NFTs
DeGods, y00ts Solana Return Sparks Price Rise — and Backlash
Since returning home to Solana a few days ago, the DeGods and y00ts NFT collections have experienced a notable increase in value despite community backlash.
At the time of writing, around 3,000 DeGods have left Ethereum, with 5,100 years transitioning back from Polygon, increasing its low prices to 51 SOL and nearly 13 SOL.
However, some community members are critical of the timing of the NFT project’s revisit to Solana, with one member commenting in X“How can you support a project that left our network in its darkest hour and now returns when Solana is the place to be?”
According to data from CryptoSlam, the Solana blockchain is currently up 71.99%. Although the network still lags behind Ethereum and Bitcoin.
History of DeGods Current Switches
During the same weekend, DeGods took for X to reveal its plan to move to Ethereum, while its counterpart, y00ts, revealed its intention to transition to Polygon next year.
See more information: DeGods and Y00ts will open Cross Chain Bridge – NFT Plazas
In October 2023, the transition will finally it started. Impressively, an astonishing 4,600 year holders migrated their assets from Polygon to Ethereum within the first seven hours of it becoming viable.
Furthermore, the migration entailed the transfer of DeGods’ DUST token – used for trading and minting NFTs within its ecosystem – to the respective blockchains.
DeGods also took a step forward Bitcoin Bridge on March 21, 2023, to capitalize on the success of Ordinals NFTs.