NFT projects y00ts and DeGods move to Ethereum.
DeLabs, the company behind the non-fungible token (NFT) project y00ts, recently announced its decision to transition to Ethereum. This move comes a few months after the firm moved the majority of its NFTs from Solana to Polygon.
On August 9th, took to X (formerly Twitter), DeLabs revealed that with the move, the company aims to merge the y00ts and DeGods NFT communities.
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In the statement regarding the matter, y00ts stated:
We still have respect for Polygon. However, it's time to unite the DeGods & y00ts communities.
Additionally, DeLabs confirmed they'd be returning a $3 million grant from Polygon Labs, which was initially issued to aid the migration. They stated:
We're returning 100% of the Polygon grant. These funds will now be used to foster NFT ecosystem growth and support builders and creators.
It is worth noting that the y00ts shift from Solana to Polygon was first unveiled in December 2022, while the main migration started on March 28th. By the end of the month, Polygon revealed that almost 12,000 out of 15,000 y00ts NFTs were successfully moved to NFTs.
This development received mixed feedback from the NFT community. While many supported the NFT project founder, FrankDeGods, others expressed concerns about Polygon’s NFT ecosystem's future.
When looking into the market data from the NFT Price Floor, DeGods and y00ts currently rank 6th and 22nd in terms of NFT value, with DeGods floor price fluctuating around 8.5 Ether (ETH) and y00ts price of around 1.35 ETH.
The NFT world remains dynamic, with projects like y00ts making pivotal decisions that shape the industry's future.
