A Brief Look At Solana’s ‘DeGods’

DeGods has the highest floor price in the Solana NFT ecosystem
Its floor price demands 200 SOL
The project has a market cap that is about 20% of the total Solana NFT market cap

Solana has had its reasonable portion of pundits as of late – the chain has had times of irregular free time, and is frequently reprimanded as conveying more concentrated properties compared with practically identical and contending chains.

The reason for this review isn’t to assess the idea of the chain, yet to work on one of the biggest NFT projects in the biological system.

They’ll take a profound jump of Solana’s blockchain structure for one more day, as little inquiries emerge on a certain something – Solana was an early mover to be an Ethereum contender that offered an NFT environment with reasonable gas costs.

In the ongoing circumstance, the hot moving point in Solana NFT is without a doubt OK Bear – another PFP NFT project that has built up momentum as the Solana environment develops.

Divinity: Current Status

DeGods has the most noteworthy floor cost in the Solana NFT environment, reliably directing more than 200 SOL while routinely keeping a main 5 spot in day-to-day volume. As per information from Solana NFT aggregator Hyperspace, the 10,000 Mint undertaking has a market cap, which is around 20% of the complete Solana NFT market cap.

DeGods have even more of an ‘inheritance’ status in the Solana biological system, however, similarly as with any early mover, it very well may be hard to face the test as it comes.

The greatest test as of late has without a doubt been the OK Bears, which Solana has been the face on networks like NXT Twitter, and Solana volumes over the course of the last week have seen more than $40M worth of OK Bears being traded.

DeGods surely has a high roof, however, having under 10% of that volume over a similar time period recommends that OK Bears could be gunning for the best position as the Solana scene keeps on developing.

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Ongoing Discussions: A Major Acquisition

How is DeGods hardening its status as a Solana ‘blue chip’? It’s not exactly simple or easy, however, the DeGods people group as of late stirred things up and stood out as truly newsworthy by paying around $625,000 for a group takeover in Ice Cube’s ‘BIG3’ ball association.

The association accompanies 3×3 half-court ball with a contort and has reliably facilitated previous NBA competitors and ex-school stars.

DeGods purchased 25 NFTs from BIG3’s ‘Executioner 3s’ group for $25,000 per piece, in a choice made by the DAO of the NFT people group toward the end of last month.

The moves that stick to this same pattern can be similarly great. Declared over the course of the end of the week was a comparable move from music magnate (and notable crypto fan) Snoop Dogg, who collaborated with PayPal fellow benefactor Ken Howery to purchase 25 NFTs for association group ‘Bivok’.

This sponsorship model of BIG3 is especially extraordinary, and the association has opened up its possession model twitter page, as well as a committed whitepaper that makes sense of how the sponsorship model works. Crypto and blockchain innovation is spinning out of control through BIG3 and DeGods can securely view themselves as a ‘novice’.

There’s a lot not too far off for DeGods too. as of late ‘condition of the Union Address, the group tended to a committed clasp encompassing a local token (and a few remarks of suspicion encompassing it), the occasions, and the reasoning behind The DAO purchasing the BIG3 group.

The NFT scene isn’t sure, yet DeGods is strategically situated to be a Solana staple with an as of now drawn in the local area and proactive, forceful methodology.

Andrew is a blockchain developer who developed his interest in cryptocurrencies while his post-graduation. He is a keen observer of details and shares his passion for writing along with being a developer. His backend knowledge about blockchain helps him give a unique perspective to his writing