Skepticism Surrounding Nakamigos NFT Project
The Nakamigos NFT team is facing skepticism from its community members regarding the value and utility of the project. Critics argue that the introduction of another NFT collection has diluted the project’s supply, similar to what happened with Azuki and its Elementals collection.
DeGods Effect Repeated
Nakamigos has decided to repeat the experience of DeGods S3. The “DeGods effect” refers to a series of steps taken by a project:
- Publishing news that will receive significant hate
- Changing the plan
- Implementing an actual change that improves upon the first one
Azuki’s Controversial Elemental NFTs
In June, Chiru Labs launched its Elemental NFTs, which caused controversy among collectors. Many of the NFTs appeared similar to original Azuki NFTs, contrary to expectations. As a result, Azuki NFT floor prices dropped over 50%.
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Hot Take: Nakamigos Faces Doubts Amidst NFT Collection Release
Nakamigos’ latest NFT collection release has raised doubts among its community members. The criticism stems from concerns about the dilution of the project’s supply, similar to what occurred with Azuki’s controversial Elemental collection. This skepticism reflects a recurring pattern in crypto projects known as the “DeGods effect,” where projects face backlash, make changes, and ultimately improve upon their initial plans.
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