Top NFT collection: Solana’s DeGods raised over $1 million in 24 hours


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Roadmap of DeGods

Solana-based DeGods NFT collection could be the next Okay Bears, which hit record sales as the top Solana collection in the Ethereum-dominated market. In the last 24 hours, DeGods have made 37,068 SOL and are currently ranked first on OpenSea. The current floor price of the collection is 597 SOL, with a total volume of over 852,000 SOL.

degods nft
Source: OpenSea

DeGods is a digital art collection of 10,000 NFTs built by a global community of entrepreneurs, developers, and creators. 

“Your DeGod gives you the ability to mine DUST, access to our NFT tracking mobile app DYOR, membership into our community, and tons of other cool sh*t. DeGods can be converted to DeadGods with DUST,” the project’s description reads. 

DeGod holders receive royalties ranging from 33.3% to 200% on its utility token, $DUST.

The highest sale of a DeGod NFT was 1,400 SOL (around $42,966).

https://twitter.com/DeGodsSalesBot/status/1564209697917485057

Some of the DeGods NFT holders include the co-founders of Solana Labs, Anatoly Yakovenko and Raj Gokal, co-founder and CTO of Magic Eden, Sidney Zhang, and other influential Web3 figures. 

However, DeGods wasn’t a successful collection from the beginning. In a tweet, team member Taylor explained why the NFTs were considered “dead” nine months ago. 

Before the launch, DeGods became viral and was hyped before the mint. The collection sold out in seven seconds after launching in October 2021. Unfortunately, the mint wasn’t smooth, with many losing money and time in unsuccessful mints. People became suspicious of the project, so the floor price went down. The founders received numerous complaints in their DMs each day. 

The situation turned around in January when the NFT collection launched $DUST and recreated DeGods. The PFP NFTs renamed to DeadGods now looked like professional art. In April, DeGods became the #1 collection on Solana and broke a record with a 333 SOL floor price. The NFT community (DeDAO) then became the first to acquire a professional basketball team. 

One of the crucial reasons the collection is thriving — is the strong community. To market DeGods, holders posted videos that became viral, and the founders held a massive NFT event in Manhattan. As “the greatest community in the metaverse” (that is how DeGods advertises it) is thriving, the NFTs will succeed too. 

degods nft
The floor price of DeGods throughout the year; Source: Magic Eden

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Disclaimer

Any data, text, or other content on this page is provided as general market information and not as investment advice. Past performance is not necessarily an indicator of future results.

Agne Cimermanaite

Agne is a journalist and writer with a background in literature, culture, and arts. She entered the Web3 space in 2021 and began writing about cryptocurrency and NFTs. Agne is passionate about technology and storytelling and is always on the lookout for exciting stories.

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