A Complete Guide to DeGods in 2024

nft communities are known for being dedicated, committed, and passionate, and one community embodies those traits above all others: DeGods.

Since Solana was created in 2021, thanks to its transparent leadership, culture-focused direction, and community-first mantra, it has quickly become one of the most well-known and beloved nft collections among blockchain enthusiasts, but how did it get where? is it today?

Here's our complete DeGods guide for 2024.

What is DeGods?

DeGods is a collection of 10,000 unique avatar nfts, originally minted on Solana in October 2021. Each DeGod has a combination of traits; from backgrounds and hairstyles to clothing, glasses and other accessories.

The collection quickly gained popularity thanks to its unique utility. Holders were able to mine the $DUST token, with future initiatives including access to the DYOR nft tracking app, exclusive merchandise, and more.

DeGods is a product of DeLabs, a company with three main figures; x.com/frankdegods” target=”_blank” rel=”noopener”>Frank DeGods (Ask Vora), x.com/kevindegods” target=”_blank” rel=”noopener”>Kevin DeGods (Kevin Henrikson), and x.com/finnbags” target=”_blank” rel=”noopener”>Find DeGods – who announced his departure in August 2023. DeLabs also created the y00ts nft collection in November 2022 and continues to manage both collections to this day.

As of today, DeGods exists on all three major nft blockchains: Solana, ethereum, and bitcoin, and holders continue to benefit from a growing list of features and utilities, including conversions to DeadGods nft (using $DUST), access to DeDAO and… more recently: interactions with the $DEGOD token.

The story of DeGods

DeGods were minted on October 8, 2021 and were priced at 3 SOL. A combination of demand and technical issues caused the 10,000 nfts to sell out in 7 seconds.

To mitigate an anticipated drop in floor prices, DeGods instituted the “Paper Hands Bitch Tax,” a 33.3% tax on anyone who priced their DeGods below the floor price. All funds raised from this tax were used to buy and burn DeGods nfts, reducing the overall supply.

When the paper hand bitch tax was stopped on January 1, 2022, the total supply had dropped to 9,465, but that was just the beginning of the innovative moves made by the collection.

In January 2022, DeGods introduced the $DUST token and with it, the DeadGods. Holders could stake their DeGods to earn $DUST, which could then be used to upgrade their DeGods to DeadGods at a cost of 1,000 $DUST. This interest revitalized and addressed aesthetic issues with DeGods.

In April 2022, DeDAO decided to purchase the Big3 basketball team. x.com/Killer3sBig3″ target=”_blank” rel=”noopener”>Killer 3 for $625,000 USD, giving DeGods its first major exposure and giving holders options to benefit from the team's intellectual property and licensing rights, as well as opportunities to purchase ownership stakes in the form of nfts.

In December 2022, DeGods announced plans to move from Solana to ethereum, which were completed in March 2023, but not before the 535 previously burned DeGods returned as bitcoin Ordinals in February 2023.

The chain jumps wouldn't stop there, as in May 2024, DeGods made the shocking decision to migrate both DeGods and the y00ts (who had spent the last year at Polygon) back to Solana, with a bridge now supports the existence of DeGods on Solana, bitcoin and ethereum.

In September 2024, DeGods launched the $DEGOD token, but as with everything DeGods, they took a unique approach. Holders can:

Exchange a DeGod nft for 550,000 $DEGOD tokens
Burn a year-old nft for 120,000 $DEGOD tokens (regardless of rarity), or
Burn 1 $DUST token to get 36 $DEGOD tokens

Reactions were mixed, with many concerned about the impact tying DeGods directly to a token could have on price floors. In the short term, DeGods have decreased from 2.00 eth on September 16 to 0.94 eth at the time of writing, but the long-term effects are not yet known.

What awaits DeGods?

The DeGods always move forward with confidence (in fact, the team has stated that “DeGod” means “do everything right or die”) and with that mantra at the heart of what they do, we're sure they'll continue to make waves.

Although $DEGOD's debut has been mixed, we're sure the DeGods team has a deeper utility in mind for the token, although when that will be revealed is anyone's guess.

They haven't been afraid to push boundaries, challenge convention or follow the well-trodden path, and it's that level of confidence that has earned them so many fans so far.

Dust Labs, a blockchain technology side project of DeGods, has begun developing software solutions for other nft projects, building on its experience in chain hopping, and this could lead to more innovations for DeGods in the future.

DeDAO will play an important role in what will become DeGods. The passion of its members is felt everywhere, from x to Discord and beyond, ensuring that the interests of the DeGods team and its holders are always aligned.

With DeGods, expect the unexpected.

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