Rohun Vora, better known in Web3 circles as Frank DeGods, formally announced his departure as CEO of the DeGods NFT project, which is one of the most recognizable names in the digital collectibles market. The decision, revealed through a personal statement on X, marks the end of an era for a project often associated with its high-profile, sometimes polarizing leader.
Leadership Change and Future Direction
In his announcement, Vora introduced longtime team members known by their pseudonyms, 0x_chill and Pastagotsauce, as the new leaders of DeGods. The transition represents a significant leadership shift for the brand, with both figures set to steer the project through its next chapter. The incoming lead, Pasta, confirmed plans to honor the project's three-year history and outlined intentions for strategic changes aimed at expanding DeGods' reach within the NFT space.
Pasta emphasized that the project’s core objective moving forward would prioritize building the DeGods brand rather than focusing solely on crypto product development. In a statement following Vora’s exit, Pasta remarked,
“Our job isn’t to build crypto products. It’s to make DeGods as big as it can possibly be.”
DeGods Addresses Controversies and Criticism
Vora’s departure comes after a period marked by scrutiny and controversy surrounding his leadership. The founder acknowledged that his public persona may have overshadowed the project’s potential, admitting in his statement that “the hate was overdone” at times. He also made it clear that he has never engaged in illegal activity, addressing speculation that has followed him in recent months.
Earlier this year, Vora and other crypto influencers, including Faze Banks and Threadguy, faced accusations of insider trading related to their involvement in the LIBRA token, a project connected to Argentine President Javier Milei. While Vora had previously posted comments implying insider knowledge, he later clarified that his remarks were intended as sarcasm and denied any wrongdoing. He reiterated in his farewell message that no investigations are underway against him.
Market Reaction and Sales Surge
Despite the leadership shake-up, the DeGods collection has experienced a sharp increase in market activity. According to data from CryptoSlam, DeGods NFTs on Solana saw a weekly sales volume of approximately $458,000 as of May 12, reflecting a 101% increase from the prior week. Over the past 30 days, the collection achieved $1.1 million in total sales on the Solana network.
The Ethereum-based DeGods collection also posted significant gains, recording $104,000 in sales for the past week, a 156% rise. On a 30-day basis, the Ethereum collection witnessed a 323% growth in sales volumes, totaling over $250,000.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice
