<\/p>\n
Finn DeGods, the pseudonymous co-founder of DeLabs<\/a>, announced his departure from the company. This announcement comes at a time when the NFT market, particularly around DeGods, is experiencing considerable volatility. This article delves into the details of Finn\u2019s departure, the timing, the recent decisions by DeLabs, and the market reactions that followed.<\/p>\nCo-Founder\u2019s Departure<\/h2>\nFinn DeGods declared his intention to step away from the company after nearly two years. He stated on Twitter that it was time for him to move on to the next chapter, while still expressing bullish sentiments on DeGods and y00ts.<\/p>\n\n\n\nAfter co-founding DeGods almost 2 years ago in a small apartment with a few friends, it\u2019s finally time for me to move on to the next chapter.<\/p>\nI\u2019m forever grateful for this community, all the memories, lessons, and the amazing friends and teammates I’ve had the privilege to work\u2026<\/p>\n\u2014 FINN (@finnydegods) August 16, 2023<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\nRohun \u201cFrank\u201d Vora, a prominent DeGods co-founder, mentioned that the timing was not ideal but clarified that Finn\u2019s departure was due to a misalignment with the company\u2019s growth. He emphasized that Finn\u2019s skill set did not scale with the project\u2019s expansion.<\/p>\nStrategic Migration and Content Drop<\/h2>\nDeLabs recently announced significant strategic decisions, including the migration of its y00ts PFP collection<\/a> from the Ethereum scaling network Polygon<\/a> to the Ethereum mainnet. This migration led to the return of a $3 million grant from Polygon Labs.<\/p>\nFurthermore, DeGods<\/a> revealed its \u201cSeason 3\u201d content drop, introducing features such as the ability for NFT holders to upgrade their PFP artwork and participate in a game that rewards staking. These announcements, however, were met with sharply downward market movement for both y00ts and DeGods.<\/p>\nPrice Fluctuations<\/h2>\nThe floor price for DeGods has seen a dramatic decline, from around 8.7 ETH to 4.3 ETH. The floor price for y00ts also fell from 1.7 ETH to 1 ETH. This collapse was partly attributed to a single wallet that held about 200 DeGods NFTs and dumped them onto the market. Additionally, entrepreneur and trader Jeffrey \u201cMachi Big Brother\u201d Huang\u2019s large-scale trades contributed to the price drop.<\/p>\nThe DeGods community\u2019s dissatisfaction with the \u201cSeason 3\u201d announcement prompted DeLabs to pivot the planned artwork into a \u201cdowngrade\u201d with simpler, brighter color schemes. Despite these adjustments, the NFT prices continued to decline.<\/p>\nConclusion<\/h2>\nIn just over a week, DeGods\u2019 floor price has fallen by 50%, reflecting the sensitivity and complexity of the NFT market. Finn\u2019s departure, although in motion well before the recent drama, adds to the turmoil around the typically vibrant NFT collection. The events surrounding DeGods offer valuable insights into the challenges faced by NFT projects and the intricate dynamics of leadership changes, strategic decisions, and market behaviors.<\/p>\n<\/div>\n
Finn DeGods declared his intention to step away from the company after nearly two years. He stated on Twitter that it was time for him to move on to the next chapter, while still expressing bullish sentiments on DeGods and y00ts.<\/p>\n\n\n\nAfter co-founding DeGods almost 2 years ago in a small apartment with a few friends, it\u2019s finally time for me to move on to the next chapter.<\/p>\nI\u2019m forever grateful for this community, all the memories, lessons, and the amazing friends and teammates I’ve had the privilege to work\u2026<\/p>\n\u2014 FINN (@finnydegods) August 16, 2023<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\nRohun \u201cFrank\u201d Vora, a prominent DeGods co-founder, mentioned that the timing was not ideal but clarified that Finn\u2019s departure was due to a misalignment with the company\u2019s growth. He emphasized that Finn\u2019s skill set did not scale with the project\u2019s expansion.<\/p>\nStrategic Migration and Content Drop<\/h2>\nDeLabs recently announced significant strategic decisions, including the migration of its y00ts PFP collection<\/a> from the Ethereum scaling network Polygon<\/a> to the Ethereum mainnet. This migration led to the return of a $3 million grant from Polygon Labs.<\/p>\nFurthermore, DeGods<\/a> revealed its \u201cSeason 3\u201d content drop, introducing features such as the ability for NFT holders to upgrade their PFP artwork and participate in a game that rewards staking. These announcements, however, were met with sharply downward market movement for both y00ts and DeGods.<\/p>\nPrice Fluctuations<\/h2>\nThe floor price for DeGods has seen a dramatic decline, from around 8.7 ETH to 4.3 ETH. The floor price for y00ts also fell from 1.7 ETH to 1 ETH. This collapse was partly attributed to a single wallet that held about 200 DeGods NFTs and dumped them onto the market. Additionally, entrepreneur and trader Jeffrey \u201cMachi Big Brother\u201d Huang\u2019s large-scale trades contributed to the price drop.<\/p>\nThe DeGods community\u2019s dissatisfaction with the \u201cSeason 3\u201d announcement prompted DeLabs to pivot the planned artwork into a \u201cdowngrade\u201d with simpler, brighter color schemes. Despite these adjustments, the NFT prices continued to decline.<\/p>\nConclusion<\/h2>\nIn just over a week, DeGods\u2019 floor price has fallen by 50%, reflecting the sensitivity and complexity of the NFT market. Finn\u2019s departure, although in motion well before the recent drama, adds to the turmoil around the typically vibrant NFT collection. The events surrounding DeGods offer valuable insights into the challenges faced by NFT projects and the intricate dynamics of leadership changes, strategic decisions, and market behaviors.<\/p>\n<\/div>\n
\nAfter co-founding DeGods almost 2 years ago in a small apartment with a few friends, it\u2019s finally time for me to move on to the next chapter.<\/p>\nI\u2019m forever grateful for this community, all the memories, lessons, and the amazing friends and teammates I’ve had the privilege to work\u2026<\/p>\n\u2014 FINN (@finnydegods) August 16, 2023<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\nRohun \u201cFrank\u201d Vora, a prominent DeGods co-founder, mentioned that the timing was not ideal but clarified that Finn\u2019s departure was due to a misalignment with the company\u2019s growth. He emphasized that Finn\u2019s skill set did not scale with the project\u2019s expansion.<\/p>\nStrategic Migration and Content Drop<\/h2>\nDeLabs recently announced significant strategic decisions, including the migration of its y00ts PFP collection<\/a> from the Ethereum scaling network Polygon<\/a> to the Ethereum mainnet. This migration led to the return of a $3 million grant from Polygon Labs.<\/p>\nFurthermore, DeGods<\/a> revealed its \u201cSeason 3\u201d content drop, introducing features such as the ability for NFT holders to upgrade their PFP artwork and participate in a game that rewards staking. These announcements, however, were met with sharply downward market movement for both y00ts and DeGods.<\/p>\nPrice Fluctuations<\/h2>\nThe floor price for DeGods has seen a dramatic decline, from around 8.7 ETH to 4.3 ETH. The floor price for y00ts also fell from 1.7 ETH to 1 ETH. This collapse was partly attributed to a single wallet that held about 200 DeGods NFTs and dumped them onto the market. Additionally, entrepreneur and trader Jeffrey \u201cMachi Big Brother\u201d Huang\u2019s large-scale trades contributed to the price drop.<\/p>\nThe DeGods community\u2019s dissatisfaction with the \u201cSeason 3\u201d announcement prompted DeLabs to pivot the planned artwork into a \u201cdowngrade\u201d with simpler, brighter color schemes. Despite these adjustments, the NFT prices continued to decline.<\/p>\nConclusion<\/h2>\nIn just over a week, DeGods\u2019 floor price has fallen by 50%, reflecting the sensitivity and complexity of the NFT market. Finn\u2019s departure, although in motion well before the recent drama, adds to the turmoil around the typically vibrant NFT collection. The events surrounding DeGods offer valuable insights into the challenges faced by NFT projects and the intricate dynamics of leadership changes, strategic decisions, and market behaviors.<\/p>\n<\/div>\n
After co-founding DeGods almost 2 years ago in a small apartment with a few friends, it\u2019s finally time for me to move on to the next chapter.<\/p>\n
I\u2019m forever grateful for this community, all the memories, lessons, and the amazing friends and teammates I’ve had the privilege to work\u2026<\/p>\n
\u2014 FINN (@finnydegods) August 16, 2023<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\nRohun \u201cFrank\u201d Vora, a prominent DeGods co-founder, mentioned that the timing was not ideal but clarified that Finn\u2019s departure was due to a misalignment with the company\u2019s growth. He emphasized that Finn\u2019s skill set did not scale with the project\u2019s expansion.<\/p>\nStrategic Migration and Content Drop<\/h2>\nDeLabs recently announced significant strategic decisions, including the migration of its y00ts PFP collection<\/a> from the Ethereum scaling network Polygon<\/a> to the Ethereum mainnet. This migration led to the return of a $3 million grant from Polygon Labs.<\/p>\nFurthermore, DeGods<\/a> revealed its \u201cSeason 3\u201d content drop, introducing features such as the ability for NFT holders to upgrade their PFP artwork and participate in a game that rewards staking. These announcements, however, were met with sharply downward market movement for both y00ts and DeGods.<\/p>\nPrice Fluctuations<\/h2>\nThe floor price for DeGods has seen a dramatic decline, from around 8.7 ETH to 4.3 ETH. The floor price for y00ts also fell from 1.7 ETH to 1 ETH. This collapse was partly attributed to a single wallet that held about 200 DeGods NFTs and dumped them onto the market. Additionally, entrepreneur and trader Jeffrey \u201cMachi Big Brother\u201d Huang\u2019s large-scale trades contributed to the price drop.<\/p>\nThe DeGods community\u2019s dissatisfaction with the \u201cSeason 3\u201d announcement prompted DeLabs to pivot the planned artwork into a \u201cdowngrade\u201d with simpler, brighter color schemes. Despite these adjustments, the NFT prices continued to decline.<\/p>\nConclusion<\/h2>\nIn just over a week, DeGods\u2019 floor price has fallen by 50%, reflecting the sensitivity and complexity of the NFT market. Finn\u2019s departure, although in motion well before the recent drama, adds to the turmoil around the typically vibrant NFT collection. The events surrounding DeGods offer valuable insights into the challenges faced by NFT projects and the intricate dynamics of leadership changes, strategic decisions, and market behaviors.<\/p>\n<\/div>\n
Rohun \u201cFrank\u201d Vora, a prominent DeGods co-founder, mentioned that the timing was not ideal but clarified that Finn\u2019s departure was due to a misalignment with the company\u2019s growth. He emphasized that Finn\u2019s skill set did not scale with the project\u2019s expansion.<\/p>\n
DeLabs recently announced significant strategic decisions, including the migration of its y00ts PFP collection<\/a> from the Ethereum scaling network Polygon<\/a> to the Ethereum mainnet. This migration led to the return of a $3 million grant from Polygon Labs.<\/p>\nFurthermore, DeGods<\/a> revealed its \u201cSeason 3\u201d content drop, introducing features such as the ability for NFT holders to upgrade their PFP artwork and participate in a game that rewards staking. These announcements, however, were met with sharply downward market movement for both y00ts and DeGods.<\/p>\nPrice Fluctuations<\/h2>\nThe floor price for DeGods has seen a dramatic decline, from around 8.7 ETH to 4.3 ETH. The floor price for y00ts also fell from 1.7 ETH to 1 ETH. This collapse was partly attributed to a single wallet that held about 200 DeGods NFTs and dumped them onto the market. Additionally, entrepreneur and trader Jeffrey \u201cMachi Big Brother\u201d Huang\u2019s large-scale trades contributed to the price drop.<\/p>\nThe DeGods community\u2019s dissatisfaction with the \u201cSeason 3\u201d announcement prompted DeLabs to pivot the planned artwork into a \u201cdowngrade\u201d with simpler, brighter color schemes. Despite these adjustments, the NFT prices continued to decline.<\/p>\nConclusion<\/h2>\nIn just over a week, DeGods\u2019 floor price has fallen by 50%, reflecting the sensitivity and complexity of the NFT market. Finn\u2019s departure, although in motion well before the recent drama, adds to the turmoil around the typically vibrant NFT collection. The events surrounding DeGods offer valuable insights into the challenges faced by NFT projects and the intricate dynamics of leadership changes, strategic decisions, and market behaviors.<\/p>\n<\/div>\n
Furthermore, DeGods<\/a> revealed its \u201cSeason 3\u201d content drop, introducing features such as the ability for NFT holders to upgrade their PFP artwork and participate in a game that rewards staking. These announcements, however, were met with sharply downward market movement for both y00ts and DeGods.<\/p>\nPrice Fluctuations<\/h2>\nThe floor price for DeGods has seen a dramatic decline, from around 8.7 ETH to 4.3 ETH. The floor price for y00ts also fell from 1.7 ETH to 1 ETH. This collapse was partly attributed to a single wallet that held about 200 DeGods NFTs and dumped them onto the market. Additionally, entrepreneur and trader Jeffrey \u201cMachi Big Brother\u201d Huang\u2019s large-scale trades contributed to the price drop.<\/p>\nThe DeGods community\u2019s dissatisfaction with the \u201cSeason 3\u201d announcement prompted DeLabs to pivot the planned artwork into a \u201cdowngrade\u201d with simpler, brighter color schemes. Despite these adjustments, the NFT prices continued to decline.<\/p>\nConclusion<\/h2>\nIn just over a week, DeGods\u2019 floor price has fallen by 50%, reflecting the sensitivity and complexity of the NFT market. Finn\u2019s departure, although in motion well before the recent drama, adds to the turmoil around the typically vibrant NFT collection. The events surrounding DeGods offer valuable insights into the challenges faced by NFT projects and the intricate dynamics of leadership changes, strategic decisions, and market behaviors.<\/p>\n<\/div>\n
The floor price for DeGods has seen a dramatic decline, from around 8.7 ETH to 4.3 ETH. The floor price for y00ts also fell from 1.7 ETH to 1 ETH. This collapse was partly attributed to a single wallet that held about 200 DeGods NFTs and dumped them onto the market. Additionally, entrepreneur and trader Jeffrey \u201cMachi Big Brother\u201d Huang\u2019s large-scale trades contributed to the price drop.<\/p>\n
The DeGods community\u2019s dissatisfaction with the \u201cSeason 3\u201d announcement prompted DeLabs to pivot the planned artwork into a \u201cdowngrade\u201d with simpler, brighter color schemes. Despite these adjustments, the NFT prices continued to decline.<\/p>\n
In just over a week, DeGods\u2019 floor price has fallen by 50%, reflecting the sensitivity and complexity of the NFT market. Finn\u2019s departure, although in motion well before the recent drama, adds to the turmoil around the typically vibrant NFT collection. The events surrounding DeGods offer valuable insights into the challenges faced by NFT projects and the intricate dynamics of leadership changes, strategic decisions, and market behaviors.<\/p>\n<\/div>\n