DeGods NFT Project Successfully Sells Out BTC DeGods

03/19/2023 03:20 • Tech Ticker • 158 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:

The DeGods NFT project on the Solana blockchain has successfully sold out its BTC DeGods series, according to reports. The sale occurred in a Bitcoin block, and the project will now send inscriptions on a first-come, first-served basis, based on the confirmed arrival time of transactions in the memory pool. Those who were not successful in their trades will receive a refund, while the successful traders have been announced on the project’s list.

This sale is notable because DeGods had 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. The successful sellout of the first series can be seen as a positive indication of the potential success of the larger project.

The use of blockchain technology, in this case, the Solana chain and the Bitcoin network, is significant to the sale of these NFTs. Blockchain technology ensures that the transactions are secure and immutable, providing a level of trust and transparency not found in traditional sales. Additionally, the use of different blockchains reflects the growing interest in interoperability between blockchain networks, enabling NFTs to be sold across multiple platforms.

Another significant aspect of this announcement is the use of a first-come, first-served basis for sending inscriptions. This method ensures that the process remains fair and transparent, with no room for favoritism or manipulation. The confirmed arrival time of trades in the memory pool acts as the sole arbiter of the order of inscriptions.

In conclusion, the successful sale of the BTC DeGods series by the DeGods NFT project on the Solana chain and Bitcoin network is a positive indication of the potential success of the larger project. The use of blockchain technology and the fair and transparent first-come, first-served basis for sending inscriptions are significant aspects of this sale.

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