Latest y00ts (Polygon) News

DeGods and y00ts announced major updates, including the closure of Points Parlor and the launch of innovative community initiatives like de[starter] and de[id].

The Deets

• Discontinuation of Points Parlor for DeGods & y00ts due to community dissatisfaction and system issues
• Assembling a dedicated team for BTC DeGods
• Partnership with KrakenFX for de[Basel] events at Art Basel in Miami Beach
• Hiring Presidents for y00ts and DeGods to work with Frank
• Development of de[id] identity system integrating both on-chain and off-chain activities
• Launch of [de]ToX App for content curation from DeGods and y00ts creators
• Introduction of de[starter] to de-risk NFT IP-based ventures, starting with merchandise
• Enhancement of community connections through a Y Combinator-style directory and chat discovery engine
• Emphasis on IRL connections with over 100 community events and the establishment of de[city] in major cities

The Bulk

The recent "Clarify" phase announcements from DeGods and y00ts mark a significant shift in strategy, focused on community empowerment and growth. The first major announcement was the discontinuation of the Points Parlor initiative, which addressed the community's dissatisfaction with its skewed distribution and RNG-based rewards.

Meanwhile, the team is doubling down on its community. It will start with the hiring of Presidents for y00ts and DeGods, who will work alongside Frank without a budget but with posting privileges. 

The launch of the [de]ToX App is a strategic move to curate and promote content from within the DeGods and y00ts communities, fostering a more connected ecosystem. Moreover, the introduction of de[starter] aims to lower barriers for utilizing NFT IP in business ventures, starting with merchandise.

Finally, the emphasis on IRL connections and the establishment of de[city] in major global hubs highlights the project's hope to connect community members in real-life.

The partnership with KrakenFX for de[Basel] promises a unique blend of art and crypto, with activities planned at a villa in Miami Beach. This initiative is a clear move towards integrating digital art in prestigious physical art events.

Last but not least, the project provided an update on the development of de[id], a comprehensive identity system, which showcases an innovative approach to integrating on-chain and off-chain activities and building and verifying a digital reputation. 

📊 By The Numbers

DeGods are up 3.59% over the last 24 hours while y00ts are down 1.68%. 

🎤 Founder Feedback

🔜 What's Next? 

A comprehensive and interactive roadmap is expected in the coming days, including additional announcements from Frank and team. 

For more web3 and NFT news, visit the Lucky Trader newsfeed.

y00ts initiated its bridge to Ethereum, offering to cover gas fees on its first day and distributing 10 y00ts to random bridging wallets within 24 hours.

The Deets

• Gas fees covered on the launch day of the Ethereum bridge.
• 10 y00ts to be given randomly to users bridging within the next day.
• After October 22, a 33.3% royalty fee on y00ts traded on Polygon.

The Bulk

y00ts officially unveiled its bridge to Ethereum, in a bid to enhance user experience and streamline transactions. As part of the bridge opening, the company will cover all gas fees for transactions carried out on the first day of the bridge's operation.

As an additional incentive, y00ts promises to randomly distribute 10 of its NFTs to wallets that utilize this bridge within the subsequent 24 hours. However, users are advised to act swiftly; post-Oct. 22, any y00ts traded on the Polygon network will incur a royalty fee of 33.3%.

Furthermore, y00ts clarifies that y00tpoints will exclusively be functional on Ethereum. Users are also informed that there is no need to stake their y00ts on ETH, simply holding them in their wallet will suffice. There's a wave of updates coming to the entire platform, which is set to be unveiled in the forthcoming phase, "Clarify." 

🎤 Community Quotes

🔜 What's Next?

 y00ts may have forthcoming updates as part of the in the "Clarify" step of the DeLabs "Comeback." 

For more web3 and NFT news, visit the Lucky Trader newsfeed.

Frank DeGods announced a complete reset to DeGods, reverting all DeGods NFTs back to Season 1 and that this week users can freely migrate their y00ts to Ethereum.

The Deets

• Season Reset: All DeGods have been reset to Season 1.
• Season Selection: Users can now switch between Seasons 1, 2, and 3 on the DeGods website.
• y00ts Migration: This week, users can migrate their y00ts to Ethereum at no cost.
• Unified Growth: y00ts and DeGods will progress in unison moving forward.

The Bulk

DeGods is hoping to rejuvenate and unify its communites with the latest "Comeback" announcement from Frank DeGods. In a nod to its origins, all DeGods were reset back to Season 1, a phase symbolizing their initial days—days marked by fun, camaraderie, and a genuine desire to prove their mettle.

Additionally in an attempt to unify the company's main two projects, users will have the opportunity to migrate their y00ts to the Ethereum blockchain for free sometime this week. This significant move aims to eliminate the distinction between the two and ensure y00ts and DeGods grow hand in hand moving forward. 

Lastly, Frank hinted at the launch of a new feature or product (currently unnamed) which will further address concerns and questions surrounding their entire ecosystem—from y00ts to $DUST.

📊 By the Numbers

DeLabs' $DUST token is down 16.7% in the last 24 hours to $0.55, nearly 93% below its all-time high of $7.58. 

🎤 Community Quotes

🔜 What's Next?

Sometime this week y00ts should expect a more formal announcement regarding the migration to ETH. Plus, we may be in for an announcement of some product release as teased by Frank. 

For more web3 and NFT news, visit the Lucky Trader newsfeed.

For more web3 and NFT news, visit the Lucky Trader newsfeed.

Frank DeGods shared a detailed telling of the rise of DeGods and y00ts in a longform tweet to his audience over the weekend.

The Deets

• DeGods started with human PFPs amidst animal PFP trend.
• Introduced the Paper Hand Bitch Tax for under-the-floor listings.
• Launched the fair token, $DUST, with a max supply of 33,300,000.
• Pioneered the art upgrade meta with DeadGods.
• Bridged blockchains, and started anew on BTC. 
• Introduced de[id] as next major initiative, with S3 coming soon. 

The Bulk

Originating as an antithesis to the raging trend of animal-themed PFPs, DeGods introduced human avatars to make their holders feel revered, like gods. The experimental approach gave birth to the Paper Hand Bitch Tax, though it was unsuccessful.

Pivoting, they then launched a token, $DUST, replicating the simplicity of Bitcoin's structure. This initiative stood in contrast to the complex and sometimes unfair tokenomics of other NFT projects of that era.

One of the most groundbreaking steps was the art upgrade, which converted DeGods to DeadGods, making them a frontrunner project on SOL. The project solidified its staying power by purchasing a basketball team in the Big3 league for $500K.

Yet, the allure for a fresh collection was palpable. Instead of predictable extensions, Frank and team introduced y00ts and the y00tlist, aiming to reshape community-building in web3. y00ts and DeGods later bridged blockchains to Polygon and Ethereum, respectively. 

The blockchain move set the stage for a new entrant, Bitcoin. In 2023, Frank discovered Ordinals and "decided to flex on everybody and literally inscribe an entire Bitcoin block." 

Since that time, the company teased de[id] an improvement on holder verification, to continue to improve infrastructure for community building. It's next 

It hasn't all been smooth sailing. Frank pointed the 0% royalty trend, and FTX collapse as difficult times. 

🎤 Community Quotes

🔜 What's Next?

Frank's project rundown comes just two days ahead of the launch of DeGods Season 3, which is expected to launch on August 9. 

For more web3 and NFT news, visit the Lucky Trader newsfeed.

Frank DeGods teased a few details of the upcoming v0.1 of de[id], a platform offering unique wallet authentication, Twitter integration, and enhanced Web3 profiles from DeGod's founding company, Dust Labs. 

The Deets

• de[id] + Wallet: Offers authentication for ETH, Polygon & BTC, with wallet delegation to minimize security risks
• de[id] + Twitter: Connect your Twitter account for streamlined interactions with DeGods & y00ts NFT communities
• de[id] v1.0 (coming soon): Promises a more user-centric web3 profile environment

The Bulk

Dust Labs has unveiled the v0.1 of de[id], a cutting-edge platform designed to reshape how users interact with the Web3 ecosystem. The platform's functionality can be broken down into three key areas: wallet, Twitter, and user profiles.

In the realm of wallets, de[id] brings an advanced level of authentication for Ethereum, Polygon, and Bitcoin, providing a much-needed feature in an industry plagued by security concerns. Furthermore, it introduces the concept of wallet delegation. With this, users can authenticate their cold wallet once and avoid the risks associated with repeatedly accessing these secure storage solutions.

The platform's integration with Twitter enables quick community building. Upon connecting their Twitter accounts, users will be followed by DeGodsNFT and y00tsNFT. And shortly, a feature will allow users to one-click follow all verified DeGods and y00ts NFT holders. 

🎤 Founder Feedback 

🖼️ The Big Picture

Dust Labs is working to simplify the community building experience, making it more accessible, secure, and user-friendly. 

@waleswoosh summarized a Discord AMA session held by Dust Labs founder Frank in an early morning Twitter thread that was later retweeted by the official y00ts Twitter account today.

❗ The Details

In the AMA, Frank hit on a number of upcoming initiatives within the Dust Labs ecosystem, most notably:

• y00tpoints, the rewards program for y00ts holders, is one of the team's current priorities. Earned through staking a y00ts NFT, y00tpoints will soon be redeemable for rewards, which will "not be merch, but dope sh*t that no one expects," according to Frank.
• y00ts will receive a forthcoming art upgrade, but the rumor that states holders will be able to purchase certain traits using y00tpoints is not true.
• Operation MHL (which stands for Maximizing Holder Liquidity) is another focus for the project. Frank plans to provide y00ts holders with access to "top tier tools and individuals in web3 who will educate and enable them to make a bag in the space."
• To help solve for the low liquidity in the Polygon NFT ecosystem, Frank mentions that "several team are working on solutions" that will soon enable y00ts to be purchased with mainnet ETH.

🔜 What's Next?

The above items are all expected to happen in Q2, and Frank expects June in particular to be a big month for the team.

🎤Founder Feedback

"We gonna be the #1 and #2 projects in the f*cking world" - Frank

🕳️ Go Deeper

• Non-Custodial Staking is Live for DeGods and y00ts

Non-custodial staking is live for DeGods on ETH as well as for y00ts on Polygon, per announcements from both @DeGodsNFT and @y00tsNFT.

The Details

• NFTs stay in holders' wallets but are frozen by the staking contract.
• NFTs can’t be transferred/traded until unstaked (unfrozen).
• Token-gated apps work (e.g. Twitter hexagon pfps).
• On-chain holder data will be more accurate.
• Non-custodial staking is optional but suggested.
• The respective staking sites are degods.com/staking and y00ts.com/staking.

❗ Why It Matters

There is no meaningful change to "DeStake" besides the non-custodial component, which means staked DeGods and y00ts will stay in their owners' wallets while still earning points through the staking mechanism.

🎬 Take Action

• To move your DeGods to non-custodial staking, simply unstake and re-stake your NFTs. This operation will cost ETH gas.
• To move your y00ts to non-custodial staking, simply unstake and re-stake your NFTs. This operation will cost MATIC gas.

For the next week, DUST staking and unstaking fees on ETH and Polygon will be waived. Fees will resume on May 4th.

🔜 What’s Next?

Q2

— Frank (@frankdegods) April 26, 2023

🕳️ Go Deeper

• First 5,000 DeGods Bridged to Ethereum (April 1, 2023)
• Over 5,000 y00ts Bridged to Polygon Following Migration Launch (March 28, 2023)
• DeGods Announce 'DeStake', Name Change (November 28, 2022)
• y00ts Staking Goes Live (November 28, 2022)

The DeNYC Treasure Hunt will go live tomorrow at 9 a.m. ET for 48 hours, and there are over $100k in prizes, per an announcement from @DeGodsNFT.

The Deets

• The DeNYC Treasure Hunt is a multi-day scavenger hunt across NYC that is open to the public and powered by @0xPolygonLabs.
• Hundreds of 2 or 3-person teams will compete and the sign-up link is here: nyc.degods.com/treasure-hunt.
• The DeNYC Treasure Hunt Challenges will go live tomorrow at 9 a.m. EST.
• Over $100k in prizes will be given out, including DeGods, y00ts, Apple devices, and more. Every prize comes in threes, so each team member will walk home with something. Notably, a DeGod will be awarded to each member of the winning team.
• Each challenge requires a picture or video proof to be tweeted in order to earn points. Using the Twitter account provided during sign-up, post your challenge proof and tag @DeNYC2023. Pick up an official bandana at one of the check-in events and make sure the official bandana can be seen, like in this example.

❗ Why It Matters

After DeGods bridged to Ethereum at the beginning of the month, Frank teased "going dark" until NYC. In that same tweet, an outline of an airdrop 🪂 symbol in the bottom right also sent the DeCommunity into a frenzy. This public event is a big part of DeNYC, bookended by smaller, holder-only events.

What further announcements might be in store is unclear. But we'll surely hear from Frank again (many, many times today).

🎬 Take Action

• If you're in the area and interested, assemble a team and sign up using this link: nyc.degods.com/treasure-hunt.
• Challenges will be sent via email to all registered teams. You have 48 hours to complete as many challenges as you can, and the team will update the leaderboard on their site frequently.
• Each team will need to check in to claim their DeNYC Treasure Hunt Bandana. All challenge submissions must show the DeNYC Treasure Hunt Bandana within the picture or video to earn points.

🎤 Founder Feedback

lmao @gmoneyNFT airdropping condoms to DeGods/y00ts 😭

definitely gonna neeeeeeeed thisssss 😤 https://t.co/LWbtxXSYrB

— Frank III (@frankdegods) April 12, 2023

🕳️ Go Deeper

• Morning Minute | DeGods Go to DeBig Leagues (March 31, 2023)
• First 5,000 DeGods Bridged to Ethereum (April 1, 2023)

DeGods officially made the transition to Ethereum last night, beginning with an announcement at 9:30 PM ET. As of Saturday morning, over 5,000 DeGods had already made the journey from Solana to Ethereum.

❗ Why It Matters

Long considered the premier Solana NFT project, DeGods are leaving their home in a move that follows y00ts migration to Polygon earlier this week. There has been a lot of debate over where the DeGods collection will rank among Ethereum NFTs post-bridge, with popular opinion settling somewhere around the Azuki tier. DeGods has not disappointed in their first few hours on Ethereum. 

🔎The Details

• Dust Labs is covering all gas fees related to the migration through 9:30 PM ET tonight.
• On April 3, a "Paper Hands Bridge Tax" will go into effect on the original Solana collection. Those who do not bridge to Ethereum will face a royalty fee of 33.3% should they choose to sell their DeGod NFT on Solana. DeGods on Ethereum will have a royalty fee of only 0.33%.
• One lucky DeGods holder who migrates their NFT within the first 24 hours will win a BTC DeGod.
• The first DeGod sold on Ethereum went for 11.1 ETH.

🔢 By The Numbers

The project's floor price on Ethereum currently sits at 10.4 ETH (or $19,000 USD), trailing Azuki by around 3.5 ETH. The floor price on Solana on Magic Eden sits around the same range, at 939 SOL, or $18,780.

⚡ Take Action

• DeGods holders can migrate from Solana to Ethereum here: https://degods.com/migration 
• Keep an eye out for project founder Frank to join Blur founder Pacman on a Twitter Spaces today.

🎤 Community Feedback

🧠 Learn More

• DeGods Migration Starts Tomorrow
• Over 5,000 y00ts Bridged to Polygon Following Migration Launch