The NFT community was rocked as Frank DeGods Leaves his role as CEO of DeGods and y00ts after over three years of leadership. On May 12, 2025, Rohun Vora, known as Frank DeGods, announced his resignation, passing the torch to a new team. This article explores Frank’s departure, his legacy, the controversies he faced, and the future of these iconic NFT projects.
A Pivotal Leadership Transition
Frank DeGods Leaves his position as CEO, marking the end of a transformative era for DeGods and y00ts. In a heartfelt post on X, Frank shared his decision to step down, entrusting the projects to @pastagotsauce and co-founder @0x_chill. He expressed pride in his three-year journey, during which he worked tirelessly to elevate DeGods and y00ts into leading NFT collections. Frank’s exit signals a shift toward new leadership, with the incoming team poised to steer the projects forward.
Frank reflected on his tenure, noting that the intense focus on his persona may have hindered the community’s progress. He acknowledged the criticism he faced, often amplified for engagement, but viewed it as part of protecting the NFT industry. Addressing rumors, Frank clarified, “I’m not fleeing, and there’s no investigation. I’ve never done anything illegal.” His transparency aims to dispel speculation and refocus attention on the projects’ future.
Frank’s Legacy in the NFT Space
As the founder of DeGods in 2021 and y00ts in 2022, Frank pioneered innovative strategies that shaped the NFT landscape. DeGods introduced a controversial 33.3% tax on transactions below the floor price, designed to deter quick sales and stabilize value. This mechanism, though divisive, helped establish DeGods as a blue-chip NFT collection. The project also embraced Bitcoin inscriptions, showcasing Dust Labs’ ambition to expand across blockchains.
y00ts, launched on Solana and later bridged to Polygon and Ethereum, achieved a market cap of $64.6 million, with a floor price of $5,220 per NFT. DeGods, with a floor price of 0.53 ETH and a market cap of 2,069 ETH, remains a significant player despite market fluctuations. Frank’s vision drove these milestones, but his leadership was not without challenges.
Read more: Investor Takes Brutal $10M Loss Selling Rare CryptoPunk NFT
Controversies and Challenges
Frank’s tenure was marked by several controversies. In early 2025, he faced accusations of involvement with the “LA Vape Cabal,” a group allegedly pumping and dumping memecoins. His wallet reportedly earned $4.4 million in profits before being cleared, prompting Frank to admit he had prior knowledge but deny insider trading. The allegations sparked debate, with some community members questioning his transparency.
Frank also drew criticism for soliciting 176 BTC in donations for the Bitcoin DeGods project without a clear roadmap. His public critiques of the Solana NFT community further strained relations, alienating some supporters. In September 2024, DeGods and y00ts consolidated their ecosystems into a single token, DEGOD, which launched in February 2025 but plummeted over 50% to $0.001146. These decisions fueled skepticism, though Frank’s defenders argue they reflected bold experimentation in a volatile market.
Community and Market Impact
The announcement of Frank DeGods Leaves triggered varied reactions. Some community members expressed gratitude for his contributions, crediting him with building a vibrant ecosystem. Others remain critical, citing past controversies. Posts on X highlighted a surge in DeGods’ floor price post-announcement, suggesting renewed investor interest. The team teased an upcoming release for loyal holders, hinting at efforts to revitalize the projects.
Price fluctuations of the y00ts and DeGods collections over the past 30 days. Source: CoinGecko.
Market data reflects resilience. y00ts boasts a $64.6 million market cap, while DeGods maintains a 0.53 ETH floor price. Despite DEGOD’s struggles, the projects’ trading volumes indicate sustained engagement. The leadership transition to @pastagotsauce and @0x_chill is seen as an opportunity to refocus on community-driven growth and innovation.
The Road Ahead for DeGods and y00ts
With Frank DeGods Leaves, the new leadership faces the challenge of sustaining the projects’ momentum. Frank expressed confidence in the team, urging the community to embrace their vision. The incoming CEOs must address DEGOD’s price decline and rebuild trust with holders. Expanding Bitcoin inscriptions and enhancing NFT utility could drive future growth, while clearer communication may mitigate past criticisms.
The NFT market remains dynamic, with DeGods and y00ts well-positioned to capitalize on emerging trends. Their multi-chain presence across Solana, Ethereum, and Bitcoin offers flexibility, but competition from newer projects looms. The team’s ability to deliver on promised releases and foster community loyalty will be critical to their success.
Conclusion
Frank DeGods Leaves his role as CEO, closing a chapter defined by innovation, controversy, and resilience. His leadership transformed DeGods and y00ts into NFT powerhouses, despite challenges like DEGOD’s decline and community disputes. As @pastagotsauce and @0x_chill take over, the projects stand at a crossroads. With a $64.6 million market cap for y00ts and ongoing community support, DeGods and y00ts have the potential to thrive under new leadership, shaping the future of NFTs in a rapidly evolving market.
