Solana Rocked as DeGods and Y00ts Offer Chain Migration

Share This Post

Huge news has rocked the Solana ecosystem as DeGods and Y00ts, two popular NFT projects on the network, have announced a shift in blockchains. As confirmed on their official channels, DeGods will bridge to Ethereum in 2023, while Y00ts will head to Polygon. 

A Major Move
The move will mark a major shift in the Solana collectibles market and will open up the much lauded NFTs to the benefits of the alternative networks. However, before making the move, users should note that this switch will impact not just the NFTs themselves but $DUST, the utility token attached to them. According to Frank III, the founder of both collections, this decision was brought on by a desire to explore more opportunities within the NFT ecosystem. 
At the same time, it is no secret that Solana has had a challenging year, between multiple system failures and the effects of the FTX collapse. Therefore, while blockchains like Ethereum represent potentially higher fees for users, this might bring more stability and opportunity to the DeGods and Y00ts projects.  However, as Frank III has also said, this migration will be opt-in so those who are particularly keen on Solana may continue to use it.

Source NFT Plazas


Related Posts

Fraggle Rock NFT Trading Cards Storm onto the Flow Blockchain

In a new partnership with Web3 company, ‘Tibles,’ the...

California DMV Drives NFT Car Titles onto the Blockchain

Though still novel, blockchain is being used more within...

Solana NFT Standard Lines Up a Major Overhaul

Some big changes are reportedly coming to Solana. As...

Love hits the Metaverse in The Sandbox Valentine’s Contest

The season of love is upon us and The...

NFTs Set to Shine as the Blockchain Economy Summit Heads to London

Over in the beating heart of the World’s financial...

Yuga Labs Clears the Murky Waters of its NFT Copyright

Yuga Labs is home to some of the most...
- Advertisement -spot_img