Non-fungible token project y00ts is once more switching blockchain networks, solely 4 months after bridging the vast majority of its NFTs from Solana to Polygon.
DeLabs, the NFT agency behind y00ts, announced through its X (Twitter) account on Aug. 9 it will quickly be migrating to Ethereum in step with its DeGods NFT assortment.
1. y00ts will likely be migrating to Ethereum.
— y00ts (@y00tsNFT) August 9, 2023
The NFT assortment had principally 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 mentioned the transfer was to unite its y00ts group with its DeGods group. DeGods had additionally introduced it could be bridging off Solana in December and equally started its migration from Solana to Ethereum firstly of April.
“We nonetheless love Polygon. It is simply time to unite the DeGods & y00ts communities,” y00ts wrote in an announcement.
The workforce has additionally disclosed it will likely 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 will likely be re-deployed for NFT ecosystem progress to empower builders and creators,” it mentioned.
1. We tried our greatest to make it work however we simply want to convey our 2 communities collectively.
I might admire 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 blended reactions by members of the NFT group.
Some business pundits supplied their support and backing behind NFT project founder FrankDeGods, whereas others expressed concern in regards to the seemingly diminishing state of Polygon’s NFT ecosystem.
Enormous blow to the Polygon NFT ecosystem
however natural NFT demand on Polygon appears nonexistent
I assist this alternative, seems like it was a no brainer tbh
Blissful for y00t holders, that is a straightforward dub https://t.co/TwWtLTpq26
— Iced (@IcedKnife) August 10, 2023
According to NFT Value Flooring, DeGods and y00ts presently boast the sixth and twenty second highest ground costs at 8.66 ETH ($16,065) and 1.35 ETH ($2,465) respectively.
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