{"id":10709,"date":"2023-08-18T05:56:06","date_gmt":"2023-08-18T05:56:06","guid":{"rendered":"https:\/\/nft.runfyers.com\/index.php\/2023\/08\/18\/departure-news-finn-degods-leaves-delabs-and-degods-after-2-years\/"},"modified":"2023-08-18T05:56:06","modified_gmt":"2023-08-18T05:56:06","slug":"departure-news-finn-degods-leaves-delabs-and-degods-after-2-years","status":"publish","type":"post","link":"https:\/\/nft.runfyers.com\/index.php\/2023\/08\/18\/departure-news-finn-degods-leaves-delabs-and-degods-after-2-years\/","title":{"rendered":"Departure News: Finn DeGods Leaves DeLabs and DeGods After 2 Years"},"content":{"rendered":"<p><\/p>\n<div>\n<p>Finn DeGods, a pseudonymous co-founder of DeLabs, the entity behind the Ethereum NFT profile picture (PFP) collection DeGods and the related project y00ts, recently announced their departure from the company, citing a need to move on to the next chapter.<\/p>\n<p>The transition away from the company reportedly began in July. Moreover, Finn expressed ongoing confidence in DeGods and y00ts. Despite this, the timing of the announcement raises some eyebrows. This, considering the recent challenges and market turbulence experienced by the collections.<\/p>\n<ul>\n<li>Co-founder Finn DeGods departs DeLabs, behind NFT projects <a href=\"https:\/\/nftevening.com\/degods-the-ultimate-guide-to-y00ts-dust-and-more\/\" target=\"_blank\" rel=\"noopener\">DeGods<\/a> and y00ts, citing new chapter; ongoing confidence expressed.<\/li>\n<li>DeGods NFT collection faces challenges amid market turbulence and pushback; co-founder Rohun \u201cFrank\u201d Vora notes Finn\u2019s departure was in progress.<\/li>\n<li>DeLabs\u2019 y00ts migration from Polygon to Ethereum mainnet and \u201cSeason 3\u201d content drop contribute to market downward movement; DeGods\u2019 floor price drops.<\/li>\n<\/ul>\n<p><noscript><img loading=\"lazy\" decoding=\"async\" fetchpriority=\"high\" class=\"aligncenter wp-image-124419 size-full\" src=\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/08\/Untitled-design-55.png\" alt=\"DeGods cofounder Finn's PFP and his Tweet about departing from the nft project\" width=\"1920\" height=\"1080\" srcset=\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/08\/Untitled-design-55.png 1920w,   https:\/\/nftevening.com\/wp-content\/uploads\/2023\/08\/Untitled-design-55-300x169.png 300w,   https:\/\/nftevening.com\/wp-content\/uploads\/2023\/08\/Untitled-design-55-1024x576.png 1024w,   https:\/\/nftevening.com\/wp-content\/uploads\/2023\/08\/Untitled-design-55-768x432.png 768w,   https:\/\/nftevening.com\/wp-content\/uploads\/2023\/08\/Untitled-design-55-100x56.png 100w,   https:\/\/nftevening.com\/wp-content\/uploads\/2023\/08\/Untitled-design-55-150x84.png 150w,   https:\/\/nftevening.com\/wp-content\/uploads\/2023\/08\/Untitled-design-55-450x253.png 450w,   https:\/\/nftevening.com\/wp-content\/uploads\/2023\/08\/Untitled-design-55-1200x675.png 1200w\" sizes=\"(max-width: 1920px) 100vw, 1920px\"\/><\/noscript><\/p>\n<h2><span id=\"Finn_DeGods_Moves_To_His_Next_Chapter_Amid_Market_Turmoil\">Finn DeGods Moves To His Next Chapter Amid Market Turmoil<\/span><\/h2>\n<p>The NFT market for PFP collections has faced headwinds. DeGods, in particular, has encountered notable volatility recently. Co-founder Rohun \u201cFrank\u201d Vora states that Finn\u2019s departure had been in motion for a few months, with no ill will. Vora also highlights the decision stems from Finn\u2019s skill set not aligning with the project\u2019s growth trajectory.<\/p>\n<p>DeLabs\u2019 announcement regarding the migration of the y00ts PFP collection from Polygon to Ethereum\u2019s mainnet, and DeGods\u2019 subsequent \u201c<a href=\"https:\/\/nftevening.com\/revolutionizing-nfts-degods-unveils-worlds-first-art-downgrade-with-season-3\/\" target=\"_blank\" rel=\"noopener\">Season 3<\/a>\u201d content drop, seems to have sparked a series of challenges. The migration decision led to the return of a $3 million grant from Polygon Labs. This grant was allotted to support the initial move. The \u201cSeason 3\u201d content drop introduced upgrades for NFT holders. Nevertheless, it also prompted pushback and significant market downward movement for both DeGods and y00ts.<\/p>\n<p>The value of the projects floor price\u2014the minimum NFT price on secondary markets\u2014decreased by around 50% within a week. Market factors contributing to this decline included substantial sales by whale traders, like Jeffrey \u201cMachi Big Brother\u201d Huang, who sold over 325 DeGods NFTs within a 10-hour timeframe.<\/p>\n<p>While Finn\u2019s departure was in progress before the recent turmoil, it also adds to the <a href=\"https:\/\/twitter.com\/DeGodsNFT\" target=\"_blank\" rel=\"noopener\">challenges faced by DeGods<\/a>. This is a tough decision amid a competitive and unpredictable NFT market. As the NFT landscape continues to evolve, DeLabs and its projects navigate web3 steadfast. With complexities of market sentiment, technological shifts, and the constant need for adaptability.<\/p>\n<p><iframe data-test-id=\"beehiiv-embed\" width=\"100%\" height=\"320\" frameborder=\"0\" scrolling=\"no\" style=\"border-radius: 4px; border: 2px solid #e5e7eb; margin: 0; background-color: transparent;\" class=\"perfmatters-lazy\" data-src=\"https:\/\/embeds.beehiiv.com\/37fed65e-f01c-4c4c-b8f1-1b71da0be0a4\"><\/iframe><noscript><iframe loading=\"lazy\" src=\"https:\/\/embeds.beehiiv.com\/37fed65e-f01c-4c4c-b8f1-1b71da0be0a4\" data-test-id=\"beehiiv-embed\" width=\"100%\" height=\"320\" frameborder=\"0\" scrolling=\"no\" style=\"border-radius: 4px; border: 2px solid #e5e7eb; margin: 0; background-color: transparent;\"><\/iframe><\/noscript><\/p>\n<div class=\"bottom-text__wrapper post-content\">\n<p>\u00a0<\/p>\n<hr\/>\n<p><em>All investment\/financial opinions expressed by NFTevening.com are not recommendations.<\/em><\/p>\n<p><em>This article is educational material.<\/em><\/p>\n<p><em>As always, make your own research prior to making any kind of investment.<\/em><\/p>\n<\/div>\n<\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/nftevening.com\/departure-news-finn-degods-leaves-delabs-and-degods-after-2-years\/\" target=\"_blank\" rel=\"noopener\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Finn DeGods, a pseudonymous co-founder of DeLabs, the entity behind the Ethereum NFT profile picture (PFP) collection DeGods and the related project y00ts, recently announced their departure from the company, citing a need to move on to the next chapter. The transition away from the company reportedly began in July. Moreover, Finn expressed ongoing confidence [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":10710,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[9],"tags":[21],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/08\/Untitled-design-55.png","jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/10709"}],"collection":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/comments?post=10709"}],"version-history":[{"count":0,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/10709\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/media\/10710"}],"wp:attachment":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/media?parent=10709"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/categories?post=10709"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/tags?post=10709"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}