Non-fungible token undertaking 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 by way of its X (Twitter) account on Aug. 9 it is going to quickly be migrating to Ethereum according to its DeGods NFT assortment.
1. y00ts might 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 group with its DeGods group. DeGods had additionally introduced it might 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 an announcement.
The group 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 help its migration.
“We’re returning 100% of the grant offered by Polygon. The funds might 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 have to deliver our 2 communities collectively.
I’d 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 group.
Some business pundits provided their support and backing behind NFT undertaking 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 help this alternative, feels prefer it was a no brainer tbh
Comfortable for y00t holders, that is a simple dub https://t.co/TwWtLTpq26
— Iced (@IcedKnife) August 10, 2023
In accordance with NFT Worth Flooring, DeGods and y00ts at present 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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