Short
- Solana Project DeGods has topped the overall NFT market over the past day setting a new all-time floor price.
- The creator’s new NFT project y00ts will launch on Thursday and has attracted celebrities and other high-profile personalities.
As the buzz builds around this week’s launch y00ts NFT project underway solana– Which has attracted celebrities and crypto influencers alike – Prices for the team’s current NFT collection, God, reached new heights over the weekend. And in the last day, DeGods topped all NFT projects in terms of trading volume.
God floor price top—that is, the cheapest listed NFT on the market—500 SOL for the first time on Sunday. As of this writing, the major market floor in Magic Eden 587 SOL . sits on, or about $18,650. This makes it the most valuable Solana-based NFT profile picture (PFP) project with at least 10,000 items, easily topping it. Solana Monkey Business 192 at a low of SOL (about $6,100).
In terms of the broader NFT market, DeGods’ entry-level price point ranks fourth among PFP projects with at least 10,000 items. DeGods Follows Ethereum-based Bored Ape Yacht Club, cryptopunksAnd moonbirds Collections in that order, per data NFT Price Floor, DeGods sits right above Mutant Ape Yacht Club on that list.
Setting up a new ATH in the middle of a bear market @DeGodsNFT Way.
Congratulations to the team, the holders and the SOL community as a whole. You are watching history being made pic.twitter.com/rhIDzOq5i8
— Magic Eden (@MagicEden) 28 August 2022
The secondary market selloff on DeGods helped propel the floor price upwards this weekend, and the project tops all other projects on the market – including Ethereum. analytics platform cryptoslam Reports sales valued at $1.3 million in 70 transactions over the past 24 hours, beating Board Ape Yacht Club with approximately $1.1 million in nine transactions.
DeGods was launched in October 2021 as Solana NFT market was heating upAnd the 10,000-NFT project gained significant momentum this spring amid the launch of DeadGods—an initiative that let DeGods holders upgrade to new artwork—and DUST Utility TokenThose who own DeGods/DeadGods earn their NFTs as rewards for betting.
The project gained additional notoriety in April when it BIG3. bought the controlling interest of a team in, a 3v3 basketball league founded by rapper and actor Ice Cube. BIG3 too Sell NFT-based team bets In addition to rapper Snoop Dogg and entrepreneur Gary Vaynerchuk, and Ice Cube itself bought one of the DeGods NFTs.
NFT is a blockchain token Which can serve as proof of ownership of an item, including PFPs, digital artwork and collectibles. Solana is the second most active blockchain platform for NFTs behind Ethereum, and DeGods has recently led the charge as the platform attracts more collectors and increases visibility.
DeGods’ pace as a producer of the project has picked up quite a bit lately—which just goes by candid— Plans to launch a new NFT collection called y00ts on Thursday.
Y00ts is a Solana-based profile picture project that will launch with 15,000 NFTs, and it has curated its permission list – that is, to mint an NFT based on what people need to apply for “scholarships”. and then publicly posting about people who have been accepted through the y00tlist Twitter account.
Along with a range of NFT influencers and community members, the list includes celebrities such as the football legend Wayne Rooneyentertainer howie mandelrapper lil babyyoutube star eastanand former NBA star Allen IversonAlong with athletes, professional sportsmen and other notable people from various industries.
Y00ts aims to differentiate itself from traditional PFP projects by implementing new forms of customization along with ways for creators to make money. according to this white papery00ts plans to launch a storefront where holders can purchase and equip visual signs for their NFTs from various artists, deducting artist royalties in the process.
Frank is best known as a vocal creator in the Solana space, and his ambition with y00ts may go beyond a rethinking of visual traits and artist compensation.
a trademark filing (searched by twitter user Guitar Cookies) suggests a wide range of potential y00ts cases, ranging from NFTs and gaming to other entertainment initiatives, online services and more. It was filed by Mark Jenson of the law firm Fenwick & West, which counts the manufacturer Bored Ape Yacht Club. Yug Labs among its notable customers.
As the momentum picks up around y00ts, DeGods is reaching new heights and even challenging the Ethereum NFT heavyweights on pricing. We’ll see if the y00ts launch lives up to the hype, and whether DeGods similarly continues to build on this latest enhancement.