DeGods “Season III” will add paintings to present every holder 4 creative belongings related to their one DeGods token.
In 24 hours, buying and selling quantity elevated almost 200% to 1,359 ETH, or about $2.5 million.
It’s unsure if general non-fungible token (NFT) buying and selling quantity will come again after falling 50% since January, however for fashionable profile-picture (PFP) mission DeGods, it positive appears to be like prefer it.
In line with information from market OpenSea, prior to now 24 hours DeGods’ buying and selling quantity has elevated 197% to 1,359 ETH – about $2.5 million – as merchants collectively bought 158 DeGods. It is also taken high spot on the NFT platform’s leaderboard of collections.
Whereas its ground value has decreased from 8.8 ETH to 7.4 ETH throughout this gross sales spree, a $13,600 NFT continues to be a hefty spend within the bear market and could possibly be a optimistic signal for NFT gross sales traits past DeGods.
Early Thursday morning, DeGods revealed its plans for its “Season III” of the gathering, which is able to add 20,000 new artworks to the gathering. Not solely will DeGods be including feminine PFPs to the mission which can be swappable for male PFPs, however they may even be eradicating traits from NFTs that holders “don’t like” and including new ones to switch them.
“We took into consideration rarity, provenance and innovation to guarantee that every new trait can be a second of enjoyment that might match into their total design system,” DeGods mentioned in a tweet.
DeGods specified that this strategy means there might be “no dilution” for the gathering. As an alternative of including new tokens, every particular person DeGod NFT will now have 4 items of generative artwork related to it. Dilution is a standard concern amongst NFT initiatives that add further tokens with related paintings to a set, as seen with the chaos of the Azuki “Elementals” mint in June which the mission has but to get well from.
DeGods tweeted that it might value 333 DUST for a holder to replace their token. DUST is the gathering’s native utility token, which presently trades at $2.26 based on analytics platform CoinGecko. The gathering specified that 100% of the DUST might be put in the direction of its “Factors Parlor” prize pool for DeGods Season III holders to play video games and earn prizes.
DeGods added that if holders can’t afford to spend the almost $750 to replace their token, the value to take action will regularly lower over time to ask extra holders to morph their tokens.
DeGods began as a Solana-based NFT mission, however following the collapse of FTX and its harsh influence on the community’s token, the mission migrated to main NFT community Ethereum. It additionally moved its Solana-based sister assortment, Y00ts, to sidechain Polygon, accepting a $3 million grant from Polygon Labs to take action. Nevertheless, final night time, Y00ts all of a sudden introduced it might migrate to Ethereum in an effort to unite the gathering with DeGods, returning the grant.
