Previously known as Duppies, y00ts is a collection of 15,000 NFTs on the Solana blockchain from Dust Labs, the founders of the DeGods NFT Collection. y00ts has a unique utility that enables holders to customize their NFT traits, granting ownership and the ability to set the price/supply of the trait(s), selling the entire ⓨ copyright, and earning 5% royalties on every sale. To mint a y00ts NFT, users will need $DUST, the native token of the DeGods ecosystem.
Screenshot from y00ts.
Implementation of y00t copyright, y00t Paper, and Marketplace
The y00t paper outlines the “common-sense approach to NFT copyright, IP and ownership”. Think of it as a way of registering a copyright, but instead of centralized control of the IP right, the NFT collection (y00ts NFT) serves as the governing body. Unlike other NFT collections that grant holder-specific IP rights or C00 licenses, y00ts functions as a registry that tracks who is approved to use the NFT’s IP, thus enabling holders to build businesses and sub-communities around the new licensing implementation.
y00ts store is a native marketplace for custom-made y00t traits. To submit a trait it must first meet the following approval criteria:
Approved trait(s) grants y ownership to the holder(s), enabling him/her to set the price/supply of the trait(s), sell the entire ⓨ copyright, and earn 5% royalties on every sale.
How to get y00tlisted?
While a large portion of the y00tlist is reserved for DeGod holders, others can obtain WL by applying to the y00ts Scholarship. You need to create a Phantom wallet and applications must be completed on a desktop computer, as mobile phones are currently not supported.
Source: y00ts Scholarship