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Will DeGods floor price reach 50 SOL by Dec 31, 2024?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Publicly available data on NFT marketplaces like Magic Eden or OpenSea
Story
DeGods Converts NFTs to Memecoins with $DEGOD, Floor Price Hits 33.3 SOL
Sep 15, 2024, 07:08 PM
DeGods, a prominent NFT project on the Solana blockchain, has announced a significant shift by converting its NFT collections into a memecoin called $DEGOD. This move has sparked widespread discussion within the crypto community, with opinions varying on its potential impact. The new 404 token standard allows NFT holders to burn their NFTs in exchange for $DEGOD tokens, aiming to provide liquidity and maintain value. The DeGods team, led by Frank, has prepared the community for this transition, emphasizing that the entire DeGods community is now fully aligned around a single asset for the first time since January 2022. The floor price hit 33.3 SOL following the announcement. Additionally, users can swap NFTs for tokens through a Floor Pool mechanism. For instance, 450 SOL can be converted into 120,000 $DEGOD. This initiative is seen as a bold experiment in the evolving landscape of Web3 and memecoins.
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