DeGods Sells Out BTC NFT Project on Solana Chain

03/19/2023 03:20 • Digital Disruptors • 119 views

According to reports, the Solana chain NFT project DeGods announced on social media that BTC DeGods has been sold out in a Bitcoin block, which has been reviewed and will send an inscription on a first come, first served basis based on the confirmed transaction arrival time in the memory pool. DeGods said that the list of users who have successfully traded has been released, and those who have not successfully cast will receive a refund. DeGods previously announced that it would open 500 new series NFT foundries on the Bitcoin network, with a casting price of 0.444 BTCs per NFT.

BTC DeGods has been sold out in a Bitcoin block and will send an inscription based on the time the transaction reaches the memory pool

Analysis based on this information:

DeGods, an NFT project on the Solana blockchain, recently sold out its BTC series on a first come, first served basis. According to DeGods’ announcement on social media, the list of users who have successfully traded has been released, and those who have not will receive a refund. This news comes after DeGods unveiled plans to open 500 new series NFT foundries on the Bitcoin network, with a casting price of 0.444 BTCs per NFT.

The significance of this achievement lies in the rarity of BTC-based NFTs, which are highly valued for their historical significance and provenance. It also demonstrates the growing potential of blockchain technology in establishing exclusive digital ownership rights across various industries.

DeGods’ success has been attributed to its choice of the Solana blockchain, which offers a scalable and fast infrastructure capable of handling high-volume transactions. The use of Solana has also helped to reduce transaction fees, making NFTs more accessible to a wider audience.

This latest development highlights the increasing popularity of NFTs as a new asset class. It also emphasizes the importance of blockchain in providing an immutable and transparent record of ownership. Additionally, it underscores the need for innovation and creative use cases for blockchain that drive wider adoption and acceptance.

In conclusion, DeGods’ sale of its BTC series is a significant development in the world of NFTs and digital asset ownership. It highlights the growing potential of blockchain in offering secure and exclusive digital assets. It also demonstrates the importance of innovation in driving the evolution of blockchain and the wider crypto industry.

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