NFT project y00ts to return $3M grant as it ditches Polygon for Ethereum
DeLabs has promised to return the $3 million grant initially provided by Polygon Labs to support y00ts from Solana to Polygon.
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NFT project y00ts to return $3M grant as it ditches Polygon for Ethereum
DeLabs has promised to return the $3 million grant initially provided by Polygon Labs to support y00ts from Solana to Polygon.
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DeGods NFT Project Ditches 'Stupid' Roadmaps, Embraces 'Early Facebook' Vibes for Next Moves
DeGods NFT Project Ditches 'Stupid' Roadmaps, Embraces 'Early Facebook' Vibes for Next Moves
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Source:Pixabay
Creator of PFP NFT projects DeGods and Yoots, DeLabs, has launched a new website ahead of the upcoming unveiling of its DeGods Season III and yoots2 feature expansion in July 2023.
The cryptic website appears inspired by the early Facebook days. DeLabs founder Rohun Frank Vora dubbed the site “performance art.”
The website would be an alternative to the conventional written roadmap approach, which it claimed is obtuse. According to the website, “Roadmaps are stupid.”
Potential Features of Upcoming DeGods and Yoots NFTs
The website launch led community members to search for clues to the hidden surprises and extra features (Easter eggs), speculating opportunities in-store for NFT holders in the upcoming features.
Clues and teasers on the website suggest DeLabs may introduce female DeGod avatars in season III and modify its gamified DUST token model.
Also, it further suggested a new approach to NFT holders’ IP rights that broadens with current models.
When introduced, the IP rights could allow NFT holders to become official license holders of a brand.
DeLabs unveiled a whitepaper for Yoots in August 2022. The whitepaper outlined a proposal for a unique NFT intellectual property.
However, the NFT creator said the whitepaper, which isn’t available on the Yoots website, is only “an approximation of the plan.”
The whitepaper detailed a potential copyright-style registration for the Yoots collection. In the Twitter Spaces Q&A, Frank shared insights into the IP rights’ making process.
He said the team spent the last seven months working with DeLabs legal firm to draft a new form of IP rights.
The Thought Behind DeLab’s New Website
Following the website announcement, Frank mentioned his affiliation with evocative branding during a Twitter Spaces Q&A session.
He said that there’s something about the early Facebook days. Back then, social media was just about connecting with people in your network.
Frank explained why he released the teaser website in the old-school Facebook page style. He said the internet is losing social connectedness as it expands.
While the continuous expansion makes good opportunities for creators to earn from good content, Frank thinks preserving social connectivity is crucial.
“I think that NFTs help you find your tribe on the internet. As a kid that grew up on the f*cking internet, I’ve always wanted a tribe. We’re going to try to build what we’ve always wanted here,” Frank said
Following DeGod’s launch in 2021 by Frank, the NFT project has cultivated a community around exclusive real-world events and social connections.
Among these real-world events is the beach event organized for DeGods NFT holders last Thursday, July 29.
This strategy saw DeGods become the most valuable NFT project on the Solana blockchain in 2022, prompting DeLabs to launch the subsequent project dubbed Yoots.
However, DeGods and Yoots left the Solana blockchain in January 2023. DeGods migrated to the Ethereum mainnet, and Yoots migrated to Polygon, an Ethereum layer-2 scaling network.
What drove Yoots into opting for Polygon was partly a $3 million grant from Polygon Labs.
As of the time of writing, DeGods NFTs price is down 15.2% in the last 24 hours with a floor price of 7.469 ETH (about $14,632) on secondary markets.
Yoots NFT floor price is also down 15.8% over the past 24 hours at 1.45 ETH (approx. $2,839)
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NFT News
DeGods, Owls, Nakamigos, and Otherside Vessels added to Kraken NFT
DeGods, Owls, Nakamigos, and Otherside Vessels added to Kraken NFT
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We’re thrilled to announce that we have added five new NFT collections to Kraken NFT for our clients to explore, collect and trade.
After revealing dozens of NFT collections over the past few weeks, we carefully selected these new collections so you can continue to build the NFT collection of your dreams with zero gas fees.*
We will continue to add a wide range of new NFT collections every week — from the hottest profile picture communities to the latest gaming experiences — across the Ethereum and Solana blockchains.
Here are the new collections launching on Kraken NFT today:
Owls — Created by REI-N, Owls is a randomly generated NFT collection consisting of more than 90,000,0000 trait combinations
Nakamigos — Inspired by Bitcoin creator Satoshi Nakamoto, Nakamigos is a pixelated profile picture NFT collection created by HiFo Labs
Otherside Vessels — As part of the Yuga Labs ecosystem, Otherside Vessels consist of Shade, which will hatch into a Mara; depending on its type (Enchanter, Farmer, or Hunter) it will provide service to the Otherdeed on which it is living
DeGods (ETH) — Centering around stone busts of emblematic figures, DeGods is a digital art collection and global community of creators, developers, entrepreneurs, athletes, artists, experimenters and innovators
Iron Paw Gang — As a narrative driven project building on the walk-cycle genre, Iron Paw Gang is introducing swap-able driver PFPs and generative soundscapes uniquely tailored to each animation
Check out these collections on Kraken NFT.
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Your opinion will help shape Kraken NFT as we take it to the global market. Please check out our Support Center for any FAQs about using the marketplace, or contact Kraken Support for 24/7 assistance.
If you’re new to the world of NFTs, you can check out our Kraken Learn Center article, What is an NFT? to discover what all the excitement is about.
In addition to these latest NFT collections that have just been added, you can also browse the full list of all 200+ NFT collections available for you to explore, collect and trade on Kraken NFT.
Follow the Kraken Blog and our @KrakenNFT social account to be the first to know when we add new features and NFT collections.
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Will Kraken make more NFTs available?
Yes! But our policy is to never reveal any details until shortly before launch — not even which NFTs we are considering. All of the NFTs available on Kraken can be found on our website, and all future NFTs will be announced on Kraken NFT’s Twitter. Our client engagement specialists cannot answer any questions about which assets we may be making available in the future.
Trade with caution
Specific asset availability and liquidity are not guaranteed. When Kraken makes an NFT collection available for trading, it’s not a recommendation to buy, sell, or participate in the associated collection. Do your own research and invest at your own risk.
*Gas fees will be incurred when transferring NFTs and other cryptoassets on and off the Kraken platform.
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Kraken News
DeGods, Y00ts migrate to new networks, but only one thrives
DeGods NFT migrated to Ethereum from Solana, with slow sales and declining activity. Y00ts NFT collection saw a successful start on Polygon, while trade volume increased on both Ethereum and Solana. DeGods NFT has officially moved to the Ethereum [ETH] network, leaving Solana [SOL] behind. The migration was not without controversy, as it involved a […]
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