Nov. 2022, Vincy

Data Source: Footprint Analytics — DeGods NFT Collection

• The DeGods series has 10,000 Solana minted NFTs.

• DeGods holders have access to DeDAO and the community.

• It launched the DUST agreement in January, allowing holders to pledge their DeGods NFTs and earn DUST.

• On Oct. 9, DeGods announced the elimination of 9.99% trading royalties on its NFT series.

DeGods is a deflationary NFT project launched in October 2021 by FrankDeGods and his team. The series features degenerates, punks and misfits and is based on Solana.

As of November 7, DeGods daily trading volume is firmly in second place for NFT on Solana.

*Source: *nft.footprint.network

DeGods has its own native token, called DUST. NFT holders can use DUST to access auctions, upgrades, lotteries, whitelists and participate in DAOs.

In the DeGods ecosystem, DeGod holders have the option to destroy DeGods to obtain DUST tokens, and the higher the rarity, the more DUST tokens they will receive. It should be noted that holders can only destroy one DeGods in one wallet per day.

In addition, the DeadGod collection was announced in April this year, which allows users to convert their DeGod holdings into DeadGods for 1,000 DUST.

DeGods on left, DeadGods on right

• DeadGods were released on March 31 and are all mutated from Degods, with no additional releases

• The staked DeGod can be directly mutated without release of stake, and the scarcity is not affected

• Can be staked: get bonus 30 DUST/day

• Can’t be burned, already died once, can’t die again

It’s been over a year since DeGod NFT was launched, but it hasn’t been as much of a hit as projects like BAYC and Azuki. However, it quickly rose to fame when its founder announced on October 9 that he was eliminating the trading royalty on his NFT series. This also meant that it dropped from a 9.99% fee to 0% when trading on the secondary exchange. Buyers and sellers have been more active than ever.

*Footprint Analytics — *DeGod NFT Buyer & Seller

In response, he explained the reason for the removal of royalties on Twitter.

But for other royalty-supporting marketplaces, the topic of eliminating royalties is controversial. For example, marketplaces like OpenSea and Magic Eden support royalties to protect the interests of creators. And while platforms like X2Y2 and Sudoswap have been competing for market share, platforms have introduced a 0% royalty mechanism to incentivize more traders to trade on the trading platform.

In addition to the aforementioned royalty removal, FrankDeGod has also launched his second project after DeGods, y00ts. DUSTcan be used to mint its whitelist distribution of y00ts.

In the fast-growing NFT sector, DeGods have risen by introducing creative mechanisms such as the DUST protocol and DeadGods, and eliminating royalty fees to provide more value to holders.

This piece is contributed by Footprint Analytics community.

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