NiftyNoon: Can the Season III Pivot Save DeGods?
Disappointment with DeGods Season III forces the team to pivot... but is it enough? (August 14, 2023)
Nifty Thought
It has been a tumultuous weekend for DeGods. The team has pivoted to an “art downgrade” revealed on Sunday. Although the initial plan for DeGods Season III included muted colors with optional female DeGod counterparts, the shipped version of the new art is colorful and still male-only. Frank, the DeGods founder and leader, spent much of the weekend positioning the art as a “downgrade” in an apparent attempt to set lower expectations. He boldly proclaimed the end of the era of hype NFTs and vowed to lower expectations moving forward. Furthermore, the team shared some details for the points parlor season 3 system that is designed to reward holders that pay the 333 $DUST needed. While the art downgrade will gradually get cheaper over time, holders that wait for these cheaper prices will not be able to receive the rewards for any points parlor partnerships until the “downgrade” occurs.
Ultimately, DeGods is undeniably in a precarious situation. It still has the faith of many of its core community members but has still lost the support of some of its biggest whales. More importantly, this fumble has caused many prospective buyers on the outside to develop a healthy skepticism toward the project overall. While Frank can boldly declare the end of hype in NFTs, the reality is that speculative hype is fundamentally what drives most price action in crypto overall. The tangible use for much of what is shipped in the crypto space is minimal at best. With this being said, it is clear that Frank is not truly abandoning his hype strategies, despite what he has stated online. Much of his actions over the weekend have kept DeGods top of mind for the broader NFT community. So long as he can continue to win the attention war and continue to capture mindshare, DeGods will likely persist as a project. Although this is certainly not the end of this community-centric NFT project, it is clear that the days of DeGods’s positioning as the clear number two behind Yuga Labs are over… for now.
Highlighted News
DeGods share “Downgrade” reasoning and details:
DeGods share only Season III DeGods can enter Points Parlor:
https://twitter.com/degodsnft/status/1690778361784918016?s=46&t=Hb-nBT0zonE82bFfQEj7Cg
Project and Community News
Visa share experimental solution on Paying Onchain Gas Fees with a Visa Card:
https://twitter.com/digitalmustafa/status/1689741716084215809?s=46&t=Hb-nBT0zonE82bFfQEj7Cg
Frank DeGods shares thoughts on recent events, DeGods, y00ts, and more:
https://twitter.com/frankdegods/status/1690641562898984960?s=46&t=Hb-nBT0zonE82bFfQEj7Cg
Jack Butcher shares 011 - "opepeng":
https://twitter.com/jackbutcher/status/1690017602729381888?s=46&t=Hb-nBT0zonE82bFfQEj7Cg
You will be able to Downgrade your DeGods starting at 12:33PM PST on August 13th:
https://twitter.com/frankdegods/status/1690109642423373825?s=61&t=Xv_TcCk50TQXUQAolFOF6g
PROOF shares 20 of the revealed Grails IV artists and their remarkable work:
https://twitter.com/proof_xyz/status/1690105568462069760?s=46&t=Hb-nBT0zonE82bFfQEj7Cg
SEC v. Coinbase, Big Update:
https://twitter.com/metalawman/status/1690355411373772800?s=46&t=Hb-nBT0zonE82bFfQEj7Cg
Magic Eden GM shares they are planning the biggest downgrade of Magic Eden coming soon:
https://twitter.com/hausoftiffany/status/1690729299068755968?s=46&t=Hb-nBT0zonE82bFfQEj7Cg
CyberKongz introduce Yara Saavi- The Senkwekwe Elder:
https://twitter.com/cyberkongz/status/1690770254455009280?s=46&t=Hb-nBT0zonE82bFfQEj7Cg
@batzdu shares thoughts on DeGods “Downgrade”:
https://twitter.com/batzdu/status/1690853201036132353?s=46&t=Hb-nBT0zonE82bFfQEj7Cg
@AmericanaNFT is proud to acquire two 1/1s for Doodles vault:
https://twitter.com/micah_eth/status/1690347979000201216?s=46&t=Hb-nBT0zonE82bFfQEj7Cg
Gen.Art announce they are shutting down their operations:
https://twitter.com/gen_dot_art/status/1690030959855353857?s=46&t=Hb-nBT0zonE82bFfQEj7Cg
10KTF put out some Bounties on http://Battle.town:
https://twitter.com/10ktfshop/status/1689770076244004866?s=46&t=Hb-nBT0zonE82bFfQEj7Cg
Nate gone after shilling a token that rugged soon after:
https://twitter.com/titanxbt/status/1690853298931142657?s=46&t=Hb-nBT0zonE82bFfQEj7Cg
Matt O Brien now the #1 holder of New Era ETH by DeeKay Motion:
https://twitter.com/mattob_eth/status/1690170995674374144?s=46&t=Hb-nBT0zonE82bFfQEj7Cg
Autoglyph bought for 165 ETH:
https://twitter.com/mooncat2878/status/1690377724395728896?s=46&t=Hb-nBT0zonE82bFfQEj7Cg
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