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Non-fungible token mission 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 consistent with its DeGods NFT assortment.
1. y00ts shall 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 15,00zero y00ts NFTs had been bridged.
DeLabs stated the transfer was to unite its y00ts group with its DeGods group. DeGods had additionally introduced it will be bridging off Solana in December and equally started its migration from Solana to Ethereum initially of April.
“We nonetheless love Polygon. It is simply time to unite the DeGods & y00ts communities,” y00ts wrote in an announcement.
The crew has additionally disclosed it will likely be returning a $three 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 shall 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 blended reactions by members of the NFT group.
Some business pundits provided their support and backing behind NFT mission founder FrankDeGods, whereas others expressed concern concerning 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 alternative, 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 line with NFT Worth Flooring, DeGods and y00ts presently boast the sixth and 22nd highest ground costs at 8.66 ETH ($16,065) and 1.35 ETH ($2,465) respectively.
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