The founder of DeGods (known under the nickname Frank), one of the most popular and stylish NFT collection on Solana, announced in his X about the launch of his own token $degod. Thus, DeGods is going to create its own tokenomics.
The details of this project are not announced yet, it is only known that NFTs from the mother collection can be converted into 550k new tokens, and there will be no airdrops.
SOL Princess, a super-popular NFT-influencer with Solana (almost 100k subscribers), wrote at the launch of the project that she had placed an order to purchase this token “from the open market” as soon as the marketcap of this coin drops below $90 million.
That order has probably already been triggered, as the marketcap has now reached a value of around $65 million. Funder Frank also praised her for “bringing together (via the new token) all the disparate liquidity from dust, y00ts, degods, and bringing it all back to Solana again.”
What is probably meant here is that DeGods and these related NFT collections have tried to migrate (spread) on other, non-native blockchains in their time. In particular, we wrote earlier about the questionable attempt to move DeGods to Ethereum.