Non-fungible token challenge 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 is going to 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 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.
“We nonetheless love Polygon. It is simply time to unite the DeGods & y00ts communities,” y00ts wrote in a press release.
The crew 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 supplied by Polygon. The funds will probably 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 respect 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 support and backing behind NFT challenge founder FrankDeGods, whereas others expressed concern concerning 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 alternative, feels prefer it was a no brainer tbh
Pleased 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 ground costs at 8.66 ETH ($16,065) and 1.35 ETH ($2,465) respectively.
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