Nouns DAO spent $150,000 to invest in the canned baked beans project, which has been shelved, leaving the whereabouts of the funds a mystery.
Nouns invested 135 ETH into the MOOØNBEANS project three years ago, only to find that the funds were not used for the production of canned roasted beans. Sublime Butter Company stated that the funds were never received and accused founder Chris Mair of fraudulent fundraising. The investment directly entered Mair's personal Wallet, and its whereabouts are unknown. Nouns DAO plans to take legal action to recover the funds.