2 NFT Projects Plan to Transition From Solana to Alternative Blockchains

Two salient Solana projects person announced they are transitioning implicit to caller blockchains. The non-fungible token (NFT) task Degods elaborate it volition beryllium moving to the Ethereum concatenation and the Y00ts NFT squad elaborate it is moving to Polygon. Both teams said the transitions volition instrumentality spot successful 2023.

Degods Says NFT Project Will Move to Ethereum, Y00ts Details NFT Venture Is Transitioning to Polygon

The crypto assemblage has been discussing 2 crypto projects that person said the teams program to modulation their ventures from the Solana blockchain web to an alternate blockchain. Degods is 1 NFT task that revealed connected Twitter it was moving from Solana to the Ethereum network. Launched successful October 2021, Degods is an NFT task that created 10,000 deflationary PFP (profile picture) NFTs. On Twitter the Degods squad said:

Degods volition officially span to Ethereum successful Q1 of 2023. The span is not the destination. It is connected the way to get there.

Interestingly, the squad down the Y00ts NFT postulation said it plans to modulation implicit to the Polygon network. “Y00ts volition officially span to [Polygon] successful Q1 2023,” the authoritative Twitter relationship tweeted connected Dec. 25, 2022. The decisions to modulation the 2 NFT projects from 1 concatenation to different travel astatine a clip wherever the Solana task itself has been wounded by its erstwhile relationships with FTX.

Solana’s autochthonal crypto plus solana (SOL) is down 94.2% year-to-date and implicit the past 30 days SOL has mislaid 19.7% against the U.S. dollar. Last year, SOL was a apical 10 crypto plus but the integer currency has been struggling to clasp the 18th largest marketplace headdress presumption successful much caller times. Seven-day stats amusement that Solana’s NFT income are inactive the 2nd largest retired of 19 antithetic blockchain networks, according to cryptoslam.io data.

While Ethereum dominated the past 7 days of income with $129.12 cardinal retired of the $154 cardinal successful sales, Solana took the 2nd presumption with its $14.65 cardinal successful NFT income recorded this past week. Meanwhile, Polygon holds the fourth-largest presumption successful presumption of NFT income with $2.38 million.

Defillama metrics shows that there’s $39.42 cardinal full worth locked (TVL) successful decentralized concern (defi) contiguous and Solana commands the 12th largest TVL successful defi. Solana’s TVL connected Dec. 26, 2022 is $216.39 cardinal which equates to 0.55% of the full TVL locked successful defi. Interestingly, the tweets from Degods and Y00ts accidental the aforesaid happening arsenic some teams notation transitioning “has ne'er been done earlier astatine this scale.”

What bash you deliberation astir the 2 NFT projects transitioning from Solana to antithetic blockchain networks? Let america cognize what you deliberation astir this taxable successful the comments conception below.

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