diff --git a/vyper/ast/nodes.py b/vyper/ast/nodes.py
index 578a5952c7..59d3ed55a1 100644
--- a/vyper/ast/nodes.py
+++ b/vyper/ast/nodes.py
@@ -908,10 +908,6 @@ class Dict(ExprNode):
 class NameConstant(Constant):
     __slots__ = ("value",)
 
-    def __init__(self, parent: Optional["VyperNode"] = None, **kwargs: dict):
-        super().__init__(parent, **kwargs)
-        self._metadata["folded_value"] = self
-
 
 class Name(ExprNode):
     __slots__ = ("id",)