NFT Evening NFT Evening
    Facebook Twitter Instagram Reddit
    NFT Evening NFT Evening
    • News
      • Collectibles
      • Crypto Art
      • Blockchain games
      • Metaverse
      • Music
      • Interviews
    • Guides
      • Top NFT Projects
      • Top Blockchain Games
      • NFT Marketplaces and Tools
    • Learn here!
      • What is an NFT?
      • How to keep your NFTs safe
      • NFT Glossary
    • NFT Calendar
      • NFT Drops
      • NFT Conferences
    • Newsletter
    NFT Evening NFT Evening
    Top NFT Projects

    Home » Guides » Top NFT Projects » DeGods: The Utimate Guide To Y00ts, $DUST and more

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

    By Janelle BorgOctober 5, 2022Updated:February 2, 20236 Mins Read
    Contents hide
    What is DeGods?
    What are the benefits of holding DeGods NFTs?
    How do you buy DeGods NFTs?
    What are DeadGods?
    What is DUST token?
    What is DeDAO?
    What is y00ts?
    Final notes

    DeGods 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 launching in 2021. So, let’s take a look at the colourful, virtual gods with an in-depth look at what DeGods are, the benefits of holding DeGods, and more.

    an artistic representation of the DeGods ecosystem
    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. An individual known as “Frank” is the mastermind behind this collection. DeGods first appeared on Twitter in March 2021, with the unique selling point of being a deflationary NFT. By September 2021, the colourful project was already very popular, with artists, developers and athletes supporting the project.

    Solympus launched in September, and required its first members to complete projects to gain 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, there are several perks of holding a DeGods NFT. 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. 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.

    a degod nft showing a degod in an artistic representation of armoury
    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. Burning or staking a DeGods NFT is the only way to mint $DUST. The $DUST total supply has been 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. Furthermore, 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. Additionally, a group of elected members – the Divine Council – provide input on acquisitions and allocating funds. Finally, the Divine Council of DeDAO and Community Leaders of DeGods are together called DAO Leads.

    The marketplace fee of 9.99% for each transaction sustains DeDAO. 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.

    y00ts logo
    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 initial release date of collection was the end of September 2022. However, despite selling out the mint, the launch was delayed and there is no official y00ts 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. Still, if you are looking to buy into any collection,  always do your own research before investing.

    Learn More About the Top NFT Projects

    • The Bored Ape Yacht Club NFT Collection: What Is BAYC?
    • Azuki NFT : A Guide To The Anime Giants
    • RTFKT CloneX NFT with Takashi Murakami: What On Earth Is It?
    • The CryptoPunks NFT Collection: A Guide
    • y00ts NFT: Are You On The y00tlist?
    • Goblintown.wtf : What Is This Ugly NFT Project All About?
    • A Guide To The Ethereum Name Service (ENS) NFT Domains
    • Rug Radio: A Complete Guide to the Web3 Media Platform
    • Doodles: What this Pastel NFT Collection Is All About!
    • A Guide To The Mutant Ape Yacht Club (MAYC) NFT
    • VeeFriends NFT: How To Buy Gary Vee’s Project and Why You Should
    • DeadFellaz NFT: Everything You Need To Know
    • What is Art Blocks NFT? Meet The Generative Art Pioneers!
    • A Guide To NBA Top Shot: What You Should Know

     

    Join Our New "To The Moon" daily Newsletter

    Get our free, 5 minutes daily newsletter. Join 25,000+ NFT enthusiasts & stay on top 👊🌚

    Thank you!

    You have successfully joined our subscriber list.

    .

     


    All investment/financial opinions expressed by NFTevening.com are not recommendations.

    This article is educational material.

    As always, make your own research prior to making any kind of investment.

    blue chip nftsDeGodsfeaturedSolana NFTy00ts
    Previous ArticleAbout the BAYC-Themed Metaverse Experience in the Sandbox
    Next Article Yuga Labs Starts Its First Community Council For BAYC and MAYC
    Janelle Borg
    • Website

    Janelle is a freelance content writer with a passion for all things related to music, marketing and tech. She looks forward to bringing you more news relating to the fast-paced world of Crypto and NFTs from her home office in Brighton.

    More great NFT Evening content:

    Bored & Hungry: The Restaurant Merging Hospitality with NFTs

    February 28, 2023

    DigiDaigaku Genesis: The Anime NFT Project On The Rise

    February 27, 2023

    Checks by Jack Butcher: How One Piece of Art Became a Movement

    January 20, 2023

    A Kid Called Beast NFT: Everything You Need To Know

    January 18, 2023

    FVCKRENDER PFP NFTs: 90s Kids Explained

    January 18, 2023

    Feetpix.wtf : Why are these Pixelated Feet NFTs Pumping?

    January 11, 2023

    10 Funko Pop NFTs You Need In Your Digital Collection

    January 9, 2023

    Nouns NFT Project: About The cc0 Pioneers

    December 28, 2022
    Latest NFT News

    Deadfellaz Presents: Front Facing Fellaz

    March 25, 2023

    MVFW 2023 Brings IRL Fashion To The Metaverse!

    March 25, 2023

    Spatial Metaverse Company Launches GDC Announcement Today

    March 24, 2023

    All the PFPs Invited on the Otherside Second Trip

    March 24, 2023

    Paris Blockchain Week: 4 NFT Trends to watch in 2023

    March 24, 2023

    Nike & RTFKT Team Up To Bring Physical Air Force 1 NFT Sneakers To Collectors

    March 24, 2023

    NFT Trading Soars in Virtual Worlds: $311M in Q1 2023, Says DappRadar

    March 24, 2023

    ZED RUN x Budweiser: Web3 Collaboration You Can Wear

    March 24, 2023
    Get The FREE Exclusive Report
    CLICK HERE

    NFTevening is the biggest website for NFT news. We cover; breaking news, upcoming mints, plus, interviews with top NFT artists and projects. Put simply, we are the best place for new and experienced non-fungible token fans — making content fun & accessible

    Privacy policy
    Terms and conditions

    Article Categories
    • Blockchain games
    • Collectibles
    • Columns
    • Crypto Art
    • Guides
    • Interviews
    • Metaverse
    • Music
    • News
    • NFT Marketplaces and Tools
    • Sponsored Content
    • Top Blockchain Games
    • Top NFT Projects
    NFT Calendar
    • Today’s NFT Drops
    • Upcoming NFT Drops
    • Solana NFT Drops
    • NFT Calendar
    • NFT Calendar : Add Your NFT Event
    Get In Touch
    • Advertise (Media Kit)
    • Job Opportunities
    • About Us
    • Contact Us
    • Newsletter
    NFT Beginners Guides
    • How to Sell NFT Art
    • How to Create NFT Art
    • How to Display NFT Art
    • How To Make Passive Income With NFTs
    • Best Crypto Wallet
    • Best NFT Coins
    • Best NFT Rarity Tools
    • What is a DAO ?
    • What Are Crypto Gas Fees ?

    Type above and press Enter to search. Press Esc to cancel.