NFT Twitter has been buzzing with a lot of activities as a result of the upcoming y00ts NFT project from the stables of DeGods, Dust Labs.
DeGods is one of the leading ecosystems of developers, creators, artists, strategies, and more- in a thriving metaverse built on Solana (SOL). DeGods has a digital art collection of 10000 NFT, which was minted in October 2021.
DeGods has gained immense traction since its official mint, which is why no one was surprised when the announcement from y00ts official Twitter page quickly saw their account following going from double digits to the thousands in a matter of weeks. For the y00ts team, the intention is to create the most incredible collection of profile pictures of all time. The million-dollar question on the lips of NFT enthusiasts on social media is, “Are you Y00tlisted?”
What are Y00Ts?
y00ts was originally named Duppies and was intended to be what would become the “blueprint for every Web3 brand of the future…a new meta for NFTs.”
It was announced that the delayed minting would begin in July or August, but after a hack infiltrated their Twitter account, the team had to change plans. At the end of July, Duppies was officially rebranded to y00ts.
The whitelisting process requires interested non-holders to apply for scholarships- as it is the only way they can get on the y00tlist. The application list has been made public to show their intention for equal and fair advantage. However, a recent tweet indicates that the application window has closed, and no new submissions will be accepted.
How Much Will a y00t NFT Cost?
The y00t project will feature 15,000 NFTs in the collection, and minting requires holding the DeGods native token, DUST.
The price for each Y00t minted is 375 DUST. 1 $DUST equals $3.43 at the time of this article. This implies that 375 $DUST is $1286.25.
This is probably the highest mint price the NFT space has seen recently.
The easiest way to get DUST is by staking a DeGods NFT. However, the token can be bought on Binance or Famous Foxes token market. It is worth noting that purchasing DUST doesn’t guarantee you a spot on y00tlist, but it is sure worth the try.
What Makes y00topia Special?
The y00ts NFT community, y00topia, has branded itself as more than just an NFT collection but also a common-sense version of copyright and intellectual ownership ⓨ.
According to the whitepaper published on their website, ⓨ it can be best explained
The limitations for NFTs give only IP rights to individual NFTs, with ownership granted to public domains. For y00topia, “each collection would have its ⓨ registry, where it’s easy to track who’s approved to be using the NFT’s IP…this allows projects to approve & reject usage requests at Web3 speed.”
This is a testing phase, as the team intends to see how best they can make the licensing implementation work for the benefit of NFT collectors and projects.
The y00ts Store
Plans for license implementation will begin with the y00ts store. The store serves as a marketplace for custom y00ts traits, and custom NFT traits must first be submitted for approval.
They can also be denied if attempted derivatives try to list on the marketplace. More details can be found in the provided ⓨ paper.
With NFT conversations centered around DeGods new project, there is a lot of expectation attached to its launch and future performance. y00ts intends to begin mint next month, and those who already have a spot are eager to join the process.
Whether the remaining 1,000 + spots will be opened for a few lucky users or not is yet to be seen.