A Bored Ape whale, who goes under the pseudonym "Pokeee.eth" on [Twitter](https://twitter.com/pokeepandaa), just spent ~$900k on 69 DeGods NFTs. DeGods is a dominant [NFT project on Solana](/news/article/how-to-find-new-nft-projects), with all-time sales of over $135M, according to [CryptoSlam data](https://www.cryptoslam.io/degods).

That said, what makes a DeGods NFT such a prized asset? And why did the NFT collector spend BIG on the project?

![degods1.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/degods1_d298b36907.png)

Source: DeGods

## What is DeGods?

DeGods claims to be the "#1 NFT community on Solana". These NFTs are NOT a derivative of the Bored Ape Yacht Club (BAYC). Instead, this collection is [works of original art](/news/article/how-to-make-nft-art).

These non-fungible tokens are held by many prominent members in the crypto space, including Anatoly Yakovenko and Raj Gokal (Co-founders of Solana), Ice Cube (an American rapper), and Sidney Zhang (Co-founder and CTO of Magic Eden).

At the time of writing, there are 3,540 holders of the digital art collection – North Korea is the only country that does not have a DeGods holder. With more than $135M in sales to date, it is not surprising that the DeDAO (The project's DAO) bought a basketball team on 28 April, 2022 – the Big3 team, Killer 3s, for $625,000! A first in NFT history.

![degods2.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/degods2_b424d0178d.png)

Source: [DeGods](https://degods.com/)

Holders of the non-fungible token earn in $DUST, the native token of the DUST Protocol, based on Solana. Currently, the cheapest DeGods NFT available on the open market is worth 517.78 SOL. The piece of art goes by the name "DeGod 4640".

The most expensive sale to date was made as recently as 18 hours ago, for $17,657.76 – DeGod #9001. There's more information about the project on the [website](https://degods.com/).

## Why did Pokeee.eth buy 69 DeGods NFTs?!?

On 13 January, 2023, Pokeee.eth promised to purchase 69 of the digital art tokens if the below post received more than 1,000 likes. The digital art collector's move was in support of the project's impending [move to Ethereum](/news/article/ethereum-whales-fuel-eth-bounce-back). The post has received nearly 3,000 likes, and Pokeee.eth is a man of his word.

![degods3.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/degods3_d4679166d3.png)

Source: [Twitter](https://twitter.com/pokeepandaa/status/1613961351780773890)

On 16 January, 2023, Pokeee.eth tweeted a video showing his floor sweep (purchase at floor price) of 69 of the NFTs for around $900k, through the Magic Eden marketplace.

![degods4.png](https://s3.eu-west-2.amazonaws.com/prod-monitalks-media/degods4_0f5a186be7.png)

Source: [Twitter](https://twitter.com/pokeepandaa/status/1614968118287433728?cxt=HHwWgIDU4c68wuksAAAA)

Notably, the NFT collector owns three BAYC NFTs as well – BAYC #7816, #6587, and #7369.


Pink image of nft whale and bored ape logo

Bored Ape Whale Buys 69 DeGods NFTs 

[DeGods](https://www.degods.com/) 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.

DeGods NFT can be purchased on the [Magic Eden](/news/article/magic-eden-expands), Alpha Art, OpenSea, and [Solanart](/news/article/solanart-nft-marketplace) marketplaces.

## DUST

DUST is the DeGods community token designed to further the project's utility. It is a [Solana](/news/article/solana-nft) 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

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.


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