Y00ts NFTs Announce Migration to Ethereum, Will Return $3 Million Polygon Grant
After shifting from Solana to Polygon earlier this 12 months, the y00ts non-fungible token (NFT) challenge has announced that it’s as soon as once more migrating its base from Polygon to Ethereum blockchain.
The y00ts challenge, as soon as a distinguished participant on Solana’s community, made waves earlier this 12 months by migrating to Polygon.
The NFT challenge has determined emigrate as soon as once more, this time to Ethereum.
Y00ts to be United With DeGods on Ethereum
Y00ts introduced that in an effort to strengthen ties and foster unity between the DeGods and y00ts communities, the choice emigrate to Ethereum has been taken.
The DeGods challenge, a brainchild of Los Angeles-based startup DeLabs, had beforehand migrated to Ethereum in April.
As y00ts prepares for its second migration inside a 12 months, the challenge has introduced its intention to return a considerable $3 million grant it had obtained from Polygon earlier within the 12 months.
The migration date for y00ts’ transfer to Ethereum has not but been disclosed.
Upon profitable migration, y00ts will stand alongside the DeGods assortment on the Ethereum blockchain, marking a major consolidation of the 2 initiatives that originated on Solana in October 2021.
Acknowledging the challenges and choices that led to this shift, Rohun Vora, often known as Frank, the mastermind behind each DeGods and y00ts initiatives, expressed the intention to unite the 2 communities.
Frank took to Twitter to specific his sentiments, stating,
“We tried our greatest to make it work however we simply have to carry our 2 communities collectively.”
Frank additional emphasised that the upcoming Season III can be centered across the DeGods assortment, inviting the y00ts neighborhood to indicate their assist.
Polygon co-founder Sandeep Nailwal confirmed assist for the choice, acknowledging the function y00ts performed in increasing Polygon’s NFT ecosystem.
He acknowledged,
“Frank and staff performed an enormous function in serving to us broaden the NFT ecosystem on Polygon. We are going to proceed to nurture this neighborhood that’s tripled in dimension this 12 months by redeploying the y00ts funds and extra to assist our native creators and initiatives we imagine have the imaginative and prescient and conviction to assist evolve NFTs, each as an artform and as a key to boundless utility.”
The ground worth of y00ts NFts momentary spiked as a lot as 8% upon the information earlier than it dropped to 1.75000 ETH on the time of writing, as per CoinGecko information.
