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DeGods: The Utimate Guide To Y00ts, $DUST and more

DeGod has established itself as one of Solana’s top blue-chip NFT collections. The collection and community, which describes itself as a “deflationary collection of degenerates, punks, and misfits”, is still riding high after being launched in 2021. Therefore, if you are interested in investing in colourful, virtual gods, here is an in-depth guide to get you started.

An artistic representation of the DeGods ecosystem.

What is DeGods?

DeGods is a Solana-based deflationary collection that consists of 10,000 virtual and super colourful gods. The mastermind behind this popular NFT project is an individual known as “Frank.” It appeared on Twitter in March 2021, with the unique selling point of being a deflationary NFT. By September 2021, DeGods was already very popular, with artists, developers and athletes supporting the project.

Solympus was launched in September, with its first members required to complete projects that granted them early access to the NFTs. After several months of intense hype – which included a video of a man jumping from a plane in a DeGods costume – staking went live in January 2022. It is safe to say that the popularity of the collection was solidified when, after one day, more than half of its supply was staked.

What are the benefits of holding DeGods NFTs?

In addition to being a highly sought-after NFT, holding a DeGods NFT has several perks. First off, the DeGods NFTs are deflationary. This means that, due to the fact that you can burn the NFTs, their value will continue increasing. When a holder burns their DeGod, it automatically upgrades to a DeadGod, increasing its value.

Additionally, you can stake your DeGods NFT to earn $DUST – the collection’s native taken. $DUST enables you to participate in raffles, upgrades, auctions and more. If you burn your NFT in favour of a DeadGod, you will also earn more $DUST. This is because DeadGods give holders a daily stream of 7.5 $DUST.

DeGods holders also gain access to the community-owned content platform, de.xyz. Here, holders can publish their own content and reach out to other holders. Last but not least, in April 2022, DeGods purchased the basketball team Killer 3s, which forms part of Ice Cube’s Big3 League, for $625,000. Holders have full IP and licensing rights for anything team-related. Furthermore, this launch gave holders the opportunity to mint part of 975 killer 3’s Gold-tier NFTs for $5,000 apiece. Unquestionably, this purchase is but one of the many things the DeGods team has in store for holders.

This DeGod NFT sold for over $220K.

How do you buy DeGods NFTs?

DeGods are available on Magic Eden, Alpha Art, Solanart and OpenSea. After purchase, you can join the official Discord channel, where you can connect with other members and verify your assets. Before purchasing an NFT, you can check its rarity using the Official Rarity Tool and Sniping Tool.

What are DeadGods?

You can mutate your DeGods and transform them into DeadGods for 1000 $DUST. During the mutation process, you will be changing the NFTs metadata, to reflect the one-of-one swaps for DeadGod traits. By burning your DeGod, you will be removing it from circulation, increasing its rarity and benefitting the entire community.

What is DUST token?

$DUST is the DeGods collection’s official token on the Solana blockchain. It can only be minted by staking or burning a DeGods NFT. The total supply of $DUST is capped at 33,300,000 tokens, with halvening events taking place at supply milestones. To earn $DUST, you can mine 2.5 DUST per day per DeGod and 7.5 DUST per day per DeadGod. There is no other way of earning $DUST. In the future, there will be new collections that can only be purchased using $DUST.

What is DeDAO?

DeDAO is a unique aspect of the DeGods ecosystem. The community leaders and founders of DeDAO are the members of the DeDAO, who serve as the primary decision-makers.

Community leaders and NFT experts – the DeAlpha Team – are the ones that navigate the collection’s place in the market and make decisions. There are also elected members – called the Divine Council – who also have a say when it comes to acquisitions and allocating funds. Finally, the Divine Council of DeDAO and Community Leaders of DeGods are together called DAO Leads.

DeDAO is sustained via the marketplace fee of 9.99% for each transaction. Of that amount, 6.66% goes to DeDAO and 3.33% to the Core Team for DeGods and DeadGods sales. The DeDAO then uses these funds to acquire assets for auctions and raffles, fund community events and pay community-based talents for any work done for the community.

What we know so far about the y00ts visual style.

What is y00ts?

Y00ts is a brand new NFT collection from the DeGods team. It will consist of 15,000 NFTs that allow users to make their own PFPs. The collection revolves around a sheep avatar, with layers of metadata that give each NFT its unique characteristic.

According to the y00ts paper, “Each collection would have its own ⓨ registry, where it’s easy to track who’s approved to be using the NFT’s IP. This allows projects to approve & reject usage requests at Web3 speed.” To mint a y00ts NFT, interested individuals had to apply for a scholarship to get on the y00tlist – the y00ts version of a presale list. The collection was set to launch at the end of September 2022. However, the launch was delayed and there is no official launch date yet.

Final notes

The NFT market is volatile. However, the fact that the DeGods collection maintained its high price and value is a good indication of its longevity. It is always recommended that you do your own research before investing in any collection.

The post DeGods: The Utimate Guide To Y00ts, $DUST and more appeared first on NFT Evening.

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Jenkins The Valet Announces A Gamified NFT And We’re Excited!

BAYC steward Jenkins The Valet is debuting dynamic NFTs alongside the introduction of his upcoming podcast. The podcast aims to create a token-gated community experience. It combines gamification with world-class storytelling/audio production. This marks a new way to experience podcasts and storytelling. Read on to learn more about the upcoming gamified NFTs with this unique podcast!

What’s Special About Jenkins The Valet’s NFTs?

On November 27th, Jenkins The Valet announced his upcoming fiction podcast on Twitter. A few hours after the announcement, he also announced a “dynamic, gamified” NFT collection alongside the same. The NFTs, Jenkins states, will allow listeners to engage with the podcast on a much deeper level. Jenkins also claims that the series will allow listeners to play against each other and showcase their progress as the podcast continues.

In the Twitter thread announcing the NFT collection, he also mentions that after listening to each of the episodes, all listeners will gain a dedicated NFT. This NFT carries over to a special podcast-based website. On connecting their wallet to this website and verifying that they hold the NFT, listeners will then be presented with an audio puzzle relating to that particular episode. NFT holders will get a chance to answer certain quiz questions pertaining to the episodes. The correct answers will be revealed once the submission period is over.

Listeners who guess the correct answers will see their NFTs reflect their scores! The dynamically designed NFTs update themselves accordingly to showcase the correct answers. Furthermore, they will earn extra points based on how quickly they answered the questions. Moreover, they can also check their ranks on a leaderboard for the same! Different levels on the leaderboard will reflect differently curated prizes. Users are also free to buy, sell, or trade their podcast NFTs at any time during the series.

“Each audio puzzle will be a collaboration between a team of professional puzzle makers and our partners at SALT. We’re excited about the intersection between storytelling and token-gated gamification and look forward to pioneering this trend with the Writer’s Room!.” stated Jenkins, on the Twitter thread.

The post Jenkins The Valet Announces A Gamified NFT And We’re Excited! appeared first on NFT Evening.

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Bitci Defends Its Brazilian Football NFTs

In June of last year NFT platform, Bitci struck up a deal with the Brazilian Football Confederation (CBF). The CBF chose the blockchain platform to mint the official NFT tokens of Brazil’s national football team, which launched (BFT).

A report from a Brazilian sports business outlet claimed the CBF had terminated the agreement after a series of delayed payments over several months from the crypto firm.

The validity of these accusations, can not be confirmed. However, Bitci was not showcased on the sponsors’ backdrop when Brazil’s squad was announced for the 2022 Fifa World Cup earlier this month.

On November 23rd, Bitci released a public statement on Twitter to address the allegations.

Dear users,

This mandatory public statement is about the manipulation targeting Bitci, its investors and business partners from Twitter last night.

You can click the link below for a detailed explanation. https://t.co/6qoX5LtPi8

— Bitci Global (@bitcicomglobal) November 23, 2022

The Turkish NFT firm said: ‘The contracts between the Brazilian national team and Bitci are valid and in force. There has been no notice of termination to Bitci.’ The Crypto firm went on to hammer that their NFTs would still be valid, even if the sponsorship deal had been terminated. ‘Even if the sponsorship agreement somehow ends, this does not change the reality that BFT is the legitimate and only Brazilian national team fan token,’ the company added.

Learn more >> The Ultimate NFT Guide

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*All investment/financial opinions expressed by NFT Plazas are from the personal research and experience of our site moderators and are intended as educational material only. Individuals are required to fully research any product prior to making any kind of investment.

 

 

The post Bitci Defends Its Brazilian Football NFTs appeared first on NFT Plazas.

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Beeple Will Not Drop NFTs On Solana: Metaplex Apologizes

Solana NFT standard creators Metaplex CEO Stephen Hayes has issued apologies for a miscommunicated tweet involving Beeple. Metaplex initial tweet announced Beeple NFTs coming to the Solana blockchain. Since then, Beeple corrected the tweet stating “nothing was set or remotely agreed upon” among both parties. Read on to learn more about the exchange.

Wen Beeple NFTs On Solana?

At Solanas Breakpoint event this year, Metaplex CEO Stephen Hayes “accidentally” announced a Beeple launch on the Solana blockchain, in partnership with the Render Network. This was then disputed by Beeple stating that there had been no agreement between either parties surrounding a Beeple collection on Solana.

Stephen then went on to apologize to Beeple on Twitter later on. He stated on Twitter, “I’m here to offer my sincere apologies. It was the result of a miscommunication between the organizations involved, but these were my words in the keynote, so I should have confirmed that agreement, directly with you, was announced.” Furthermore, Hayes also apologized to fans and the community for causing further confusion.

Around this time, Jules Urbach a developer on the decentralized computing platform Render Network had also tweeted similar statements. He asked for the community to wait for the special “first look at something amazing” that they were building with Beeple. Since then, no further comments or statements have been put forward by either parties.

About Render Network

The Render Network is a unique blockchain project. The network allows people to contribute unused GPU power to help projects render motion graphics and visual effects. Render greatly simplifies the standard processes of rendering and streaming 3D environments. For using the network, users get RNDR tokens as a reward. The Render Network is one-of-a-kind building block for the future of the graphics industry.

The post Beeple Will Not Drop NFTs On Solana: Metaplex Apologizes appeared first on NFT Evening.

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