Blue Chip NFTs 101 – With Mint Impending, Is y00ts A Blue Chip Lock?
30 August 2022 - 1:31AM
NEWSBTC
Our Blue Chip NFTs 101 series is now approaching six months in the
making, and we’ve taken healthy deep dives into some of the biggest
NFT projects in the market; while everyone has heard of Bored Apes
and CryptoPunks, we’ve taken the time to provide hefty due
diligence around other major blue chip projects like World of
Women, Art Blocks, DeGods, Moonbirds, and more. We’re back in the
mix and looking to keep you ahead of the curb as an upcoming mint
for NFT project ‘y00ts’ has generated so much traction and talk, we
suspect it could easily be a blue chip in the making. It’s
invite-only whitelist thus far, which brings all the pros and cons
of exclusivity, and most notably the hype and anticipation that
limited access can bring. Let’s take a deep dive into y00ts and
what we’ve seen thus far. From DeGods To y00ts: Is Blue Chip Status
Really That Easy? It’s been over three months since we published
our Blue Chip NFTs 101 piece on DeGods, the standout Solana project
that really took Solana-based NFTs over the top and helped surge
the blockchain into the firm #2 position in the NFT marketplace,
second to only Ethereum. At the time, DeGods were commanding a
floor price at roughly 200 SOL (roughly $15K with SOL prices at the
time). Despite an ongoing bear market for NFTs, today the DeGods
collection stands at nearly a 600 SOL floor, which at today’s SOL
prices, equals almost $20K. Step aside, bear market, because DeGods
have been enduring the storm. Why do DeGods fit into the equation
in this discussion? The team behind DeGods is largely that behind
y00ts, with both projects spearheaded by increasingly popular NFT
figure, Frank. We’ve taken the time to review DeGods at length, so
let’s shift back to y00ts; is Frank simply a community mastermind
who understands the secret sauce of NFT projects, or is DeGods the
exception to the rule, with y00ts riding the hype train? Only time
will tell, but in the meantime we can take an objective look at
what has gotten so much excitement behind y00ts to carry it to
where it is today. This year, DeGods have certainly exceeded many
expectations, securing a firm position as the top Solana NFT
project with few competitors even coming close. Solana (SOL) has
been showing real potential at being a top NFT blockchain; can
y00ts help secure the blockchain's #2 spot, and even look to have
Solana contest Ethereum in the NFT realm? | Source: SOL-USD on
TradingView.com Related Reading: Ethereum Might Crash After The
Current Supply Zone, Analysts Predict Current Moves As Mint
Approaches What’s the catch around all of the current hype? Few NFT
projects have had this much hype pre-mint, and you could argue that
this will be the first NFT project on the Solana blockchain to
bring this much hype before mint. While the project is slated to
head to mint at the end of this week (September 2, to be exact),
the hype has been fueled by a whitelist application process over
recent weeks. The window closed last weekend, but y00ts have been
announcing major whitelist spots to recognizable talent and
influencers – which is always bound to be a controversial strategy
as normies feel left for the dust with public mint. Thus far,
however, it seems to have paid off for the project, who have also
accepted handfuls of applications from non-recognizable names –
even in crypto. Meanwhile, the project’s vision outlined in the
whitepaper is to challenge traditional lines of thinking around NFT
intellectual property. The project looks to integrate streamlined
IP utilization tools that are owner-first, and build out a
storefront that allows users to custom their NFT assets at their
discretion; in short, it’s a roadmap for what the project calls
“y00topia.” Meanwhile, y00ts have filed a registered trademark
earlier this month which can provide added perspective, too. The
filing spans a variety of use cases, including broad software
goods, NFT-related retail and marketing efforts, digital asset and
NFT marketplace classes, entertainment and education and more.
While projects and firms typically overindex (rather than the
alternative) when it comes to trademark applications, the move also
signals y00ts desire to go big. Stay tuned to see if y00ts can take
over DeGods for the top spot on Solana. Related Reading: Holders
Accumulate, Blockchain Activity Decreases In Both Bitcoin And
Ethereum Featured image from twitter.com/y00tsNFT, 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 following op-ed represents the views
of the author, and may not necessarily reflect the views of
Bitcoinist. Bitcoinist is an advocate of creative and financial
freedom alike. *The writer of this content does not own any of the
NFTs mentioned in this article. This content is produced solely for
educational and informational purposes.
Solana (COIN:SOLUSD)
Historical Stock Chart
Von Mär 2024 bis Apr 2024
Solana (COIN:SOLUSD)
Historical Stock Chart
Von Apr 2023 bis Apr 2024