A new NFT project, y00ts is gathering a lot of attention in the NFT space. Apparently, Gary Ve even applied (and was accepted) for a “y00tiist scholarship”, a special sanctioned management system for the project. Additionally, the project recently unveiled a secondary NFT suite, t00bs, that brings added value to all y00ts.
Created by the creators of Solana NFT, DeGods, y00ts to be the greatest PFP collection of all time. It is also taking a unique approach to NFT intellectual property rights.
So, let’s dive right in: what is the y00ts NFT collection all about?
what is it y00ts NFT?
Reportedly, y00ts is a collection of 15,000 NFTs featuring yeti-like avatars on the Solana blockchain. While the project has only released a handful of art samples, it has received mostly positive responses from NFT Twitter.
One of the highlights of the project is y00tlist (the y00ts scholarship), the project’s unique permissioned management system. According to the project, this is “an easy and safe way for people to find the most interesting mitts – based on utility.”
To apply for the y00ts scholarship, users had to link their Solana wallet using the “Apply” button on the project. website. They then had to link their Twitter profile to verify their identity. Finally, they had to answer a few questions about themselves. Once accepted, all applicants were transparent and public.
Certainly, this new technique could be the solution to avoid spamming by bots. This can also prevent NFT whales from leaking and dumping NFTs.
Applications for the y00ts Scholarship close on September 4. However, DeGods confirmed that the project’s roadmap will include Scholarship V2, with more details to be revealed soon.
y00ts Who invented NFT?
The y00ts NFT collection was created by the DeGods team, with founder Frank DeGod. DeGods is one of the most popular. Solana NFT collections In the market, the total amount of sales is more than 900,000 SOL (at the time of writing). With a total of 10,000 NFTs, the project describes itself as “a collection of broken, punk and misguided collections.”
Originally called “Duppies”, the team renamed the project to y00ts in late July. The support of a well-experienced team is probably one of the main reasons for the hype surrounding the y00ts collection. He already boasts nearly 94,000 Twitter followers.
What is ⓨ?
Ⓨ Copyright and Proprietary ⓒ is the y00ts version of registration with NFT Collection as a master entity. Currently in Web3, holders obtain IP rights under an individual NFT or Creative Commons license (CC0), where the rights are in the public domain. This is where Ⓨ differs.
As the project explains, “Each cluster will have its own ⓨ registry, making it easy to track who is allowed to use NFT IP. This allows projects to approve and reject usage requests at the speed of Web3.
In addition, the project developed y00ts st0re, a marketplace for custom-made y00ts features. Here, any artist can enter his own version of the features. ⓨ Owners of a feature can set the price of the feature in the store, determine its availability, and ⓨ sell it to someone else. Additionally, you can collect a 5% royalty on each sale of the feature.
How do t00bs NFTs relate to y00ts?
Basically, y00ts and t00bs are two different sets of NFTs, both built on top of Solana. t00bs are essentially bottles that allow holders to issue y00ts NFTs. Every accepted scholarship applicant is eligible to receive a t00b on September 4. In y00t NFT price is 375 $DUST with a total of 15,000 NFTs available. Those who do not seed their t00bis will lose their chance to earn y00t NFT.
Accordingly, the group set aside 100 y00ts for rejected applicants. Collectors must purchase tickets for 1$DUST per ticket to join the raffle. The winners will receive y00t NFT via airdrop.
Additionally, DeadGods holders can claim t00b NFT. Those who requested t00b NFTs before September 9Th y00ts can get it for 375$DUST. After that, the price will increase to 500$DUST per NFT and will continue to increase by 0.8325$DUST every day until the end of token release. In other words, the earlier you ask for your t00bs, the better the deal!
What benefits do t00bs NFT holders get?
To begin with, each t00b holder can trade their NFT one hour after the y00tlist mint expires. Collectors can simplify their t00bs a y00t whenever they want.
Many members of the NFT community believe that the more you hold onto your t00bs, the more likely you are to find a rare y00t NFT. In fact, the RTFKT Clone X Mint Vial shared the same concept: collectors were able to trade Mint Vial NFTs that allowed them to build RTFKT sets.
In this case, the strategy was incredibly successful, with some Mint Vials selling for over 30 ETH. Either way, the experience adds value to both t00bs and y00ts collectors in the long run.
However, t00bs NFTs come with several other benefits that will be announced soon.
Overall, y00ts NFT is a new project worth paying attention to this year. Their smart withdrawal plan, additional t00bs NFT collection and ⓨ record bring long-term value to every owner. Accordingly, the founding team will reveal more surprises after the t00bs mauratus session is over, so stay tuned!
Post y00ts NFT: Are you on the y00t list? It first appeared on NFT Night.