On their way to Ethereum, the DeGods announce a special partnership with leading digital NFT marketplace Blur. The DeGods’ move to Ethereum comes at a time of renewal for the crypto space with prices going up and up.
The ETH DeGods: Explained
The top collection of NFT DeGods migrates to the Ethereum blockchain starting today. If users migrate within the first 24 hours, their ETH gas fees for the migration are also covered. Migration completion time varies from a few minutes to a few hours. Users can also speed up the process by setting higher gas fees in their wallets.
Additionally, those who migrate within the first 24 hours will also have a chance to earn 1 DeGod BTC. DeGods on Ethereum will have a 0.33% royalty fee in all markets. Furthermore, they are also available to buy and sell on the Blur_io and Opensea NFT marketplaces.
The migration process can be tracked on the migration website. Users are advised to use the Phantom multi-chain wallet and beware of possible Twitter insider attacks.
How is DeGods On Blur beneficial to the space?
According to cryptanalyst Sammy.ETH (@S4mmyEth), the association between Blur and De Gods has the potential to drive NFT adoption. Blur has faced some criticism for its airdrop farming behavior, which has caused a drop in liquidity from the daily deals pool. However, with DeGods on board, Blur can take advantage of his expertise to build a better decision-making tool that supports creators and holds all relevant news, research, and data in one place.
DeGods’ appeal may also bring new entrants to Blur’s superior platform, which engages its users, aligns incentives, and has a decentralized approach. This partnership may not lead to significant change overnight, but it encourages more collaboration in the NFT space, which is essential for progress.
Blur’s incentive liquidity for an illiquid asset class should be the focus, and committees will need to regulate this. Tiered rewards based on market depth would be beneficial. Overall, the association can help lift all the boats in the NFT market.
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This article is educational material.
As always, do your own research before making any type of investment.
