y00ts is a collection of 15,000 NFTs, which will initially be available to DeGods holders and those who made the y00tlist.
The y00ts NFTs have revitalized the Non-Fungible Token (NFT) ecosystem in the bear market after garnering massive community hype before the mint date. The same team behind the DeGods NFT collection brought y00ts NFT collection to Solana.
Fam' I needed to take two days off.
After the announcement of my acceptance to the @y00tsNFT scholarship, I wanted to enjoy it a little ❤️
Tomorrow we'll resume the tweets, the analysis of the #NFT market on #solana, and we'll mint this beautiful #t00b
GN 😘 pic.twitter.com/IfCoHW9I6h
This y00ts collection will contain 15,000 NFTs. You will need $DUST, the native token of the DeGods ecosystem, to mint a y00ts NFT. It will take 375 $DUST tokens (currently $1,149) to mint a y00ts NFT.
Those who hold a DeGods NFT can generate $DUST by staking the NFT. However, non-holders can buy it from secondary markets like Jupiter Aggregator. Recently, the project revealed t00bs, a secondary collection of NFTs that adds value to all y00ts.
But what’s t00bs got to do with y00ts?
t00bs are tickets that allow the accepted scholarship applicant to issue y00ts NFTs on Sept. 4. Those who do not mint their t00bs will not be able to get a y00t NFT.
Furthermore, DeGods holders can claim a t00b NFT as well. Before Sept. 9, those who claim their t00b NFTs will be able to buy y00ts for 375 $DUST. After that, the price of each NFT will increase to 500 $DUST and will continue to rise by 0.8325 $DUST per day until token emission ends.
y00ts' white paper outlines that the NFT acts as copyright. But rather than having a central entity control the project and its intellectual property rights (IP), the NFT collection will function as the "governing body.” Thus, it will function as a "registry" that keeps track of individuals or groups authorized to use the NFT's IP rather than holding Creative Commons (CC0) licenses.
Further, y00ts NFT holders who stake their NFTs for 30 days will receive a "ⓨ token" that will be applied to their metadata. Each y00ts NFT can earn up to six tokens. With these tokens, holders can customize their y00ts NFTs with traits from the y00ts store.
y00ts NFT, however, can only have traits that it already has. For example, you can swap a black Nike shoe trait for a customized golden shoe trait, but you can't swap a shoe trait for a customized hoodie.
A holder can always revert their y00t to its base traits if they wish. Additionally, prior to applying a new customized trait, the holder must stake his y00ts NFT for another 30 days.
Now, here’s the most important question. Users must apply for a scholarship to qualify for the upcoming y00ts mint. It is, however, too late to apply at this time.
My last-minute attempt at getting accepted to the @y00tlist. Here's a @y00tsNFT recreated in clay.
I hope you enjoy it and maybe even @frunkdegods will see it!#clay #y00ts #y00TsNFT #t00b #y00tslist #timelapse pic.twitter.com/nOIinn6E6l
Getting on the y00tlist was similar to getting on a presale, but you needed to apply. It was much like a job application, either 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 related to the category you chose, such as "Artist," "Brand Builder," etc.
Several applicants applied for the y00tlist, but many were rejected. However, those who got on the list were excited to get involved in the y00ts ecosystem.
Woke up to this! LFG 🔥🙏
Ty to @frankdegods & @DeGodsNFT
This team is making some magic frfr. @y00tlist #y00ts pic.twitter.com/fTgSG9lWm1
LFG! I'm stoked to get y00ted!
(ngl I'm also feeling like the last kid picked in gym glass 🤓) pic.twitter.com/Y4dGmLNolp
For those on the y00tlist, there will be a 19-hour window to mint the NFT starting Sept. 4 at 21:00 UTC.
There is still some chance for rejected applicants as the team also saved 100 y00ts for the rejects. But in that case, you must buy tickets to participate in the raffle for 1 $DUST each. Winners will receive their y00t NFT via airdrop.
y00ts NFT collection will also be available on the secondary market like Magic Eden after Sept. 9, when the mint ends. You can check out the complete breakdown of the mint below:
Despite all the hype, some people are skeptical about the collection because they believe that the cost of the NFT is high.
If 250 SOL is all you have, think twice about It. Putting all eggs into the same basket is not bueno, look at luna; dont get me wrong, im not fudding degods. But think twice. You also missed the Big X pump, so Risk/reward is not there anymore. Look for bigger upside plays. GL.
The founder, however, hopes the collection will bring the desired benefits:
ngl every ATH, imma keep pulling these out from the archives https://t.co/qs93OoIGDB
Learn more about yoots NFT:
Website | Twitter | Whitepaper
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