New Dapps Report: y00ts Mint t00b – Entry Ticket to y00topia

New Dapps Report- y00ts Mint t00b - Entry Ticket to y00topia
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In the September 2022 edition of DappRadar’s New Dapps Report, we dive deeper into y00ts mint t00b, which is climbing the NFT charts. The New Dapps Report is a detailed analysis of financial metrics for NFT collections with a solid appeal.

This New Dapps Report is part of a series of executive reports that provide readers with a high-level perspective of promising, generative NFT collections. The report focuses on financial metrics, including sales activity, price analysis, and distribution metrics like Unique Holders Ratio and Whale Concentration Index. It additionally dives into whales’ behavioral patterns and social and technical overviews.

Y00ts mint t00b is a collection of 15,000 NFTs on the Solana blockchain and created by Dust Labs, the team behind DeGods

The excitement behind y00ts, abbreviated as y00topia, stems in part from its scholarship whitelist program and its bespoke version of copyright, which promise to change the usual monetization mechanism for NFT collections.

Only collectors who have been admitted to the y00tlist may mint a t00b NFT. t00bs are vials that may be burnt to mint y00ts NFTs, representing two distinct collections.

Before y00ts existed, there were Duppies. Originally, Duppies was intended to be an “extension collection” for the DeGods environment. Early in July 2022, the team declared that it will mint Duppies at the end of July or the beginning of August, but following a Twitter hack, the team altered its plans.

On the 30th of July, through a tweet, Duppies became y00ts. 

Please do not consider this document as financial advice. 

Data updated on: Sep 20, 2022

Table of Contents

Key Takeaways

  • Dust Labs, the developers of DeGods and y00ts, raised a $7 million seed round.
  • The collection’s price floor has appreciated by 294% since the mint
  • Y00ts had more than $10 million trading volume in the first days, despite minting delays
y00ts mint t00b KPIs September 2022

Y00ts mint t00b –  Floor price appreciation by 294%

Blockchain: Solana

Launch date: 5 September 2022

Edition size: 15,000

Traits: N/A

Attributes: N/A

Floor price: 130 SOL

Initially set to launch on September 4, the y00ts mint was delayed by five minutes owing to a “blocking problem,” according to the team project.

The project went online on September 5, and in its first week, its volume has exceeded $10 million, more than the Bored Ape Yacht Club (BAYC) collection.

y00ts mint t00b- Trading Volume vs Average Sales $

After the hype of the first day, the total trading volume fell by 80% and is currently sitting at less than $170,000. On the other hand, the average sales haven’t changed since the mint day and currently is $4,496.

Even if the trading volume decreased drastically, the floor price is sitting at 130 SOL; it shows an appreciation of 294% from the mint price. This price appreciation is solid in the bear market compared to recent collections like NFTiff and The Potatoz, which appreciated by 97% and 144%, respectively.

The average sales and the floor price indicates that there is still considerable interest in the collection, and it is well valued by the market, considering the team and utility behind the collection.

Added Utility – a new way of NFT ownership

Dust Labs is working with a new copyright and ownership scheme for y00ts NFTs they call ⓨ, as a substitute for the more conventional copyright sign ⓒ.

The magic of ⓨ, according to the y00ts team, is that any active community member may form their own “club” or sub-community — based on common hobbies, memes, or items — and register the derivative initiative ⓨ.

Each sub-collection is a governing body that may profit from royalties on every y00t that sells with any of its modified qualities. This mechanism may also make it simpler to accept or reject requests to utilize an NFT’s intellectual property (IP) (IP).

This comes at a time when many blue chip NFT collections are modifying their own terms of service when it comes to copyright and IP rights.

  • If you want to know more in-depth about the y00ts utility, read our new guide

Community Awareness and Engagement 

The Twitter account of y00ts was created on the 18th of June, 2022, and already has 104,037 followers. In the last 30 days has posted more than 233 tweets, and has gained more than 68,626 followers, on average 2,287 followers per day. This means that community engagement is high.

As previously mentioned, the y00ts is a side collection of DeGods, who also has a strong community engagement, with more than 126,000 followers and gaining a daily average of 612 followers, even if the collection was launched almost a year ago.

y00ts mint t00b- Twitter Impressions vs Traders K

The Discord account was created on the 19th of August and has 6,588 active members, a simple onboarding/verification process, and is used mostly for announcements, as per this tweet. 

The y00ts collection has 3,437 unique traders, which is average according to our benchmark. However, this collection heavily emphasizes the community holding the NFT to reap future benefits. As a result, many traders choose not to flip their y00ts for short-term profit.

Team Overview 

The collection y00ts was created by Dust Labs, the founders of DeGods. It provides NFT tooling to Ethereum and Solana projects, and on the 5th of September, announced that it has raised $7 million in seed funding with participation from Foundation Capital, Solana Ventures, Metaplex, Jump, FTX Ventures, and Chapter One.

The two founders are Frank and Kevin, who serves as the company’s CEO. Both decide to maintain their image in anonymity. 

y00ts founder Frank
y00ts founder Frank | Source: YouTube

Although this trend seems popular, it has proven to be a gamble as it raises an air of mystery and allures many curious inquirers. Any mishap would significantly increase the community’s risk of succumbing to FUD’ing, spelling a death knell for the project.

Whale Wallet Analysis                                                            

The y00ts mint t00b collection currently has a Unique Holders Ratio of 48%, indicating a below-average distributed collection. It is worth to be mentioned that the holders who have their NFs custodially staken are not part of this calculation. The more unique holders there are, the less chance of collusion exists between the holders. 

The whale concentration is 15.21% which is very high. Among the top five holders, there is one prominent whale (yootn8Kf22CQczC732psp7qEqxwPGSDQCFZHkzoXp25) who holds 1,759 y00ts, translating into 11.8% of the collection.

A higher whale concentration suggests an increased risk of price manipulation by famous collection holders. A higher whale concentration also increases the risk of a selloff should they liquidate their holdings. The selloff often causes a chain reaction forcing many smaller flippers to sell as well. Potential buyers are always advised to exercise due diligence.  

Technical Overview

Y00ts operates under a different license arrangement than CC0 or NFT projects, such as Bored Ape and World of Women, which have ceded complete rights to their holders.

Its copyright is managed by the NFT collection itself, which maintains a registration of those authorized to utilize the NFT’s intellectual property. This new license mechanism will be implemented beginning with the y00ts shop, a bespoke marketplace for y00ts qualities that may be applied to NFTs.

  • Audit status: no audits performed yet
  • Storage: The y00ts: mint t00b collection is stored as SPL tokens on the Solana blockchain, and the visuals are stored on the blockchain itself, without the need for IPS.
  • Contract address: N/A


The collection of “y00ts mint t00b” was behind the all-time high trading volume on Solana. It even topped OpenSea’s volume rankings after a blazing start last. Its much-awaited debut, however, was not spared from delays and obstacles. Due to the discovery of a “blocking problem,” the release of the y00ts coin was postponed until the next day, September 5.

Dust Labs, a Web 3 technology startup associated with the project, received $7 million from numerous venture capital companies, including FTX Ventures and Solana Ventures. In addition, the whitelist featured celebrities such as the football icon Wayne Rooney, the former basketball player Allen Iverson, and the artist Lil Baby.

We will be closely monitoring the future of y00ts.

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