DeGods NFT Founder Steps Down, Sparking Market Surge

In a surprising turn of events, Rohun Vora, known as Frank DeGods, has announced his resignation as CEO of DeLabs, the company behind the popular NFT collections DeGods and y00ts. This decision comes amid a notable surge in NFT sales across both Ethereum and Solana, raising questions about the future direction of the project.

Key Takeaways

• Frank DeGods resigns as CEO, aiming for project independence.

• Sales of DeGods NFTs surged by 101% following the announcement.

• New leadership will be taken over by pseudonymous figures @0x_chill and @pastagotsauce.

• The NFT market is experiencing a broader resurgence, with sales up 17% overall.

A New Chapter for DeGods

Frank DeGods, who has been a prominent figure in the NFT space since the launch of DeGods in 2021, stated that his departure is intended to allow the project to grow independently of his personal brand. In a video announcement, he expressed his desire for DeGods to evolve into its own entity, free from the constraints of his leadership.

"I don’t want DeGods to be a startup that revolves around me," he said. "I want it to grow into its own world."

This move has been met with mixed reactions from the community. While some view it as a necessary step towards a new beginning, others are skeptical about the timing, especially given recent controversies surrounding Vora's trading activities.

Market Reaction

The NFT market responded positively to Frank's resignation. According to data from CryptoSlam, DeGods saw a staggering 101% increase in sales volume on Solana, reaching approximately $458,000 in just one week. On Ethereum, sales jumped by 156%, totaling over $250,000 in the same period.

This immediate market rally has drawn comparisons to the resurgence of the Pudgy Penguins project, which revitalized under new leadership after internal controversies. The phrase "Pudgy Moment" quickly trended on social media, reflecting the community's hope for a similar turnaround for DeGods.

New Leadership Takes Charge

With Frank stepping down, leadership of DeGods has been handed over to @0x_chill and @pastagotsauce, both of whom have been integral to the project’s development. Their identities remain anonymous, but they are expected to bring fresh perspectives and strategies to the table.

In a Discord update, Pasta hinted at a shift in strategy, emphasizing that the goal is to make DeGods as expansive as possible. "Our job isn’t to build crypto products. It’s to make DeGods as big as it can possibly be," he stated.

The Future of DeGods

While the initial market response has been overwhelmingly positive, the long-term success of DeGods under new leadership remains uncertain. The community is eager to see how the new team will navigate the challenges ahead and whether they can deliver a clear vision for the project’s future.

As the NFT market continues to evolve, the departure of a founder can be a double-edged sword. It can either signal instability or open the door for new opportunities. Only time will tell if DeGods will experience a true renaissance or if the recent surge is merely a fleeting moment of excitement.

Sources

• Frank Steps Down as DeGods CEO: Pudgy Moment Happen Again, NFTevening.

• DeGods Founder Exits as NFT Sales Surge Across Chains, Cryptodnes.bg.

• DeGods NFT founder steps down as collection gains traction, Cointelegraph.

• Frank DeGods Steps Down As DeGods CEO, New Leadership Promises Fresh Direction - EGamers.io, eGamers.io.

• Frank DeGods walks away from NFT project DeGods, Informed crypto news.