The Right Place to Buy, Exchange and Borrow against Your Crypto.

Get Started
Solana-based y00ts NFT collection launches; developers raise $7M in seed round Solana-based y00ts NFT collection launches; developers raise $7M in seed round

Solana-based y00ts NFT collection launches; developers raise $7M in seed round

Y00ts has had a volume of $6.5 million and its floor price rose to as high as 186 SOL ($6138).

Solana-based y00ts NFT collection launches; developers raise $7M in seed round

Cover art/illustration via CryptoSlate

The highly anticipated Solana-based y00ts NFT collection is finally live, with 6,500 owners minting the collection within the first 24 hours, according to OpenSea data.

The collection’s floor price rose to as high as 186 SOL ($6138) before retracing to 172 SOL ($4300) at press time.

The y00ts NFT collection was meant to launch on Sept. 4, but the team detected a blocker bug.

According to the team, the nature of the bug did not make it feel right to proceed with the mint on the earlier proposed date.

However, the delay did not dampen the morale of the community, who have pushed the collection to the top of OpenSea’s volume ranking with a total of 171,800 SOL($5.6 million) within the last 24 hours.

There are 15,000 NFTs in the y00ts collection, and users require DUST, the native token of the ecosystem, to mint the NFTs. With one DUST valued at $2.46 after a 16% drop in the last 24 hours, collectors will have to spend around $835 to mint one y00ts NFT.

Y00ts is one of the most highly anticipated NFT collection mints on Solana. Its whitelist included celebrities like retired football legend Wayne Rooney, former basketball star Allen Iverson, and rapper Lil Baby.

Meanwhile, some community members have claimed that the interest from celebrities is paid hyped under table promotion rather than organic interest.

Y00ts developer raises $7 million

The NFT collection developer Dust Labs also announced that it raised $7 million in a funding round that included FTX Ventures, Magic Eden, Big Brain Holdings, Hello Moon, Solana Ventures, Jump, Chapter One, etc.

Dust Labs is responsible for one of the biggest NFT collections on Solana, DeGods, and many have been anticipating its new project.

The firm announced this development on Sept. 6, tweeting that it would host an AMA session on Sept. 8 to discuss the funding.

Posted In: , NFTs

Read Our Latest Market Report

Connect your wallet, trade with Orion Swap Widget.

Directly from this Widget: the top CEXs + DEXs aggregated through Orion. No account, global access.