Here is Why DeGods and Y00ts Will Depart the Solana Blockchain in 2023

The Solana blockchain’s efficiency has continued to wane all through the second half of 2022, prompting a few of its most influential gamers to hunt alternatives elsewhere. At first, solely platforms like Magic Eden introduced intentions to go cross-chain to broaden their horizons. Now, two of probably the most outstanding PFP initiatives on Solana, DeGods and y00ts, have introduced their imminent departure from the blockchain.

The information got here from the DeGods and y00ts Twitter pages on December 25, with every releasing a easy assertion of intention to bridge off of Solana in 2023. Though each initiatives exist below the identical umbrella, they are going to be (technically) parting methods, as DeGods bridges to Ethereum and y00ts to Polygon.

The reasoning behind the transfer

Whereas this newest information may shock some, throughout the overarching DeGods and y00ts group, it solidifies months of stress and speculation. Though particulars surrounding the timing and technique of the forthcoming transitions have but to be revealed, the NFT area has turned consideration towards the initiatives’ creator Rohun Vora, identified in Web3 as Frank III.

In a video posted to his Twitter account, Vora addressed the Solana NFT group, thanking religious SOL collectors for his or her help and stating that he and his group realized that to develop, they would wish to discover new alternatives. “We believe now is the time to take a calculated risk and embark on a new journey,” mentioned Vora. He closed the video by noting that whereas the bridging of DeGods and y00ts is ready to occur in late Q1, extra particulars and roadmaps shall be obtainable in early January.

Following his video, Vora additionally participated in a Twitter space the place he answered questions and offered extra context to the announcement. Within the area, he made parallels between streaming providers (like Netflix and HBO Max) contending for mental property and blockchains racing to create probably the most sturdy NFT platforms. He additionally famous that an argument might be made that DeGods had capped out on Solana, saying, “It’s hard to accept, but it’s been tough to grow at the rate we want to grow. If Ethereum is where we have to go to keep growing, it’s what we have to do.”

The place do DeGods and y00ts go from right here?

Whereas the DeGods and y00ts migrations could sound easy in apply, such a high-profile and high-volume knowledge transference from one blockchain to a different will undoubtedly include roadblocks. Equally, every can have its personal distinctive difficulties. Whereas y00ts’ transfer to Polygon shall be dealt with through the Polygon partnership fund — as reported by CoinDesk through a DeGods consultant — the Ethereum bridge is considerably unprecedented.

When initiatives do choose to bridge outward from their blockchain of origin (usually Ethereum), akin to what Doodles is planning with Doodles 2, they usually achieve this by means of a layer two blockchain (i.e., Polygon for Doodles 2) whereas nonetheless sustaining the unique assortment on mentioned blockchain of origin. However the DeGods transfer will search to not bridge over to a layer two however to cross chains utterly from Solana to Ethereum, absolutely bringing with it a bunch of hurdles.

But, as DeGods is taken into account by many to be one of the vital inspiring comeback tales within the NFT area, the group help for this newest transfer is more likely to persist. Having remained towards the highest of the Solana NFT value charts, whereas some are understandably disheartened by the information, the rising PFP empire helmed by Vora has solely continued to develop in its wake.