What is DeGods NFT?
Interesting facts about Degods NFT collection:
1. DeGods is a Solana-based deflationary NFT collection created by Frank DeGods, also known as Rohun Vora.
2. In March 2021, DeGods emerged on Twitter as a deflationary NFT, initially facing challenges due to bot interference during its exclusive release to potential investors.
3. The project implemented key upgrades to overcome initial setbacks and prevent discontinuation.
4. Staking for DeGods went live in January 2022, with over half of its supply staked within the first day, indicating a surge in popularity.
5. Frank DeGods, initially anonymous, revealed his identity via X on November 29, 2022.
6. DeGods employs a deflationary strategy, including the "Paper Hands Bitch Tax," later replaced with a 9.99% royalty fee on every sale, and a Low-Value NFT Buyback mechanism to maintain value.
7. The $DUST utility token is integral to the project, generated through burning NFTs or staking DeGods NFTs, providing passive income opportunities.
8. The project gained attention from high-profile celebrities, including Howie Mandel, David Beckham, Wayne Rooney, and Shaquille O'Neal.
9. DeadGods NFTs, created by transcending DeGods NFTs using DUST tokens, are rarer and more valuable, offering exclusive benefits within the DeGods ecosystem.
10. DeDAO, a decentralized autonomous organization, is funded by a 9.99% marketplace fee, contributing to liquidity pools, supporting community talents, and making strategic purchases.
11. On April 28, 2022, DeDAO purchased a professional basketball team in Ice Cube's BIG3 league for approximately $625,000, granting the community control over various aspects.
12. In December 2022, the DeGods team announced the project's migration from Solana to Ethereum in Q1 of 2023 to achieve further growth.
13. DeGods Season 3, announced in August 2023, introduced an art "downgrade" and the Points Parlor gamified business model to enhance community engagement and rewards.
14. Points Parlor allows users to earn loyalty points through holding DeGods NFTs, which can be used to win rewards, including brand-sponsored prizes such as a Tesla Model 3.
15. The DeGods project represents a unique experiment in the NFT space, with its dynamic strategies, celebrity endorsements, and community-focused initiatives.
#degods #solana #nfts #solananfts #nft #nftartist #nftcollection #facts
