DeGods NFT: A Solana Project
DeGods NFT is a deflationary collection of gods dressed in a creative aesthetic of modern streetwear that meets ancient deity vibes, emphasising community utility. The collection has more than 4,300 owners and is one of the most popular Solana projects on both OpenSea and Magic Eden.
There are currently 9,465 NFTs, as the team has burned the remaining 535 DeGods NFTs. They have characteristics that range from Common to Uncommon, Rare, Super Rare, and Mythic. The Divine Robe, Heaven Background, Night Vision Goggles, Mythic Helmet, Smoke Ring, and other Super Rare and Mythic traits are included in the collection. The Medusa Head is the rarest trait in the collection.
DUST is the DeGods community token designed to further the project's utility. It is a Solana blockchain SPL token with a zero starting supply. The team intends to limit the supply of DUST to 33,300,000. The only way to mine DUST is staking a DeGods or DeadGods NFT.
What are DeadGods?
DeadGods are the new version of DeGods NFT. The upgrade allowed collectors to purchase a "fine art" version of their existing NFT.
DeGods holders could pay 1,000 DUST (the community's utility token) to obtain the new version of their NFTs (which featured the same rarity but had their attributes re-illustrated).
Because the DeadGods NFTs were added to the metadata of collectors' original NFTs, they are considered identical and cannot be sold separately. As a result, the addition of DeadGods did not dilute the collection's supply while increasing its value. It gave holders a much-needed boost and drew the attention of many people outside the community. The new NFTs resemble undead and decaying versions.
DeDao is the community's autonomous decentralised organisation. It is supported by the DeGods' 9.99% marketplace fee, divided into two parts. The 3.33% goes directly to the core team, while the remaining 6.66% goes to DeDAO to help fund project development.
The DeDAO leadership comprised DAO Leads, the DeAlpha Team, and the Divine Council. It also holds community raffles and collaborates to make DAO acquisition decisions.
Is DeGods a worthy investment?
DeGods can be a decent investment because of their deflationary basis. To preserve the value of holders' investments, the creators have implemented special measures such as the Paper Hand Bitch Tax.
Furthermore, the ability to eventually convert DeGodz into DeadGods, which generates even more DUST, adds to the benefits of ownership.
DeGods holders may benefit from market news and events for other NFTs. This has been particularly revealed by the recent launch of y00ts, developed by the same mastermind as DeGods, thereby drawing more attention to the NFT due to the launch. Future market events may generate additional interest in this NFT. With all these considerations, DeGods NFTs could be a wise long-term investment.
Author: Priya Kumari
Priya is a passionate content writer and the co-founder of Finendorse. She is an enthusiastic crypto investor and has a huge interest in the upcoming digitisation age.