Frank DeGods Steps Down After Three Years of Leading DeGods and y00ts to NFT Success

Frank DeGods Steps Down as CEO of DeGods Amid Surge in NFT Sales

Rohun Vora, known in the NFT community as Frank DeGods, has stepped down as CEO of the DeGods project, ending his three-year leadership.

This announcement comes as the project sees a notable increase in NFT sales across the Ethereum and Solana blockchains.

Vora shared the news on X (formerly Twitter), expressing pride in his work and excitement for the new leadership team.

DeGods and y00ts Under New Leadership

In a message to his followers, Vora, the creator of both DeGods and y00ts collections, expressed pride in his journey, including sleepless nights dedicated to the projects.

Vora said,

“I’m excited to hand the reins to the team and watch them cook.”

He named pseudonymous community members @0x_chill and @pastagotsauce as the new leaders, marking a shift in direction for the popular NFT series.

NFT Sales Surge as DeGods Dominates Multiple Blockchains

As Vora steps down, the DeGods NFT collection has seen a sharp increase in trading activity, with sales on Solana reaching $458,000 on 12 May, up 101% from the previous week.

On Ethereum, sales saw an even stronger growth, increasing by 156% to $104,000 in the past week.

Over the last 30 days, sales volumes have surged across both platforms, showing the growing strength of DeGods even amid leadership changes.

Controversial Moments Surround Vora’s Resignation

Despite the rise in sales, Vora’s tenure as CEO was marked by controversy, with accusations of abandoning projects and insider trading.

In his resignation message, Vora denied any illegal activity, stating,

“I’m not ‘on the run’. There are no investigations, because I have never done anything illegal.”

Earlier this year, Vora faced criticism for leaving behind memecoin projects promoted by the LA Vape Cabal influencer group, and for allegedly using private chats for early access to token launches.

However, these controversies did not diminish Vora’s reputation within the NFT space, where he was often regarded as an innovator.

New Leadership Promises Change for DeGods

Following Vora’s departure, @pastagotsauce, one of the new leaders, hinted at changes in strategy.

The new leadership team intends to take the project further, focusing on making DeGods a larger, more prominent brand, rather than just a crypto product.

Addressing the shift in approach, Pasta said,

“Our job isn’t to build crypto products. It’s to make DeGods as big as it can possibly be.”

The DeGods Brand and its Market Impact

Since its launch in 2021, DeGods has grown into a significant player in the NFT space, especially after migrating to Ethereum in 2023.

The cross-chain approach, including launching on Solana, Polygon, and Bitcoin, helped DeGods gain widespread attention and solidify its market presence.

The DeGods collection now boasts a market capitalisation of nearly $12.5 million, with a floor price of 0.554 ETH, while y00ts has a market cap of $64.6 million.

Despite controversies surrounding Vora’s leadership, both collections have outpaced the broader NFT market in recent weeks.