Cryptocurrency

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

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

The starting price for the collection rose to 186 SOL ($6138) before returning to 172 SOL ($4300) at the time of writing.

The y00ts NFT collection was supposed to be released on September 4th, but the team found a blocker bug.

According to the team, due to the nature of the bug, it didn’t feel right to move Mint forward with the previously proposed date.

However, the delay did not dampen community morale, pushing the collection to the top of OpenSea’s volume. Ranking A total of 171,800 SOL ($5.6 million) has occurred in the last 24 hours.

There are 15,000 NFTs in the y00ts collection, and users need DUST, the ecosystem’s native token, to create NFTs. If one DUST is valued at $2.46 after dropping 16% in the last 24 hours, the collector will have to spend around $835 to mint one y00ts NFT.

Y00ts is one of Solana’s most anticipated NFT collection mints. Its whitelist included celebrities such as retired football legend Wayne Rooney, former basketball star Allen Iverson, and rapper. lil baby.

Meanwhile, some community members claimed Interest from celebrities is hyped under table promotions rather than organic interest.

Y00ts developer raises $7 million

NFT Collection developer Dust Labs also announced that it has raised $7 million in a funding round that includes FTX Ventures, Magic Eden, Big Brain Holdings, Hello Moon, Solana Ventures, Jump, Chapter One and more.

Dust Labs is responsible for one of Solana’s largest NFT collections, DeGods, and many are eagerly awaiting its new project.

The company announced the development on September 6th. We tweeted that we will be hosting an AMA session on September 8th to discuss fundraising.

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