Non-fungible token undertaking y00ts is once more switching blockchain networks, solely 4 months after bridging nearly all of its NFTs from Solana to Polygon.
DeLabs, the NFT agency behind y00ts, introduced through its X (Twitter) account on Aug. 9 it’ll quickly be migrating to Ethereum in keeping with its DeGods NFT assortment.
1. y00ts might be migrating to Ethereum.
— y00ts (@y00tsNFT) August 9, 2023
The NFT assortment had largely migrated from Solana to Polygon in April. The transfer was first initially introduced in December, with the migration beginning formally on March 28. By March 30, Polygon introduced 11,633 of a complete of 15,000 y00ts NFTs had been bridged.
DeLabs stated the transfer was to unite its y00ts neighborhood with its DeGods neighborhood. DeGods had additionally introduced it will be bridging off Solana in December and equally started its migration from Solana to Ethereum in the beginning of April.
DeLabs’ listings of y00ts on NFT market OpenSea. Supply: OpenSea
“We nonetheless love Polygon. It is simply time to unite the DeGods & y00ts communities,” y00ts wrote in an announcement.
The staff has additionally disclosed will probably be returning a $3 million grant from Polygon Labs, which it had acquired in January from the blockchain agency to assist its migration.
“We’re returning 100% of the grant offered by Polygon. The funds might be re-deployed for NFT ecosystem development to empower builders and creators,” it stated.
1. We tried our greatest to make it work however we simply must carry our 2 communities collectively.
I might recognize it if everybody stays respectful of all events concerned.
It’s all love. https://t.co/6AT4SMUT76
— Frank (@frankdegods) August 9, 2023
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The information was met with combined reactions by members of the NFT neighborhood.
Some trade pundits supplied their assist and backing behind NFT undertaking founder FrankDeGods, whereas others expressed concern in regards to the seemingly diminishing state of Polygon’s NFT ecosystem.
Big blow to the Polygon NFT ecosystem
however natural NFT demand on Polygon appears nonexistent
I assist this selection, feels prefer it was a no brainer tbh
Completely happy for y00t holders, that is a simple dub https://t.co/TwWtLTpq26
— Iced (@IcedKnife) August 10, 2023
In keeping with NFT Worth Ground, DeGods and y00ts presently boast the sixth and twenty second highest flooring costs at 8.66 ETH ($16,065) and 1.35 ETH ($2,465) respectively.
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