Stargate Seals
Dero Seals is the first ever private by default NFT collection and considered a must hold for every sophisticated Dero NFT collector.
Dero Seals recently announced the Stargate Seal upgrade only available to ultra rare holders and a select few winners of 35 Stargate NFT auctions.
The upgrade process involves burning the 2D version of your existing NFT in return for an upgrade to the 3D one. This maintains the total supply at current 3500.
Let’s examine the consequences of this upgrade for holders and the overall Dero Seal collection valuation.
Current ultra rare owners can upgrade to the 3D version. The attributes will remain the same for all existing 324 units.
The 35 Stargate auction winners get to choose their own customized attributes for their new 3D version. These ones have new unreleased attributes not available until now. The auction winner will need to burn a common NFT to create their customized unit.
The new upgraded Dero Seals collection numbers will then be as following:
Stargate Eligible
10 Captain
35 Custom Stargate
324 Ultra Rare
Not Stargate Eligible
1103 Rare
2028 Common
Other than the 35 custom Stargate units, it is unknown how many collectors will choose to upgrade. The 3D design is beautiful. It will probably lead to more upgrades than not.
Holders will instantly feel the upgrade is a must as there will only a maximum 369 3D Seals NFTs.
However, the remaining 2D ultra rare units will become rarer through this process and will likely enjoy higher valuations.
Those who hold 2 ultra rare units can easily upgrade just 1. Get access to the Stargate 3D level and keep a 2D one.
Those who hold a single ultra rare do not have such a choice. Go ahead and upgrade if a 3D Seal is appealing.
The last alternative is to compete for one of the 35 Stargate auctions. Those units will have a rarity level just below the Captain and will more than likely enjoy higher future valuations.
We must give props to the Deal Seals team for creating another layer within the collection.
To Stargate or not Stargate… That is the question.
A-Team Milestone
Dero A-Team early buyers have cause for celebration. Yesterday, the collection achieved the 30000 Dero volume milestone after 3.5 months.
It is a pleasure when a project performs according to the original thesis of acquiring its NFTs with the expectation of strong long term value appreciation.
3.5 months is a short amount of time and this has far exceeded our forecasts.
What does this actually mean? Let us consider these numbers.
30000 Dero equals:
22% of the total all time volume of deronfts.com
0.23% of the total circulating Dero supply
Daily Dero trading volumes at the two major crypto exchanges are currently significantly less than this total volume.
It is a serious achievement for the small 338 NFT total supply of Dero A-Team and empirical evidence of our initial collection valuation theory.
28 units of that supply are community gifts. A significant amount of common units were freely given as part of collection launch and some 2 for 1 holiday promotions.
It is a testament to Mr. A’s abilities as both artist, collection manager and market maker who understands the supply and demand dynamics of a premium NFT collection.
The average floor price has steadily grown organically by over 3x since launch as seen on the chart above, with a 10x spike over the past couple of days. The floor price chart is the textbook picture what Dero Blocks collection curation standards strive to accomplish for sophisticated collectors.
Dero A-Team has quickly achieved these metrics since launch, showing immense valuation growth potential ahead for this project.
It is still early. We continue to recommend buying the still available creator units as long term holdings.