NFT Projects DeGods, y00ts to Leave Solana for Ethereum and Polygon

NFT tasks DeGods and y00ts have introduced their departure from Solana and revealed that they might be migrating to Ethereum and Polygon.

The 2 prime NFT tasks on Solana anticipate shifting to new chains within the first quarter of 2023, in line with their respective updates on Twitter. The duo said,

“The main points of the bridge might be launched when it’s prepared & examined. This has by no means been completed earlier than at this scale. We wish to ensure that it’s hermetic.”

• Regardless of a rocky launch in late 2021, NFT profile-picture undertaking DeGods reworked into a real titan throughout all NFT networks this yr. Its digital collectibles went on to turn out to be among the Most worthy on Solana.
• DeGods acquired a workforce within the skilled basketball league BIG3 – based by rapper and actor Ice Dice. The launch of the much-anticipated y00ts undertaking this fall additional elevated its reputation.
• Based on Messari’s current report, Solana recorded over 19% quarter-over-quarter progress in NFTs and is now second, trailing solely Ethereum with respect to phrases of transaction quantity and exercise.
• The community’s low-cost fuel and effectivity made it a preferred alternative amongst NFT builders, which stimulated the expansion of quite a few profitable tasks on the platform.
• The departures come amidst a quite disastrous yr for Solana, particularly after being caught up within the drama surrounding the failed crypto change FTX, which prompted its exit from the highest ten on DeFiLlama’s dashboard.
• The full worth locked (TVL) throughout Solana protocols fell to $218.16 million.
• Repeated encounters with community outages additional added to the skepticism.
• In the meantime, a Reddit put up claims that the 2 tasks requested the Solana Basis for thousands and thousands to stay on the community. Whereas Polygon reportedly coughed up $5 million to bridge y00ts, the quantity Ethereum paid is unknown.

This text initially appeared on cryptopotato.com.