Announcements from NFT marketplaces and DeGods project updates

DeGods NFT Project Transitions to Memecoins with 404 Token Standard

Sep 15, 2024, 02:32 PM

DeGods, a prominent NFT project, is transitioning its NFT collections into memecoins. This move, led by Frank DeGods, aims to integrate the 404 token standard, combining the strengths of NFTs and fungible tokens into a hybrid token model. The shift has sparked discussions within the Web3 community about the speculative nature of value in the space. While some see this as a potential way to rejuvenate interest in NFTs, others are skeptical about the impact. The DeGods team is consolidating past experiments into a unified token model, hoping to offer the right incentives for community buy-in. The success of this experiment could mark a significant shift in the NFT landscape. The token $DEGOD will be central to this transition.