After massive community hype before the mint date, the y00ts NFTs have revitalized the Non-Fungible Token (NFT) ecosystem in the bear market.
The same team that created the DeGods NFT collection also created the y00ts NFT collection for Solana.
The Year’s Most Anticipated NFT Collection?
“We never try to start with a solution; we start with a problem, like what are the problems in our community,” frankdegods, founder of DeGods and y00ts NFT collection, explained in a recent AMA. “We never begin with discussing how we can be innovative, such as making waves, going viral, or whatever. We’re always relatively grounded.“
There will be 15,000 NFTs in this y00ts collection. In order to create a y00ts NFT, you will need $DUST, the DeGods ecosystem’s native token. A y00ts NFT will cost 375 $DUST tokens (currently $1,149). Those who own a DeGods NFT can earn $DUST by staking it.
Non-holders, on the other hand, can purchase it from secondary markets such as Jupiter Aggregator. The project recently unveiled t00bs, a secondary collection of NFTs that adds value to all y00ts.
But what do t00bs and y00ts have in common?
T00bs are tickets that allow the scholarship recipient to issue y00ts NFTs on September 4. Those who fail to mint their t00bs will be unable to obtain a y00t NFT. Furthermore, DeGods holders are eligible for a t00b NFT. Those who claim their t00b NFTs before September 9 can purchase y00ts for 375 $DUST. Following that, the price of each NFT will rise to 500 $DUST and will continue to grow by 0.8325 $DUST per day until token issuance is completed.
y00ts NFT, on the other hand, can only have traits it already possesses. You can, for example, swap a black Nike shoe trait for a customized golden shoe trait, but not a shoe trait for a personalized hoodie. If a holder desires, they can always revert their y00t to its base traits. Furthermore, the holder must stake his y00ts NFT for another 30 days before applying a new customized trait.
How Do You Obtain a y00ts NFT?
The most important question is now. Users must apply for a scholarship to be eligible for the upcoming y00ts mint. However, it is too late to apply at this time. Getting on the y00tlist was similar to pre-ordering, but you had to apply.
It was similar to a job application in that it was approved or denied at the team’s discretion. Users had to answer a few questions after connecting their wallets and verifying their Twitter profiles to get on the list. These questions were usually about the category you selected, such as “Artist,” “Brand Builder,” and so on.
Many applicants applied for the y00tlist, but many were turned down. On the other hand, those who made a list were ecstatic to be a part of the y00ts ecosystem.
The mint date was postponed for 1 day
Rejected applicants still have a chance because the team set aside 100 y00ts for them. However, in that case, you must purchase raffle tickets for 1 $DUST each. The NFTs will be delivered to the winners via airdrop. After the mint ends on September 9, the y00ts NFT collection, like Magic Eden, will be available on the secondary market.