Can Solana’s latest move on the NFT front break SOL’s ongoing slumber

ambcrypto.com:

Solana [SOL], as of 9 October, announced a new experiment that the ecosystem planned on undertaking. Blue chip SOL NFTs, such as DeGOD’s  and y00t’s would undergo a change where royalties would be eliminated. This may provide a much-needed boost to the Solana NFT marketplace. 

Next, @y00tsNFT (t00bs).

— DeGods (@DeGodsNFT) October 9, 2022

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Here’s AMBCrypto’s Price Prediction for Solana for 2022-2023.

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The DeGodsNFT official twitter account posted anupdate  stating that they would be removing their royalty fees which were at 9.99% initially. This update may incentivize the NFT holders to get involved with more transactions. 

Given the downtime dilemma and other issues that Solana has faced, the blockchain’s saving grace was its improving NFT market. However, over the past month, its NFT marketplace too seemed to generate some disappointing results.

As can be seen from the image below, the volume of NFT’s traded declined since 26 September. However, the new development from DeGods could regenerate interest in SOL NFTs and could help SOL get back on its feet.

Source: Santiment

At the time of press, Solana’s Blue Chip NFT’s weren’t performing well. Over the last 30 days, the Solana NFT declined significantly and depreciated by 4% in the last 24 hours.

Source: SolanaFloor

Although DeGods are a huge part of the overall blue-chip index, they have fared well as compared to the overall Solana NFT index. Additionally, over