DeGods’ “Season III” Announcement Sends Trading Volume Soaring
DeGods, a popular profile-picture (PFP) project in the non-fungible token (NFT) space, has seen a significant increase in trading volume following the announcement of its plans for “Season III.” In the past 24 hours, DeGods’ trading volume has surged by 197%, totaling 1,359 ETH or approximately $2.5 million. This surge in trading activity has propelled DeGods to the top of the leaderboard on the NFT platform OpenSea.
Key Points:
– DeGods’ floor price has decreased during this sales spree, but the purchase of a $13,600 NFT indicates a positive trend in NFT sales beyond the project itself.
– The “Season III” announcement includes the addition of 20,000 new artworks to the collection, as well as the introduction of female PFPs that can be swapped for male PFPs.
– DeGods will also be removing traits from NFTs that holders do not like and adding new ones to replace them, ensuring that each new trait is unique and fits within the design system.
– Rather than diluting the collection with new tokens, each individual DeGod NFT will now have four pieces of generative art associated with it.
– Holders can update their tokens for a cost of 333 DUST, the collection’s native utility token, which will be put towards a prize pool for DeGods Season III holders to play games and earn prizes.
DeGods’ decision to migrate from Solana to Ethereum, as well as the sudden migration of its sister collection Y00ts to Ethereum, demonstrates a move towards consolidating and unifying the project.
Hot Take:
DeGods’ “Season III” announcement has sparked a surge in trading volume and excitement within the NFT community. The project’s commitment to innovation and addressing holder preferences through the addition and removal of traits shows a dedication to providing a unique and enjoyable NFT experience. The decision to migrate to Ethereum further solidifies DeGods’ presence in the NFT space and offers potential for growth and collaboration. As NFT trading volume fluctuates, DeGods’ success could serve as a positive indicator for the industry as a whole.
Cora Skindell is a standout figure in the world of cryptocurrency analysis, research, and editorial expertise. As a seasoned crypto analyst and researcher, Cora’s insights delve deep into the complexities of digital assets, resonating with a diverse audience. Her ability to dissect intricate crypto concepts is complemented by her adept editorial skills, enabling her to distill complex information into easily understandable content.