y00ts is an NFT collection on the Solana blockchain by Dust Labs – the development team behind DeGods, the top NFT collection of the Solana ecosystem with a 3.33 million trading volume, up 49.26% in 7 days via.
And also last week, DeGods recorded a huge NFT sale, up to 7033.3 SOL, equivalent to $221,177.31, belonging to the work DeGods number 270.
Before y00ts appeared, the project was called Duppies. Dust Labs originally planned for Duppies as an extended collection to the DeGods ecosystem. However, in early July 2022, the team reported a failure to mint Duppies after a Twitter hack, so Dust Labs redirected the activity to Duppies, and y00ts was born.
The number of NFTs in the y00ts collection will be 15,000 NFT, and to generate one NFT, users will need the DeGods ecosystem token DUST. Investors can own DUST by staking NFT DeGods or buying them on DEX exchanges.
But with, many unique features implemented, such as the Alternative (CCO), which allows the NFT to be hosted in the public domain ⓨ, make it easier for NFT holders to build businesses, sub-communities, fan art, and more around their NFTs, contributing to increased interest and, therefore, the value of the NFT.
With this ⓨ, creators can earn a % of the deal commission by adding eye-catching details to that owner’s NFT. Overall, it can be seen that y00ts is creating a significant amount of support for users of NFT copyright protection while still providing an opportunity for them to profit at this point.
The collection has received a lot of attention from several celebrities, including Allen Iverson, Wayne Rooney, Howie Mandel, and more.
As a result, the project’s NFT mint whitelist quickly ran out of space just after the announcement that y00ts would officially release their NFT collection scheduled for September 4.
However, DeGods’ ambition to change the face of the NFT game through y00ts seems to have failed from the very beginning. On September 5, y00ts suddenly announced that they were facing a programming error that prevented them from doing NFT minting for customers. The NFT minting process may be resolved in the next 24 hours, and the project will continuously update users on this status.
With the latest incident from y00ts, perhaps the road to building confidence for the investor community towards Solana’s ambition to pivot NFT against Ethereum will be quite far. Currently, the project has not yet announced the specific recovery process.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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Harold
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