What is the hype around DeGods NFT? – NFT

While Ethereum stays residence to a few of the largest NFT collections to this point, Solana has been beefing up its sport as nicely. Top names resembling DeGods are making a reputation for themselves. They are actually one among the most profitable blue-chip NFT collections on Solana. 
Launched on 8 Oct 2021 for a value of three SOL, DeGods has risen tremendously to succeed in a present flooring value of 285 SOL on the market, Magic Eden. What made this assortment flip into one among the finest-promoting NFT collections of all time?
A group of 10,000 distinctive DeGods lives on the Solana blockchain. The assortment has a robust neighborhood around it with greater than 100K followers on their twitter.
As a holder of DeGods, you achieve entry to a vibrant neighborhood that is all the time at the forefront of driving innovation.
What are the advantages of holding a DeGods?

You can stake your DeGods to earn $DUST. $DUST, being the native token of the assortment, powers the ecosystem. $DUST permits you to take part in auctions, raffles, unique whitelist spots, upgrades and extra.
Earning $DUST, you’ll be able to convert your DeGods into DeadGods which earn you extra $DUST while you stake. A DeadGods offers you a day by day stream of 15 $DUST. At the present value of $DUST, that is a day by day passive revenue of $17.55!
DeGods has additionally snapped up full possession in Big3’s Killer 3s, a basketball crew below Big3. Holders are given full mental property and licensing rights for crew names, logos and merchandise. A partnership like this undoubtedly helps to drive DeGods title to the plenty particularly the sports activities neighborhood.
DeGods holders can entry de.xyz, a neighborhood-owned content material platform. Holders can publish their very own content material on the web site and personal all their contributions.

Duppies, powered by $DUST
Duppies, one other NFT challenge by DeGods crew, is a 100% whitelist mint. The challenge ought to launch in finish July/early August with a mint value of 375 $DUST. The assortment has already amassed whitelist partnerships with a number of well-liked tasks resembling GhostFace NFT, Monkey Kingdom, Bohemia DAO and extra.
$DUST staking rewards
In complete, there will probably be 3 halvings for $DUST staking rewards. The first halving has already occured on 4 June 2022. Staking DeGods now earns 5 $DUST day by day whereas staking DeadGods earns 15 $DUST day by day. The subsequent halving is anticipated to happen someday in August. With a complete provide of 33,300,000 $DUST and fewer than 50% of $DUST to go, the halving mechanism would possibly scale back incentives to stake DeGods. It’s a potential headwind for the crew trying to scale back listings.

The first $DUST halving has simply been triggered.
DeadGods now earn 15 $DUST per day.DeGods now earn 5 $DUST per day.
Here is what you might want to know 👇 pic.twitter.com/UrJ215m1vg
— DeGods (33.3%) (@DeGodsNFT) June 3, 2022

Concluding Thoughts
As one among the most profitable blue chips on the Solana ecosystem, DeGods prides itself for having a robust spirit of innovation. A draw back although is the excessive flooring value that acts as a robust barrier to entry. Duppies, a second NFT assortment, will enable extra folks to get related with one among the finest NFT tasks on Solana. However, given the bear market and the delay of the Duppies launch, I would like to err on the aspect of warning and wait to see the efficiency put up-mint earlier than diving in. Moving ahead, having higher utility for $DUST and DeGods will certainly drive higher success for the assortment.
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