DeGods, a popular profile-picture (PFP) project, has seen a 197% increase in trading volume in the past 24 hours, with traders collectively purchasing 158 DeGods. This surge in trading volume has taken the project to the top spot on the NFT platform’s leaderboard of collections. Despite the bear market, a $13,600 NFT is still a hefty spend.
DeGods recently revealed its plans for its “Season III” of the collection, which will add 20,000 new artworks to the collection. The project will be adding female PFPs to the project that are swappable for male PFPs, and removing traits from NFTs that holders “don’t like” and adding new ones to replace them. “We took into account rarity, provenance, and innovation to make sure that each new trait would be a moment of delight that would fit into their entire design system,” DeGods said in a tweet.
DeGods specified that this approach means there will be “no dilution” for the collection. Instead of adding new tokens, each individual DeGod NFT will now have four pieces of generative art associated with it. It will cost 333 DUST for a holder to update their token, with 100% of the DUST going towards its “Points Parlor” prize pool for DeGods Season III holders to play games and earn prizes. If holders can’t afford to spend the nearly $750 to update their token, the price to do so will gradually decrease over time.
DeGods started as a Solana-based NFT project, but following the collapse of FTX and its harsh impact on the network’s token, the project migrated to leading NFT network Ethereum. It also moved its Solana-based sister collection, Y00ts, to sidechain Polygon, accepting a $3 million grant from Polygon Labs to do so. However, last night, Y00ts suddenly announced it would migrate to Ethereum in an effort to unite the collection with DeGods, returning the grant.