Our Blue Chip NFTs 101 collection is now approaching six months within the making, and we’ve taken wholesome deep dives into a number of the greatest NFT tasks out there; whereas everybody has heard of Bored Apes and CryptoPunks, we’ve taken the time to offer hefty due diligence round different main blue chip tasks like World of Girls, Artwork Blocks, DeGods, Moonbirds, and extra.
We’re again within the combine and trying to preserve you forward of the curb as an upcoming mint for NFT mission ‘y00ts’ has generated a lot traction and discuss, we suspect it might simply be a blue chip within the making. It’s invite-only whitelist so far, which brings all the professionals and cons of exclusivity, and most notably the hype and anticipation that restricted entry can carry. Let’s take a deep dive into y00ts and what we’ve seen so far.
From DeGods To y00ts: Is Blue Chip Standing Actually That Simple?
It’s been over three months since we printed our Blue Chip NFTs 101 piece on DeGods, the standout Solana mission that basically took Solana-based NFTs excessive and helped surge the blockchain into the agency #2 place within the NFT market, second to solely Ethereum. On the time, DeGods have been commanding a ground value at roughly 200 SOL (roughly $15K with SOL costs on the time). Regardless of an ongoing bear marketplace for NFTs, in the present day the DeGods assortment stands at practically a 600 SOL ground, which at in the present day’s SOL costs, equals virtually $20K. Step apart, bear market, as a result of DeGods have been enduring the storm.
Why do DeGods match into the equation on this dialogue? The workforce behind DeGods is basically that behind y00ts, with each tasks spearheaded by more and more common NFT determine, Frank. We’ve taken the time to evaluate DeGods at size, so let’s shift again to y00ts; is Frank merely a neighborhood mastermind who understands the key sauce of NFT tasks, or is DeGods the exception to the rule, with y00ts using the hype practice? Solely time will inform, however within the meantime we are able to take an goal have a look at what has gotten a lot pleasure behind y00ts to hold it to the place it’s in the present day. This yr, DeGods have actually exceeded many expectations, securing a agency place as the highest Solana NFT mission with few rivals even coming shut.
Solana (SOL) has been exhibiting actual potential at being a prime NFT blockchain; can y00ts assist safe the blockchain's #2 spot, and even look to have Solana contest Ethereum within the NFT realm? | Supply: SOL-USD on TradingView.com
Present Strikes As Mint Approaches
What’s the catch round all the present hype? Few NFT tasks have had this a lot hype pre-mint, and you might argue that this would be the first NFT mission on the Solana blockchain to carry this a lot hype earlier than mint. Whereas the mission is slated to move to mint on the finish of this week (September 2, to be actual), the hype has been fueled by a whitelist software course of over latest weeks. The window closed final weekend, however y00ts have been saying main whitelist spots to recognizable expertise and influencers – which is all the time sure to be a controversial technique as normies really feel left for the mud with public mint. So far, nonetheless, it appears to have paid off for the mission, who’ve additionally accepted handfuls of functions from non-recognizable names – even in crypto.
In the meantime, the mission’s imaginative and prescient outlined within the whitepaper is to problem conventional strains of pondering round NFT mental property. The mission seems to combine streamlined IP utilization instruments which can be owner-first, and construct out a storefront that enables customers to customized their NFT belongings at their discretion; in brief, it’s a roadmap for what the mission calls “y00topia.”
In the meantime, y00ts have filed a registered trademark earlier this month which might present added perspective, too. The submitting spans a wide range of use instances, together with broad software program items, NFT-related retail and advertising efforts, digital asset and NFT market lessons, leisure and training and extra. Whereas tasks and corporations usually overindex (slightly than the choice) in terms of trademark functions, the transfer additionally indicators y00ts need to go large.
Keep tuned to see if y00ts can take over DeGods for the highest spot on Solana.
Featured picture from twitter.com/y00tsNFT, Charts from TradingView.com The author of this content material is just not related or affiliated with any of the events talked about on this article. This isn't monetary recommendation. The next op-ed represents the views of the writer, and will not essentially mirror the views of Bitcoinist. Bitcoinist is an advocate of inventive and monetary freedom alike. *The author of this content material doesn't personal any of the NFTs talked about on this article. This content material is produced solely for instructional and informational functions.
