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Non-fungible token mission 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, announced through its X (Twitter) account on Aug. 9 it can quickly be migrating to Ethereum according to its DeGods NFT assortment.
1. y00ts will probably 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 mentioned 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 at the beginning of April.
“We nonetheless love Polygon. It is simply time to unite the DeGods & y00ts communities,” y00ts wrote in an announcement.
The staff has additionally disclosed it will likely be returning a $3 million grant from Polygon Labs, which it had obtained in January from the blockchain agency to help its migration.
“We’re returning 100% of the grant supplied by Polygon. The funds will probably 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 must convey 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 blended reactions by members of the NFT neighborhood.
Some business pundits supplied their support and backing behind NFT mission founder FrankDeGods, whereas others expressed concern in regards to the seemingly diminishing state of Polygon’s NFT ecosystem.
Large blow to the Polygon NFT ecosystem
however natural NFT demand on Polygon appears nonexistent
I help this selection, feels prefer 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 at present 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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