y00ts Hypes Up the NFT Ecosystem

The most hyped NFT collection of the year?

Y00ts NFTs have revitalized Non-Fungible Token (NFT) ecosystem in the bear market after gaining massive community hype before the coin date. The same team behind DeGod’s NFT collection brought y00t’s NFT collection to Solana.

“We never try to start with a solution, we start with a problem, like what are the problems our society has,” franked goodsfounder of DeGods and y00ts NFT collection, split into a recent AMA. “We never start with a conversation about how to be innovative, like make waves or go viral or whatever. We’re always pretty grounded.”

This y00ts collection will contain 15,000 NFTs. You 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 have a DeGods NFT can generate $DUST by staking the NFT. However, non-holders can purchase it from secondary markets such as Jupiter Aggregator. Recently, the project revealed t00bs, a secondary collection of NFTs that adds value to all y00ts.

But what does t00bs have to do with y00ts?

t00bs are tickets that allow the accepted scholarship applicant to issue y00ts NFTs on September 4th. Those who do not stamp t00bs will not be able to get a y00t NFT.

Furthermore, DeGods holders can also claim a t00b NFT. Before September 9th, those who claim their t00b NFTs will be able to purchase 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 the token emission ends.

What makes the y00ts collection unique?

y00ts’ white paper outlines that NFT functions as copyright. But instead of having a central entity that controls the project and its intellectual property rights (IP), the NFT collection will act as the “governing body.” Thus, it will act as a “registry” that keeps track of individuals or groups authorized to use NFT’s IP rather than keeping Creative Commons (CC0) licenses.

Furthermore, y00ts NFT holders who stake their NFTs for 30 days will receive a “ⓨ token” which 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 properties from the y00ts store.

However, y00ts NFT can only have properties that it already has. For example, you can trade a black Nike shoe trait for a custom gold shoe trait, but you cannot trade a shoe trait for a custom hoodie.

A holder can always reset their y00t to their base properties if they wish. Additionally, before using a new custom trait, the holder must stake their y00ts NFT for an additional 30 days.

How can you get a y00ts NFT?

Now, here is the most important question. Users must apply for a scholarship to qualify for the upcoming y00ts mint. However, it is too late to apply at this time.

Getting on the y00t list was similar to pre-sale, but you had to apply. It was much like a job application, either approved or rejected at the team’s discretion.

Users had to answer a few questions after connecting to the wallet and verifying their Twitter profiles to get on the list. These questions were usually related to the category you selected, such as “Artist”, “Brand Builder”, etc.

Several applicants applied on y00tlist, but many were rejected. However, those who made the list were happy to be involved in y00t’s ecosystem.

For those on the y00t list, there will be a 19-hour window to mint NFTs starting on September 4 at 21:00 UTC.

There is still some chance for rejected applicants as the team also saved 100y00ts for the rejections. But in that case, you must purchase tickets to enter the raffle for $1 DUST each. The winners will receive their y00t NFT via airdrop.

y00t’s NFT collection will also be available on the secondary market as Magic Eden after September 9th, when the mint ends. You can check out the full overview of the coin below:

Despite all the hype, some people are skeptical about the collection because they believe that the cost of NFT is high.

If 250 SOL is all you have, think twice. Putting all the eggs in one basket is not bueno, look at luna; don’t get me wrong im not fudding degods. But think twice. You also missed the Big X pump, so the Risk/reward is no longer there. Look for bigger upside. GL.

— Chanzy (Monkey Pistachio) (@Cryptochanzy) 27 June 2022

However, the founder hopes the collection will provide the desired benefits:

Learn more about yoots NFT:

Website | Twitter | White paper