DeGods and y00ts to Wave Farewell to Solana and Migrate to Ethereum and Polygon in 2023

DailyCoin

Published Dec 26, 2022 09:15AM ET

Updated Dec 26, 2022 10:30AM ET

DeGods and y00ts to Wave Farewell to Solana and Migrate to Ethereum and Polygon in 2023

  • DeGods and y00ts resolved to migrate to Polygon and Ethereum in 2023.
  • Both projects plan to release more migration details once they’re ready.
  • The team behind y00ts and DeGods also plans to migrate $DUST to Polygon and Ethereum.
  • According to the founder, DeGods and y00ts have achieved everything due to the Solana ecosystem.

On Monday, popular NFT collections DeGods and y00ts resolved to completely migrate from Solana in the first quarter of 2023.

However, the NFT projects are not planning to move to the same network. While DeGods plans to migrate to Ethereum fully, its sister project wants to continue its operation on Polygon.

.tweet-container,.twitter-tweet.twitter-tweet-rendered,blockquote.twitter-tweet{min-height:261px}.tweet-container{position:relative}blockquote.twitter-tweet{display:flex;max-width:550px;margin-top:10px;margin-bottom:10px}blockquote.twitter-tweet p{font:20px -apple-system,BlinkMacSystemFont,"Segoe UI",Roboto,Helvetica,Arial,sans-serif}.tweet-container div:first-child{ position:absolute!Important }.tweet-container div:last-child{ position:relative!Important }

Both projects plan to release more migration details when they are ready and well-tested. The DeGods Season III roadmap will be released in January 2023.

“This has never been done before at this scale. We want to make sure that it's airtight. In the meantime, we will be releasing the Season III roadmap in January (for real this time)," DeGods noted. In line with the same idea, y00ts will also release its Season 2 roadmap next month.

"The details of the bridge will be released when it's ready & tested. This has never been done before at this scale. We want to make sure that it's airtight. In the meantime, we will be releasing a more formal roadmap for y00ts: Season 2 in January," y00ts stated. The team behind y00ts and DeGods also plans to migrate $DUST, a native utility token of both projects, to Polygon and Ethereum.

h2 y00ts and DeGods Starting from Zero Again with Migration – Frank III/h2

The founder of both projects, @frankdegods, thanked the Solana community and announced the migration of both projects.

Get The News You Want
Read market moving news with a personalized feed of stocks you care about.
Get The App

The founder wants the community to understand that y00ts and DeGods are starting from zero again with the migration.

He, however, cautioned them against any negativity or aggressive behaviour against the Solana ecosystem owing to the migration. According to him, y00ts and DeGods have achieved everything due to the ecosystem, and migrating to another ecosystem poses another risk.

h2 On the Flipside/h2

  • According to some Twitter influencers, to completely migrate DeGods to Ethereum, the team needs to burn the NFTs on Solana and re-mint on Ethereum.

h2 Why You Should Care/h2

FTX’s collapse took a huge toll on the Solana ecosystem due to its close ties to the exchange. This also affected NFT projects, DeGods, and y00ts, as their floor prices plummeted.

As $SOL was Alameda Research’s second-largest holding, the implications for the Solana ecosystem appear far from over. The uncertainty of the situation has prompted many projects like DeFGods and y00ts to migrate to other networks.

You may also like some recent stories about NFTs:

Yuga Labs Drops Meebits NFT Collectible Music Album Made With AI

Donald Trump’s NFT Collection Floor Price Drops, Possible Dump Incoming?

See original on DailyCoin

Written By: DailyCoin

Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
Sign out
Are you sure you want to sign out?
NoYes
CancelYes
Saving Changes