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Top Solana NFT projects DeGods and y00ts to leave the blockchain and ‘explore new opportunities’ • TechCrunch

by World News Crypto
December 28, 2022
in NFT
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Top Solana NFT projects DeGods and y00ts to leave the blockchain and ‘explore new opportunities’ • TechCrunch
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Two high Solana NFT tasks, DeGods and y00ts, have introduced they’re leaving the blockchain in 2023, which is stirring up conflicting sentiments within the crypto neighborhood.

Over the weekend, DeGods introduced on Twitter that will probably be migrating to Ethereum, whereas its sister undertaking y00ts might be shifting to Polygon early subsequent 12 months, the groups shared. The exodus may even have DeGods’ DUST token — used to commerce and mint NFTs on its ecosystem — switch to the respective blockchains.

The migration introduced conflicting views from neighborhood members and the Solana NFT ecosystem as a complete, as some disapproved of the transfer, whereas others expressed pleasure and one individual even referred to it as a “stage up.”

“Initially of the 12 months, we seen that a lot of the creator economic system’s consideration was targeted on ETH and Solana,” Ryan Wyatt, CEO of Polygon Studios, advised TechCrunch. “Due to this fact, we determined to go towards the development and give attention to the untapped potential of web3 by onboarding giant enterprise manufacturers, DeFi platforms and gaming firms. We did this efficiently via ecosystem fund investments and white-glove partnership help.”

Polygon has gone full power into making its layer-2 blockchain a widely known dwelling for crypto tasks within the house. Earlier this 12 months, Polygon introduced partnerships with Starbucks and Disney, whereas additionally having main manufacturers like Prada and Adidas launch NFT tasks via its blockchain.

“There’s an argument to be made that [DeGods] has capped out on Solana,” DeGods undertaking chief and y00ts creator, Rohun Vora, often known as Frank, stated in a Twitter Areas on Monday. “It’s onerous to just accept, however it’s been powerful to develop on the charge we wish to develop. If Ethereum is the place we now have to go to continue to grow, it’s what we now have to do.”



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Tags: BlockchainDeGodsexploreLeaveNFTOpportunitiesProjectsSolanaTechCrunchTopy00ts
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