Prime Solana NFT initiatives DeGods and y00ts to go away the blockchain and ‘discover new alternatives’ • TechCrunch


Two high Solana NFT initiatives, DeGods and y00ts, have introduced they’re leaving the blockchain in 2023, which is stirring up conflicting sentiments within the crypto group.

Over the weekend, DeGods announced on Twitter that will probably be migrating to Ethereum, whereas its sister undertaking y00ts might be shifting to Polygon early subsequent yr, the groups shared. The exodus will 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 group members and the Solana NFT ecosystem as an entire, as some disapproved of the transfer, whereas others expressed pleasure and one particular person even referred to it as a “level up.”

“In the beginning of the yr, we seen that a lot of the creator financial system’s consideration was centered on ETH and Solana,” Ryan Wyatt, CEO of Polygon Studios, instructed TechCrunch. “Subsequently, we determined to go in opposition to the development and concentrate on the untapped potential of web3 by onboarding giant enterprise manufacturers, DeFi platforms and gaming firms. We did this efficiently by way of ecosystem fund investments and white-glove partnership help.”

Polygon has gone full power into making its layer-2 blockchain a well known dwelling for crypto initiatives within the area. Earlier this yr, Polygon introduced partnerships with Starbucks and Disney, whereas additionally having main manufacturers like Prada and Adidas launch NFT initiatives by way of 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 called Frank, said in a Twitter Areas on Monday. “It’s arduous to just accept, however it’s been powerful to develop on the price we wish to develop. If Ethereum is the place we have now to go to continue to grow, it’s what we have now to do.”





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