) are automatically deposited in the Nouns DAO treasury, where they are governed by noun owners. Each time an auction is settled, the settlement transaction will also cause a new noun to be minted and a new 24 hour auction to begin. While settlement is most heavily incentivized for the winning bidder, it can be triggered by anyone, allowing the system to trustlessly auction nouns as long as Ethereum is operational and there are interested bidders.
Mainnet address
0xF15a943787014461d94da08aD4040f79Cd7c124e