Blue Chip NFTs 101 – With Mint Impending, Is y00ts A Blue Chip Lock?

NFT

Our Blue Chip NFTs 101 sequence is now approaching six months within the making, and we’ve taken wholesome deep dives into among the greatest NFT initiatives out there; whereas everybody has heard of Bored Apes and CryptoPunks, we’ve taken the time to supply hefty due diligence round different main blue chip initiatives like World of Girls, Artwork Blocks, DeGods, Moonbirds, and extra.

We’re again within the combine and trying to preserve you forward of the curb as an upcoming mint for NFT undertaking ‘y00ts’ has generated a lot traction and discuss, we suspect it may simply be a blue chip within the making. It’s invite-only whitelist to date, which brings all the professionals and cons of exclusivity, and most notably the hype and anticipation that restricted entry can carry. Let’s take a deep dive into y00ts and what we’ve seen to date.

From DeGods To y00ts: Is Blue Chip Standing Actually That Straightforward?

It’s been over three months since we revealed our Blue Chip NFTs 101 piece on DeGods, the standout Solana undertaking that actually took Solana-based NFTs excessive and helped surge the blockchain into the agency #2 place within the NFT market, second to solely Ethereum. On the time, DeGods had been commanding a ground value at roughly 200 SOL (roughly $15K with SOL costs on the time). Regardless of an ongoing bear marketplace for NFTs, right this moment the DeGods assortment stands at practically a 600 SOL ground, which at right this moment’s SOL costs, equals virtually $20K. Step apart, bear market, as a result of DeGods have been enduring the storm.

Why do DeGods match into the equation on this dialogue? The workforce behind DeGods is basically that behind y00ts, with each initiatives spearheaded by more and more in style NFT determine, Frank. We’ve taken the time to overview DeGods at size, so let’s shift again to y00ts; is Frank merely a neighborhood mastermind who understands the key sauce of NFT initiatives, or is DeGods the exception to the rule, with y00ts using the hype prepare? Solely time will inform, however within the meantime we will take an goal have a look at what has gotten a lot pleasure behind y00ts to hold it to the place it’s right this moment. This yr, DeGods have definitely exceeded many expectations, securing a agency place as the highest Solana NFT undertaking with few opponents even coming shut.

Solana (SOL) has been exhibiting actual potential at being a prime NFT blockchain; can y00ts assist safe the blockchain’s #2 spot, and even look to have Solana contest Ethereum within the NFT realm? | Supply: SOL-USD on TradingView.com

Present Strikes As Mint Approaches

What’s the catch round all the present hype? Few NFT initiatives have had this a lot hype pre-mint, and you may argue that this would be the first NFT undertaking on the Solana blockchain to carry this a lot hype earlier than mint. Whereas the undertaking is slated to go to mint on the finish of this week (September 2, to be precise), the hype has been fueled by a whitelist software course of over latest weeks. The window closed final weekend, however y00ts have been saying main whitelist spots to recognizable expertise and influencers – which is at all times certain to be a controversial technique as normies really feel left for the mud with public mint. To this point, nevertheless, it appears to have paid off for the undertaking, who’ve additionally accepted handfuls of purposes from non-recognizable names – even in crypto.

In the meantime, the undertaking’s imaginative and prescient outlined within the whitepaper is to problem conventional strains of considering round NFT mental property. The undertaking seems to combine streamlined IP utilization instruments which might be owner-first, and construct out a storefront that enables customers to customized their NFT belongings at their discretion; in brief, it’s a roadmap for what the undertaking calls “y00topia.”

In the meantime, y00ts have filed a registered trademark earlier this month which might present added perspective, too. The submitting spans a wide range of use instances, together with broad software program items, NFT-related retail and advertising efforts, digital asset and NFT market lessons, leisure and schooling and extra. Whereas initiatives and companies sometimes overindex (fairly than the choice) on the subject of trademark purposes, the transfer additionally alerts y00ts need to go massive.

Keep tuned to see if y00ts can take over DeGods for the highest spot on Solana.

Featured picture from twitter.com/y00tsNFT, Charts from TradingView.com The author of this content material just isn’t related or affiliated with any of the events talked about on this article. This isn’t monetary recommendation. The next op-ed represents the views of the creator, and will not essentially mirror the views of Bitcoinist. Bitcoinist is an advocate of artistic and monetary freedom alike. *The author of this content material doesn’t personal any of the NFTs talked about on this article. This content material is produced solely for instructional and informational functions.