Thread
Both @DeGodsNFT and @y00tsNFT have been quiet since the great chain migrations.
What's going on?
I did some research into De Labs and Dust Labs and how these entities are structured.
This is what I found and what might be coming next for DeGods and Y00ts 🧵👇
What's going on?
I did some research into De Labs and Dust Labs and how these entities are structured.
This is what I found and what might be coming next for DeGods and Y00ts 🧵👇
2/ There are two main entities behind the NFT projects @DeGodsNFT and @y00tsNFT.
They are Dust Labs and De Labs.
Both work very closely together. They’re probably structured this way for business reasons (that we'll get into)
They are Dust Labs and De Labs.
Both work very closely together. They’re probably structured this way for business reasons (that we'll get into)
3/ But for all intents and purposes, both @dust_labs and @delabsxyz are basically one entity.
Dust Labs creates and sells web3 software and De Labs grows the DeGods/Y00ts NFT ecosystems.
Dust Labs creates and sells web3 software and De Labs grows the DeGods/Y00ts NFT ecosystems.
4/ Dust Labs builds software. They licence/sell their software to other NFT and web3 projects.
Headed up by @kevindegods, Dust Labs is structured more as a traditional software business.
Headed up by @kevindegods, Dust Labs is structured more as a traditional software business.
5/ In September 2022, in a seed round, Dust Labs raised $7million in funding.
On LinkedIn Dust Labs has 10 employees listed.
On LinkedIn Dust Labs has 10 employees listed.
6/ De Labs takes care of the web3 side of the business and will be the more public facing entity.
@delabsxyz has not raised any significant VC money (yet đź‘€).
The only outside funding they got was a $3 million grant from Polygon.
De Labs has 7 employees listed on LinkedIn.
@delabsxyz has not raised any significant VC money (yet đź‘€).
The only outside funding they got was a $3 million grant from Polygon.
De Labs has 7 employees listed on LinkedIn.
7/ So that brings us to what we know at present.
Combined both Dust Labs and De Labs have at least 17 employees and $10 million in funding.
And they just migrated their @DeGodsNFT collection to Ethereum and @y00tsNFT to Polygon.
Combined both Dust Labs and De Labs have at least 17 employees and $10 million in funding.
And they just migrated their @DeGodsNFT collection to Ethereum and @y00tsNFT to Polygon.
8/ So what's next for DeGods and Y00ts?
A look at their recent job postings, details on their website and what the team has publicly said reveal clues of what to expect...
A look at their recent job postings, details on their website and what the team has publicly said reveal clues of what to expect...
9/ De Labs is currently on a hiring spree.
Some of their job openings are for some very senior positions, including:
Chief Operations Officer
Director of Growth
Director of Membership Experience
Director of Content
Director of Business Development
Some of their job openings are for some very senior positions, including:
Chief Operations Officer
Director of Growth
Director of Membership Experience
Director of Content
Director of Business Development
10/ The most interesting position their hiring for is “Director of Membership Experience”.
The DeGods/Y00ts team has said for a while that their core product is community. It's reassuring to see that they're doubling down on this.
The DeGods/Y00ts team has said for a while that their core product is community. It's reassuring to see that they're doubling down on this.
11/ Another interesting detail is their "Director of Content" position.
One key sentence from the job post is “This person should also have experience in creating viral content and will have a strong grasp of a multi-channel approach towards content.”
One key sentence from the job post is “This person should also have experience in creating viral content and will have a strong grasp of a multi-channel approach towards content.”
12/ This tells me that we’ll start seeing the DeGods/Y00ts brand outside of just Crypto Twitter.
I think of how @pudgypenguins is killing it on other social platforms and how @frankdegods probably wants @DeGodsNFT and @y00tsNFT to move in a similar direction.
I think of how @pudgypenguins is killing it on other social platforms and how @frankdegods probably wants @DeGodsNFT and @y00tsNFT to move in a similar direction.
13/ There was also a job post by De Labs for a “Staff Illustrator”, who will be working on “Landscapes, character design, and concept art.”
Character design I get but “landscapes” sounds new…
Perhaps their @delabsxyz is wants to build out fuller worlds for their NFT characters
Character design I get but “landscapes” sounds new…
Perhaps their @delabsxyz is wants to build out fuller worlds for their NFT characters
14/ The clues we're getting from their jobs postings reveal that @DeGodsNFT and @y00tsNFTare formalizing their executive team and strategy.
They're entering the big leagues now.
They're entering the big leagues now.
15/ I believe that @delabsxyzis aggressively ramping up their Polygon Launchpad program. Creating niche web3 verticals for new communities.
@y00tsNFT being and anchor point for all these new communities.
@y00tsNFT being and anchor point for all these new communities.
16/ They also have an advertising/sponsorship driven monetization strategy in the works.
The below is a screenshot from the @delabsxyzwebsite. You can see it's a form to advertise with them.
Perhaps companies can sponsor certain traits of @y00tsNFT or other NFT collections.
The below is a screenshot from the @delabsxyzwebsite. You can see it's a form to advertise with them.
Perhaps companies can sponsor certain traits of @y00tsNFT or other NFT collections.
17/ BTC Degods have been playing around with raffles and auctions recently.
@frankdegods has also expressed interest in the @nounsdao revenue model. I think there is a chance that a new NFT project be released, but it can only be obtained via daily auctions, just like Nouns.
@frankdegods has also expressed interest in the @nounsdao revenue model. I think there is a chance that a new NFT project be released, but it can only be obtained via daily auctions, just like Nouns.
18/ A recent retweet by Dust Labs also reveals that they're working on some sort of Metaverse/gaming project with @ZTXofficial. 
19/ There is multiple product launches on the horizon.
On the @delabsxyzwebsite, we can also see “coming soon” blocks in their graphics.
On the @delabsxyzwebsite, we can also see “coming soon” blocks in their graphics.
20/ There's also some sort of airdrop coming for @DeGodsNFT and @y00tsNFTholders.
The clues were hidden in some of their twitter posts...
The clues were hidden in some of their twitter posts...
21/ DeGods and Y00ts staking points utility is still unknown. But @frankdegods and team have hinted that accruing them will be very valuable.
I can only image that they give priority access to certain mints and experiences.
I can only image that they give priority access to certain mints and experiences.
22/ There's also rumours of an e-commerce store in the works as well, where DeGods/Y00ts holders can use their IP to create and sell their own products and merchandise.
There will be a marketplace fee, but the fee will go to DeDAO (aka the community).
There will be a marketplace fee, but the fee will go to DeDAO (aka the community).
23/ And yes about DeDAO... There's probably plans to launch a DAO that will be community owned and governed by $DUST holders.
24/ I've laid out a lot here as to what's in store for @DeGodsNFT and @y00tsNFT.
At the end of the day, @delabsxyzand @dust_labs are building an ecosystem that makes owning a DeGod and/or Y00t rewarding and something non-holders will want to aspire to.
At the end of the day, @delabsxyzand @dust_labs are building an ecosystem that makes owning a DeGod and/or Y00t rewarding and something non-holders will want to aspire to.
If you've found this thread valuable, be sure to follow me @LevelGreen_ for more. And re-tweet for more visibility 🤝
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