News Report
August 29, 2022

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

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

In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.

About The Author

Agne is a journalist who covers the latest trends and developments in the metaverse, AI, and Web3 industries for the Metaverse Post. Her passion for storytelling has led her to conduct numerous interviews with experts in these fields, always seeking to uncover exciting and engaging stories. Agne holds a Bachelor’s degree in literature and has an extensive background in writing about a wide range of topics including travel, art, and culture. She has also volunteered as an editor for the animal rights organization, where she helped raise awareness about animal welfare issues. Contact her on [email protected].

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Agne Cimerman
Agne Cimerman

Agne is a journalist who covers the latest trends and developments in the metaverse, AI, and Web3 industries for the Metaverse Post. Her passion for storytelling has led her to conduct numerous interviews with experts in these fields, always seeking to uncover exciting and engaging stories. Agne holds a Bachelor’s degree in literature and has an extensive background in writing about a wide range of topics including travel, art, and culture. She has also volunteered as an editor for the animal rights organization, where she helped raise awareness about animal welfare issues. Contact her on [email protected].

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