The Rise of DeGods

    DeGods have risen to become one of the most valuable NFT collections on Solana with an extremely devoted community. Create visualizations showing sales volume and unique wallet purchases since January 1st on Magic Eden. Using the NFT metadata, are there certain traits that have become more popular over time in anticipation of DeadGods? $DUST is the token created by DeGods for NFT auctions and will be a necessity for modifying the DeGod art to a DeadGod. Who is swapping for $DUST on Jupiter? Is it correlated with the wallets that have purchased the most DeGods? What do you think will happen to the price of the DeGods collection and $DUST when DeadGods launches on March 31st?

    What is DeGods?

    DeGods is a Solana NFT project that's second generation differs from other NFT projects it's a few ways:

    • The second generations of NFTs are non-dillutie because the first generation NFTs can be converted into the second generation using DUST.

    • The second generation of NFTs are a 1:1 fine-art versions of the original DeGods with every single one of the original 153 attributes.

    • The NFTS yield DUST tokens that can be spent to upgrade them.

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    What is the DUST Token?

    DUST is a utility token that will be used across the entire Ether Cards ecosystem. One of the initial use-cases for DUST is the ability to exchange set amounts of the token for NFTs.

    Methodology

    (1). In this analysis we are looking at DUST token swaps and DeGods NFT Purchases.

    (2). We are looking to see how these assets have been trending.

    (3). The time period for this analysis is between March 1st and March 22nd of 2022.

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    Observations

    • The Number of DUST token swaps was slowly increasing from March 1st to March 22nd where the number of swaps spiked.

    • Most days in March there has been less than 200,000 SOL swap volumes with DUST. On both March 19th and March 22nd The volume spiked 10X more than most days.

    DeGods Asset Analysis

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    Observations

    • The number of DeGods NTFs sales have been between 50 and 100 sales per day.

    • The DeGods sales volume has been on an uptrend since mid January.

    Conclusion

    • 30% of people who have purchased the DUST token have also Purchased a DeGod NFT.

    • Around March 20th there was a spike in volume of both the DUST token and DeGod NFT Volume.