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

Share This Post

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

Over the weekend, DeGods introduced on Twitter that it will likely be migrating to Ethereum, whereas its sister mission y00ts shall be shifting to Polygon early subsequent yr, the groups shared. The exodus may also have DeGods’ DUST token — used to commerce and mint NFTs on its ecosystem — switch to the respective blockchains.

The migration introduced conflicting views from neighborhood members and the Solana NFT ecosystem as a complete, as some disapproved of the transfer, whereas others expressed pleasure and one particular person even referred to it as a “stage 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. “Due to this fact, we determined to go in opposition to the pattern and give attention to the untapped potential of web3 by onboarding giant enterprise manufacturers, DeFi platforms and gaming firms. We did this efficiently by ecosystem fund investments and white-glove partnership assist.”

Polygon has gone full drive into making its layer-2 blockchain a widely known dwelling for crypto tasks within the house. Earlier this yr, Polygon introduced partnerships with Starbucks and Disney, whereas additionally having main manufacturers like Prada and Adidas launch NFT tasks by its blockchain.

“There’s an argument to be made that [DeGods] has capped out on Solana,” DeGods mission chief and y00ts creator, Rohun Vora, often called Frank, mentioned in a Twitter Areas on Monday. “It’s laborious to simply accept, but it surely’s been powerful to develop on the charge we wish to develop. If Ethereum is the place we’ve to go to continue to grow, it’s what we’ve to do.”

Source link


Related Posts

- Advertisement -spot_img