Ethereum (ETH) rival blockchain Solana (SOL) is taking one other bear market hit as its two largest non-fungible token (NFT) initiatives announce a migration to different chains.
On Christmas day at practically the identical time, Solana-based NFT initiatives y00ts and DeGods III introduced on Twitter that they’re bridging to Ethereum and Polygon (MATIC) subsequent 12 months.
Each initiatives are created by Los Angeles-based NFT creator DeLabs. First, y00ts announced they’re bridging to Ethereum scaling answer Polygon.
“y00ts will formally bridge to Polygon in Q1 2023.”
One minute later, DeGods III, the self-described number-one neighborhood on Solana, made a similar announcement.
“DeGods will formally bridge to Ethereum in Q1 of 2023.
The bridge isn’t the vacation spot.
It’s on the trail to get there.
The small print of the bridge can be launched when it’s prepared & examined. This has by no means been finished earlier than at this scale.
We need to make it possible for it’s hermetic.
Within the meantime, we can be releasing the Season III roadmap in January (for actual this time).”
Based on crypto knowledge from DappRadar, DeGods III is the highest Solana NFT assortment with $1.5 million in 24-hour gross sales quantity. y00ts is the second largest assortment with about half of DeGods’ gross sales volumes at $786,000. Each collections are created by the identical NFT artist, Rohun Vora, who goes by “Frank DeGods.”
SOL is at the moment buying and selling for $11.99, down roughly 96% from its all-time excessive.
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Featured Picture: Shutterstock/Alberto Andrei Rosu/WhiteBarbie
