Business News Report

Leading NFT projects DeGods and y00ts from Solana are making headlines as they transition to Ethereum and Polygon.

In Brief

In Q1 2023, the popular NFT collections DeGods and y00ts are set to depart from Solana, choosing to establish their presence on Ethereum and Polygon instead.

Both of these collections have consistently ranked among the top tier of NFTs within the Solana ecosystem.

The premier NFT projects within Solana's ecosystem are making a pivotal exit from the blockchain. DeGods will migrate to Ethereum, while y00ts will relocate to Polygon, with their token $DUST also making the switch across both chains. DeGods and y00ts It was mentioned on Twitter that further details about the migration will be shared once testing is completed and everything is set to go. The team expressed, \"We are venturing into uncharted territories with this initiative,\" and they also hinted at an upcoming Season III roadmap presentation next month.

DeGods  wrote Frank, the founder behind these two prominent NFT collections, didn't provide a specific reasoning for their departure from Solana. However, he acknowledged, \"The NFT scene on Solana is absolutely fantastic. Our success is thanks to the amazing community here.\"

Interestingly, the NFT community reacted positively to this announcement. Data from OpenSea shows that DeGods experienced a staggering 271% surge in its trading volume within 24 hours, while y00ts saw an impressive 388% increase. The current floor price for DeGods stands at 790 SOL, while y00ts is holding steady at 215 SOL. a letter , he wrote:

Following the fallout from FTX, Solana has faced additional challenges. The price of Solana remains relatively low, currently around $11.30. Many Web3 projects are distancing themselves from the platform, including the popular Solana NFT marketplace, Magic Eden, which has shifted focus away from exclusively Solana-based transactions.

Moreover, Solana's self-custody wallet, Phantom, is also repositioning itself to avoid being linked solely to Solana transactions.

The migration of DeGods and y00ts, which are among the top NFT collections on Solana, underscores the trend of Web3 projects seeking alternatives outside of the Solana network. integrated Ethereum and Polygon Please remember that the information shared on this page is not intended as legal, tax, investment, financial, or any other type of advice. It’s crucial to only invest what you can afford to lose and to seek independent financial advice if you have any uncertainties. For more comprehensive details, we recommend checking the terms and conditions as well as the support pages offered by the issuer or advertiser. MetaversePost strives to provide accurate and impartial reporting, but market conditions can change without prior notice. added support  for Ethereum and Polygon last month.

Agne is an engaging journalist focused on exploring the latest advancements and trends in the realms of the metaverse, AI, and Web3 for the Metaverse Post. Her enthusiasm for storytelling drives her to conduct in-depth interviews with experts, always in pursuit of captivating narratives. Agne possesses a Bachelor’s degree in literature and has an extensive history of writing across various subjects, including travel, art, and culture. Additionally, she has volunteered as an editor for an animal rights organization, raising awareness about issues related to animal welfare. Feel free to reach out to her at

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