Top Solana NFT plans DeGods and y00ts to leave the blockchain and “explore new opportunities” • TechCrunch
Two of the main Solana NFT projects, DeGods and y00ts, have announced that they will leave the blockchain in 2023, which stirs up mixed feelings in the crypto community.
Over the weekend, DeGods announcement on Twitter that it will migrate to Ethereum, while its sister project y00ts will move to Polygon early next year, the teams shared. Exodus will also have DeGods’ DUST token – used to trade and mint NFTs on its ecosystem – transferred to the respective blockchains.
The migration has sparked conflicting opinions from members of the community and the Solana NFT ecosystem as a whole, with some disapproving of the move, while others expressed excitement and one person even called it a “higher level.”
“At the beginning of the year, we noticed that a lot of the attention of the creator economy was focused on ETH and Solana,” Ryan Wyatt, CEO of Polygon Studios, told TechCrunch. “Therefore, we decided to go against the grain and focus on the untapped potential of web3 by integrating major corporate brands, DeFi platforms and gaming companies. We have successfully achieved this through investments in ecosystem funds and high-level partnership.”
Polygon has done its best to make its Layer 2 blockchain a well-known home for crypto projects in space. Earlier this year, Polygon announced partnerships with Starbucks and Disney, while having major brands like Prada and Adidas launch NFT projects through its blockchain.
“There is an argument to be made [DeGods] has maxed out on Solana,” DeGods project manager and y00ts creator Rohun Vora, known as Frank, said in a Twitter space on Monday. “It’s hard to accept, but it’s been hard to grow at the pace we want. If Ethereum is where we need to go to keep growing, it is what we need to do.