The exodus is on for Solana-based NFT tasks as two of its large names are transitioning to Ethereum and its sidechain Polygon.
Judging by how Solana and its native token have struggled because the onset of the bear market, this comes as no shock. The community has endured a number of outages and has been closely affected by the downfall of FTX.
The 2 tasks are Degods, which is transferring to Ethereum, and Y00ts, which is bridging to Polygon. Each tasks belong to Mud Labs, and the transitions are set to happen in early 2023. In keeping with venture chief FrankDeGods, it’s a option to “explore new opportunities.” Thus, they’re taking “a calculated risk.”
In a tweet, Y00ts notes that “the details of the bridge will be released when it’s ready & tested. This has never been done before at this scale. We want to make sure that it’s airtight. In the meantime, we will be releasing a more formal roadmap for y00ts: Season 2 in January.”
If their tweets are something to go by, the Mud workforce seems to be excited by the choice. In another tweet from the Y00ts account, the venture notes “coming for the thr00ne” with The Boys characters Homelander and Billy Butcher observing one another. On the video, you’ll be able to see the phrases “No. 1 ETH project and No. 1 Polygon project (Degods/Y00ts) inscribed.”
That stated, the DUST token will nonetheless be used to bind the 2 communities and can transfer to each blockchains. Additionally, all of the factors collected from holding respective NFTs can be utilized on an upcoming launchpad.
Blended Reactions After 2 Main NFT Tasks Transfer To Competing Blockchains
The information was met with combined reactions throughout the NFT group. Some have been excited, whereas others noticed it as a betrayal of Solana. Nonetheless, Frank assures group members that the choice emigrate shouldn’t replicate badly on the Solana ecosystem.
The subsequent 24 hours after the announcement noticed DeGods’ buying and selling quantity soar by over 200% whereas Y00ts grew by over 240%.
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