On April 27th, NFT Projects DeGods and y00ts Launched with Unmanaged Pledges
On April 27th, it was reported that the NFT projects DeGods and y00ts have both been launched with unmanaged pledges. Users only need to cancel the pledge and re pledge your NFT to
On April 27th, it was reported that the NFT projects DeGods and y00ts have both been launched with unmanaged pledges. Users only need to cancel the pledge and re pledge your NFT to participate. During the pledge period, the NFT will remain in the holder’s wallet, but these NFTs will be frozen by the pledge contract. NFTs cannot be transferred/traded until the pledge is cancelled, but the Token gated application will not be affected. In addition, ETH’s DUST pledge/cancellation fee will be waived next week, and it is planned to resume the fee on May 4th.
NFT projects DeGods and y00ts have been launched as non custodial pledges
Introduction
On April 27th, two new NFT projects, DeGods and y00ts, were launched with unmanaged pledges. This means that users only need to cancel and pledge their NFT again to participate in the pledge period. However, during this period, the NFTs will be frozen by the pledge contract, and will not be available for transfer or trade until the pledge is cancelled. In addition, ETH’s DUST pledge/cancellation fee will be waived next week, with plans to resume the fee on May 4th.
Why the Launch of DeGods and y00ts is Important
The launch of these two new NFT projects is significant because it demonstrates the growing popularity of NFTs and the potential of these innovative blockchain-based assets. NFTs, or non-fungible tokens, are unique digital assets that are verified on a blockchain. They can represent anything from art to music to collectibles, and offer a new, decentralized way of buying, selling, and trading assets. The launch of DeGods and y00ts shows that there is growing demand for these types of assets, and that people are willing to explore new ways of collecting and exchanging value.
Understanding the Unmanaged Pledge System
The unmanaged pledge system used by DeGods and y00ts allows users to participate in the pledge period by simply pledging their NFT, and then cancelling and pledging again if they wish to participate again. During the pledge period, the NFTs will remain in the holder’s wallets, but will be frozen by the pledge contract. This means that the NFT cannot be transferred or traded until the pledge is cancelled. However, the token-gated applications that use these NFTs will not be affected, meaning that users will still be able to use them for other purposes.
The Waiving of the ETH DUST Pledge/Cancellation Fee
In addition to the launch of these new NFT projects with their unmanaged pledge system, ETH’s DUST pledge/cancellation fee will also be waived next week. This is good news for users who want to participate in pledge periods, as it means they will not have to pay a fee to cancel their pledge and re-pledge their NFT. However, it is important to note that the fee is planned to resume on May 4th, so users should be aware of this if they plan to pledge their NFT during this period.
Conclusion
The launch of DeGods and y00ts with their unmanaged pledge system is an exciting development in the world of NFTs. This demonstrates that there is growing interest in this new way of buying, selling, and trading digital assets, and that people are willing to explore innovative ways of exchanging value. The waiving of the ETH DUST pledge/cancellation fee also makes this process more accessible to users who want to participate in pledge periods.
FAQs
1. What are NFTs?
NFTs, or non-fungible tokens, are unique digital assets that are verified on a blockchain. They can represent anything from art to music to collectibles, and offer a new, decentralized way of buying, selling, and trading assets.
2. What is a pledge period?
A pledge period is a period of time during which users can pledge their NFT to a project. This allows them to show support for the project and potentially gain access to exclusive benefits.
3. What is ETH DUST?
ETH DUST is a fee that is charged when users cancel their pledge and re-pledge their NFT during a pledge period. This fee will be waived next week, but will resume on May 4th.
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