Home  »  Cryptocurrency   »   Blue Chip NFTs 101 – A Brief Look At Solana’s ‘DeGods’

Blue Chip NFTs 101 – A Brief Look At Solana’s ‘DeGods’

By Orbit Brain

37
Blue Chip NFTs 101 – A Brief Look At Solana’s ‘DeGods’

Blue Chip NFTs 101 – A Brief Look At Solana’s ‘DeGods’

In our newest installment of ‘Blue Chip NFTs 101,’ we’re taking a dive into non-Ethereum chain NFTs; we’ll be working our method by way of prime 10 blockchains and their greatest NFT tasks, all whereas nonetheless highlighting main noteworthy tasks which might be on Ethereum.

In our first piece within the collection, we lined the outstanding rise of ‘Moonbirds,’ the newest NFT undertaking that has seemingly skyrocketed to blue chip standing virtually in a single day. Let’s check out

The Fundamentals: Solana’s NFT Standing

Solana has had it’s justifiable share of critics in recent times – the chain has had durations of intermittent downtime, and it’s usually criticized as carrying extra centralized qualities relative to comparable and competing chains. The target of this write-up isn’t to guage the character of the chain, however reasonably to hone in on one of many greatest NFT tasks within the ecosystem. We’ll go away a deep dive of Solana’s blockchain construction for one more day, as a result of one factor leaves little questioning – Solana was an early mover in being an Ethereum competitor that provided an NFT ecosystem with reasonably priced fuel costs.

At present standing, the new trending matter in Solana NFTs is undoubtedly Okay Bears – a more moderen PFP NFT undertaking that has gained traction because the Solana ecosystem has grown.

DeGods: Present Standing

DeGods have far and away the best ground value within the Solana NFT ecosystem, persistently commanding north of 200 SOL whereas routinely sustaining a prime 5 place in day by day quantity. The 10,000 mint undertaking has a market cap that encompasses practically 20% of the full Solana NFT market cap, in keeping with information from Solana NFT aggregator Hyperspace.

DeGods has a bit extra of a ‘legacy’ standing within the Solana ecosystem, however as with all early mover, it may be troublesome to keep up the standing as challengers emerge. The largest challenger in current weeks has undoubtedly been Okay Bears, which have been the face of Solana on communities like NFT Twitter, and has blown away Solana quantity over the previous week with over $40M value of Okay Bears being purchased and offered. DeGods actually have the next ceiling, however having lower than 10% of that quantity over the identical timeframe means that Okay Bears may very well be gunning for the highest spot because the Solana panorama continues to develop.

Solana (SOL) would not have the legacy standing in NFTs that Ethereum has, however the blockchain has seemingly secured the #2 spot in relation to NFT communities. | Supply: SOL-USD on TradingView.com

Associated Studying | Tron Is Buying and selling Inside It’s Triangle Sample; What Awaits The Coin Subsequent?

Latest Buzz: A Main Acquisition

What’s DeGods doing to cement it’s positioning as a Solana ‘blue chip’? It’s simpler mentioned than completed, however the DeGods neighborhood just lately made a splash and made some headlines by shelling out roughly $625,000 for a workforce acquisition in Ice Dice’s ‘BIG3’ basketball league. The league brings 3×Three half-court basketball with a twist, and has persistently hosted ex-NBA athletes and ex-college stars (a few of which have even returned to the NBA ground after showing for the BIG3, a la Joe Johnson).

DeGods bought 25 NFTs of the BIG3’s ‘Killer 3s’ workforce at $25,000 a bit, in a choice made by the NFT neighborhood’s DAO late final month. Virtually equally impactful may very well be the strikes that comply with go well with. Introduced over the weekend was an analogous transfer from music mogul (and well-known crypto fan) Snoop Dogg, who teamed up with PayPal co-founder Ken Howery to buy 25 NFTs of their very own, this workforce for the league workforce ‘Bivouac.’ This sponsorship mannequin from the BIG3 is particularly distinctive, and the league has opened up it’s personal Possession Mannequin Twitter page, in addition to a devoted whitepaper outlining how the sponsorship mannequin operates. Crypto and blockchain expertise is operating rampant by way of the BIG3 and DeGods can safely take into account themselves ‘early.’

There’s a lot extra on the horizon for DeGods as nicely. In a current ‘State of the Union‘ tackle, the workforce addressed a local token (and a few of the feedback of skepticism round it), occasions, and a devoted clip across the logic behind the DAO buying the BIG3 workforce.

Little is definite within the NFT panorama, however DeGods is seemingly well-positioned to be a Solana staple with it’s present engaged neighborhood and lively, aggressive method.

Associated Studying | APE Takes A Beating As It Sheds 50% Of It’s Value

Featured picture from degods.com, Charts from TradingView.comThe author of this content material shouldn't be related or affiliated with any of the events talked about on this article. This isn't monetary recommendation.*The author of this content material doesn't personal any of the NFTs talked about on this article, nor do they maintain SOL or another Solana-based NFTs at time of publishing. This content material is produced solely for instructional and informational functions.
Featured picture from degods.com, Charts from TradingView.comThe author of this content material shouldn't be related or affiliated with any of the events talked about on this article. This isn't monetary recommendation.*The author of this content material doesn't personal any of the NFTs talked about on this article, nor do they maintain SOL or another Solana-based NFTs at time of publishing. This content material is produced solely for instructional and informational functions.

author-yes-mobile
admin
Orbit Brain is the senior science writer and technology expert. Our aim provides the best information about technology and web development designing SEO graphics designing video animation tutorials and how to use software easy ways.
and much more. Like Best Service Latest Technology, Information Technology, Personal Tech Blogs, Technology Blog Topics, Technology Blogs For Students, Futurism Blog.


Latest Posts




RELATED ARTICLES

C-Level Executives Join Homeros to Expand DeFi Opportunities

C-Level Executives Join Homeros to Expand ...

416

Post By Orbit Brain

Data Shows Crypto Hacks And Fraud In 2021 Are On Track For A New Record

Data Shows Crypto Hacks And Fraud In 2021 ...

389

Post By Orbit Brain

Cardano Founder Reiterates Long-Term Purpose Amid Sell-Off Panic

Cardano Founder Reiterates Long-Term Purp ...

245

Post By Orbit Brain

Bridging the Gap Between Blockchain and Social Media

Bridging the Gap Between Blockchain and S ...

247

Post By Orbit Brain

Why Bitcoin Needs To Go Above This Level To Reclaim $50K

Why Bitcoin Needs To Go Above This Level ...

49

Post By Orbit Brain