Blue Chip NFTs 101 – A Brief Look At Solana’s ‘DeGods’
09 Maggio 2022 - 06:29AM
NEWSBTC
In our latest installment of ‘Blue Chip NFTs 101,’ we’re taking a
dive into non-Ethereum chain NFTs; we’ll be working our way through
top 10 blockchains and their biggest NFT projects, all while still
highlighting major noteworthy projects that are on Ethereum. In our
first piece in the series, we covered the remarkable rise of
‘Moonbirds,’ the latest NFT project that has seemingly skyrocketed
to blue chip status practically overnight. Let’s take a look at The
Fundamentals: Solana’s NFT Status Solana has had it’s fair share of
critics in recent years – the chain has had periods of intermittent
downtime, and it is often criticized as carrying more centralized
qualities relative to comparable and competing chains. The
objective of this write-up isn’t to evaluate the nature of the
chain, but rather to hone in on one of the biggest NFT projects in
the ecosystem. We’ll leave a deep dive of Solana’s blockchain
structure for another day, because one thing leaves little
questioning – Solana was an early mover in being an Ethereum
competitor that offered an NFT ecosystem with affordable gas
prices. At current standing, the hot trending topic in Solana NFTs
is undoubtedly Okay Bears – a newer PFP NFT project that has gained
traction as the Solana ecosystem has grown. DeGods: Current
Standing DeGods have far and away the highest floor price in the
Solana NFT ecosystem, consistently commanding north of 200 SOL
while routinely maintaining a top 5 position in daily volume. The
10,000 mint project has a market cap that encompasses nearly 20% of
the total Solana NFT market cap, according to data from Solana NFT
aggregator Hyperspace. DeGods has a bit more of a ‘legacy’ standing
in the Solana ecosystem, but as with any early mover, it can be
difficult to maintain the standing as challengers emerge. The
biggest challenger in recent weeks has undoubtedly been Okay Bears,
which have been the face of Solana on communities like NFT Twitter,
and has blown away Solana volume over the past week with over $40M
worth of Okay Bears being bought and sold. DeGods certainly have a
higher ceiling, but having less than 10% of that volume over the
same timeframe suggests that Okay Bears could be gunning for the
top spot as the Solana landscape continues to grow. Solana (SOL)
doesn't have the legacy standing in NFTs that Ethereum has, but the
blockchain has seemingly secured the #2 spot when it comes to NFT
communities. | Source: SOL-USD on TradingView.com Related Reading |
Tron Is Trading Within It’s Triangle Pattern; What Awaits The Coin
Next? Recent Buzz: A Major Acquisition What is DeGods doing to
cement it’s positioning as a Solana ‘blue chip’? It’s easier said
than done, but the DeGods community recently made a splash and made
some headlines by dishing out roughly $625,000 for a team
acquisition in Ice Cube’s ‘BIG3’ basketball league. The league
brings 3×3 half-court basketball with a twist, and has consistently
hosted ex-NBA athletes and ex-college stars (some of which have
even returned to the NBA floor after appearing for the BIG3, a la
Joe Johnson). DeGods purchased 25 NFTs of the BIG3’s ‘Killer 3s’
team at $25,000 a piece, in a decision made by the NFT community’s
DAO late last month. Almost equally impactful could be the moves
that follow suit. Announced over the weekend was a similar move
from music mogul (and well-known crypto fan) Snoop Dogg, who teamed
up with PayPal co-founder Ken Howery to purchase 25 NFTs of their
own, this team for the league team ‘Bivouac.’ This sponsorship
model from the BIG3 is especially unique, and the league has opened
up it’s own Ownership Model Twitter page, as well as a dedicated
whitepaper outlining how the sponsorship model operates. Crypto and
blockchain technology is running rampant through the BIG3 and
DeGods can safely consider themselves ‘early.’ There’s plenty more
on the horizon for DeGods as well. In a recent ‘State of the Union‘
address, the team addressed a native token (and some of the
comments of skepticism around it), events, and a dedicated clip
around the logic behind the DAO purchasing the BIG3 team. Little is
certain in the NFT landscape, but DeGods is seemingly
well-positioned to be a Solana staple with it’s current engaged
community and active, aggressive approach. Related Reading | APE
Takes A Beating As It Sheds 50% Of It’s Price Featured image from
degods.com, Charts from TradingView.com The writer of this content
is not associated or affiliated with any of the parties mentioned
in this article. This is not financial advice. *The writer of this
content does not own any of the NFTs mentioned in this article, nor
do they hold SOL or any other Solana-based NFTs at time of
publishing. This content is produced solely for educational and
informational purposes.
Grafico Azioni Solana (COIN:SOLUSD)
Storico
Da Feb 2024 a Mar 2024
Grafico Azioni Solana (COIN:SOLUSD)
Storico
Da Mar 2023 a Mar 2024