In a surprising turn of events, co-founder Finn DeGods has announced his departure from DeLabs, a prominent NFT firm. This announcement comes at a tumultuous time for the NFT market, with falling prices and market turbulence. However, it has been revealed that Finn’s exit has been planned for several months, indicating that it is not solely a reaction to the current market conditions.
Finn has been instrumental in the success of DeLabs’ DeGods and y00ts NFT collections over the past two years. These collections have gained significant popularity and propelled DeLabs into the spotlight. However, as the company looks to expand and evolve in the future, it has been mutually agreed that Finn may no longer be the best fit for the job at hand.
In a statement shared on Twitter, Finn expressed his gratitude and optimism for the future of DeGods and y00ts. He stated, “it’s finally time for me to move on to the next chapter,” while also emphasizing his continued support and affection for the community.
The news of Finn’s departure comes at a challenging time for DeGods. The NFT prices have been steadily declining, particularly after the launch of series III, which received a cold reception from the market. To exacerbate the situation, several whales flooded the market with listings, causing the floor price to plummet.
At the beginning of August, DeGods had a healthy floor price of around 9 ETH. However, in just a few weeks, that price has dropped to a mere 4.04 ETH ($6,763.15), less than half of its previous value. The remaining co-founders of DeLabs now face the challenge of stabilizing the project and navigating through the bear market.
Despite these difficulties, DeLabs remains determined to forge ahead. The company is committed to finding innovative solutions and adapting to the ever-changing NFT landscape. The departure of Finn presents an opportunity for new perspectives and fresh ideas to contribute to the future success of the project.
As the NFT market faces ongoing fluctuations, it is crucial for investors and enthusiasts to stay informed and make educated decisions. Platforms like NFT Plazas provide valuable resources and insights into the NFT space. They offer a weekly newsletter and maintain an active presence on social media platforms like Twitter, Facebook, and Instagram. By following these channels, individuals can stay updated on the latest trends, news, and analysis in the NFT market.
It’s important to note that all investment and financial opinions expressed by NFT Plazas are based on the personal research and experience of their site moderators. These opinions should be approached as educational material, and individuals are encouraged to conduct thorough research before making any investment decisions.
In conclusion, the departure of Finn DeGods from DeLabs marks a significant change for the NFT firm. As the company faces challenges in the form of falling prices and market turbulence, it is essential for the remaining co-founders to navigate through these difficulties and find ways to stabilize and revitalize the project. With a commitment to innovation and adaptation, DeLabs aims to overcome the current market conditions and continue its growth in the NFT space. Investors and enthusiasts can stay informed through platforms like NFT Plazas, which provide valuable insights and resources for navigating the ever-evolving world of NFTs.
