DeGods and y00ts, two of Solana's leading non-fungible token (NFT) collections, have announced plans to move to Ethereum and Polygon.
Two of the most significant NFT projects on Solana, DeGods and y00ts, announced a migration to new blockchains.DeGods and y00ts, two of the leading non-fungible token collections on Solana, have announced plans to bridge to Ethereum and Polygon early next year, the teamsThe two collections were created on Solana in October 2021 by Rohun Vora, an NFT creator who goes by the pseudonym “Frank DeGods.” They are the two most significant NFT projects on the Solana blockchain regarding floor price.
The DeGods collection will migrate to Ethereum, aiming to compete with NFT blue chips like Bored Ape Yacht Club, CryptoPunks and others. Its floor price is 460.00 SOL , which tops the entire NFT market on Solana. Meanwhile, y00ts — with a floor of 140 SOL — is planned to move over to Polygon, a sidechain of Ethereum that allows for faster and cheaper transactions., Vora said that Ethereum and Polygon would individually serve as the new homes for the collections, helping them to tap into a broader NFT user base. He added that the migration would happen with the help of a cross-chain bridge.
“The details of the bridge will be released when it's ready and tested. This has never been done before at this scale. We want to make sure that it's airtight,” the DeGods team© 2022 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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