The NFT collection Y00ts, which was formerly one of the top projects on Solana, has stated that it will be leaving Polygon and returning the $3 million grant it received from Ethereum Layer 2 earlier this year. In order to bring the DeGods and y00ts communities together, the project declared that it intended to move to Ethereum. Another DeLabs initiative, DeGods, founded in Los Angeles, switched to Ethereum in April.
Y00ts NFT Collection Prepares to Migrate from Polygon to Ethereum After $3 Million Grant
According to Y00ts, the migration date will be announced soon, and the project has shared a series of posts on the X platform about the migration. Along with the information on the migration, DeGods also revealed the arrival of a Season III collection.
The DeGods project leader, Rohun Vora, aka Frank, explained in a Twitter Spaces that the collection had peaked out on Solana when the two projects first announced their departure from Solana in December. According to NFT marketplace Magic Eden, before the news, sales of DeGods and y00ts accounted for around 70% of all Solana NFT sale volume.
Vora Expresses Opinion on Migration
Early this year, Y00ts completed its transfer to Polygon, and it intended to use the grant money to support the growth of its team and project. In order to strengthen its local network of builders and artists, Polygon announced it intended to reinvest $1 million of the grant’s refunded funds. Vora, on the other hand, wrote his thoughts on migration in X.
But ultimately, we believe it makes the most sense for y00ts to be on the same chain as DeGods. We feel really lucky to have collaborated with so many great, hard-working people at Polygon Labs, and we can’t thank them enough. It’s an exciting chapter for all of us, and I’m looking forward to what the future holds.
Vora
Sandeep Nailwal, a co-founder of Polygon, appeared to be in favor of the choice, stating that Vora and his group have contributed to the development of Polygon’s burgeoning NFT ecosystem.
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