2 years ago
In our latest installment of ‘Blue Chip NFTs 101,’ we’re taking a dive into non-Ethereum concatenation NFTs; we’ll beryllium moving our mode done apical 10 blockchains and their biggest NFT projects, each portion inactive highlighting large noteworthy projects that are connected Ethereum.
In our archetypal portion successful the series, we covered the singular rise of ‘Moonbirds,’ the latest NFT task that has seemingly skyrocketed to bluish spot presumption practically overnight. Let’s instrumentality a look at
The Fundamentals: Solana’s NFT Status
Solana has had it’s just stock of critics successful caller years – the concatenation has had periods of intermittent downtime, and it is often criticized arsenic carrying much centralized qualities comparative to comparable and competing chains. The nonsubjective of this write-up isn’t to measure the quality of the chain, but alternatively to hone successful connected 1 of the biggest NFT projects successful the ecosystem. We’ll permission a heavy dive of Solana’s blockchain operation for different day, due to the fact that 1 happening leaves small questioning – Solana was an aboriginal mover successful being an Ethereum rival that offered an NFT ecosystem with affordable state prices.
At existent standing, the blistery trending taxable successful Solana NFTs is undoubtedly Okay Bears – a newer PFP NFT task that has gained traction arsenic the Solana ecosystem has grown.
DeGods: Current Standing
DeGods person acold and distant the highest level terms successful the Solana NFT ecosystem, consistently commanding northbound of 200 SOL portion routinely maintaining a apical 5 presumption successful regular volume. The 10,000 mint task has a marketplace headdress that encompasses astir 20% of the full Solana NFT marketplace cap, according to information from Solana NFT aggregator Hyperspace.
DeGods has a spot much of a ‘legacy’ lasting successful the Solana ecosystem, but arsenic with immoderate aboriginal mover, it tin beryllium hard to support the lasting arsenic challengers emerge. The biggest challenger successful caller weeks has undoubtedly been Okay Bears, which person been the look of Solana connected communities similar NFT Twitter, and has blown distant Solana measurement implicit the past week with implicit $40M worthy of Okay Bears being bought and sold. DeGods surely person a higher ceiling, but having little than 10% of that measurement implicit the aforesaid timeframe suggests that Okay Bears could beryllium gunning for the apical spot arsenic the Solana scenery continues to grow.
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Recent Buzz: A Major Acquisition
What is DeGods doing to cement it’s positioning arsenic a Solana ‘blue chip’? It’s easier said than done, but the DeGods assemblage precocious made a splash and made immoderate headlines by dishing retired astir $625,000 for a squad acquisition successful Ice Cube’s ‘BIG3’ hoops league. The league brings 3×3 half-court hoops with a twist, and has consistently hosted ex-NBA athletes and ex-college stars (some of which person adjacent returned to the NBA level aft appearing for the BIG3, a la Joe Johnson).
DeGods purchased 25 NFTs of the BIG3’s ‘Killer 3s’ squad astatine $25,000 a piece, successful a determination made by the NFT community’s DAO precocious past month. Almost arsenic impactful could beryllium the moves that travel suit. Announced implicit the play was a akin determination from euphony mogul (and well-known crypto fan) Snoop Dogg, who teamed up with PayPal co-founder Ken Howery to acquisition 25 NFTs of their own, this squad for the league squad ‘Bivouac.’ This sponsorship exemplary from the BIG3 is particularly unique, and the league has opened up it’s ain Ownership Model Twitter page, arsenic good arsenic a dedicated whitepaper outlining however the sponsorship exemplary operates. Crypto and blockchain exertion is moving rampant done the BIG3 and DeGods tin safely see themselves ‘early.’
There’s plentifulness much connected the skyline for DeGods arsenic well. In a caller ‘State of the Union‘ address, the squad addressed a autochthonal token (and immoderate of the comments of skepticism astir it), events, and a dedicated clip astir the logic down the DAO purchasing the BIG3 team.
Little is definite successful the NFT landscape, but DeGods is seemingly well-positioned to beryllium a Solana staple with it’s existent engaged assemblage and active, assertive approach.
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