Place in greased bowl, turning to grease the top. Cover and let rise in warm place until doubled in bulk, about 1 hour. Divide dough into fourths. Shape each fourth into 12 inch rolls. Divide each roll into 12 pieces, and shape each piece into a 7 inch rope. Dip each into melted butter, then sugar, then butter, then chopped nuts. Fold each rope into half; twist to make a braid. Place on greased baking sheet and cover. Let rise until double, about 20 minutes. Bake at 350 degrees for 15-20 minutes. Makes 4 dozen.