NFT project y00ts to return $3M grant as it ditches Polygon for Ethereum

1 year ago

DeLabs has promised to instrumentality the $3 cardinal assistance initially provided by Polygon Labs to enactment y00ts from Solana to Polygon.

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NFT task  y00ts to instrumentality    $3M assistance   arsenic  it ditches Polygon for Ethereum

Non-fungible token task y00ts is again switching blockchain networks, lone 4 months aft bridging the bulk of its NFTs from Solana to Polygon.

DeLabs, the NFT steadfast down y00ts, announced via its X (Twitter) relationship connected Aug. 9 it volition soon beryllium migrating to Ethereum successful enactment with its DeGods NFT collection.

1. y00ts volition beryllium migrating to Ethereum.

— y00ts (@y00tsNFT) August 9, 2023

The NFT postulation had mostly migrated from Solana to Polygon successful April. The determination was archetypal initially announced successful December, with the migration starting officially connected March 28. By March 30, Polygon announced 11,633 of a full of 15,000 y00ts NFTs had been bridged.

DeLabs said the determination was to unite its y00ts assemblage with its DeGods community. DeGods had besides announced it would beryllium bridging disconnected Solana successful December and likewise began its migration from Solana to Ethereum astatine the commencement of April.

DeLabs’ listings of y00ts connected NFT marketplace OpenSea. Source: OpenSea

“We inactive emotion Polygon. It's conscionable clip to unite the DeGods & y00ts communities,” y00ts wrote successful a statement.

The squad has besides disclosed it volition beryllium returning a $3 cardinal assistance from Polygon Labs, which it had received successful January from the blockchain steadfast to enactment its migration.

“We're returning 100% of the assistance provided by Polygon. The funds volition beryllium re-deployed for NFT ecosystem maturation to empower builders and creators,” it said.

1. We tried our champion to marque it enactment but we conscionable request to bring our 2 communities together.

I would admit it if everyone remains respectful of each parties involved.

It’s each love. https://t.co/6AT4SMUT76

— Frank (@frankdegods) August 9, 2023

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The quality was met with mixed reactions by members of the NFT community.

Some manufacture pundits offered their support and backing down NFT task laminitis FrankDeGods, portion others expressed interest astir the seemingly diminishing authorities of Polygon’s NFT ecosystem.

Huge stroke to the Polygon NFT ecosystem

but integrated NFT request connected Polygon seems nonexistent

I enactment this choice, feels similar it was a nary brainer tbh

Happy for y00t holders, this is an casual dub https://t.co/TwWtLTpq26

— Iced (@IcedKnife) August 10, 2023

According to NFT Price Floor, DeGods and y00ts presently boast the 6th and 22nd highest level prices astatine 8.66 ETH ($16,065) and 1.35 ETH ($2,465) respectively.

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