Saturday, July 6, 2024

DeGods, y00ts Solana Return Sparks Worth Surge—and Backlash

Since returning house to Solana simply days in the past, the DeGods and y00ts NFT collections have skilled a notable enhance in worth regardless of neighborhood backlash.

On the time of writing, round 3,000 DeGods have left Ethereum, with 5,100 y00ts transitioning again from Polygon, boosting their ground costs to 51 SOL and practically 13 SOL. 

However, some neighborhood members criticize the timing of the NFT challenge’s Solana revisit, with one member commenting on X, “How will you help a challenge that left our chain at its darkest time and now rejoins when Solana is the place to be?”

As per CryptoSlam knowledge, the Solana blockchain is at the moment up by 71.99%. Though, the community nonetheless trails behind Ethereum and Bitcoin.

degods solana return

DeGods’ Historical past of Chain Switches 

Throughout that very same weekend, DeGods took to X to disclose its plan emigrate to Ethereum, whereas its counterpart, y00ts, disclosed its intention to transition to Polygon within the coming 12 months.

Learn extra: DeGods and Y00ts to Open Cross Chain Bridge – NFT Plazas

In October 2023, the transition lastly commenced. Impressively, an astonishing 4,600 y00ts holders migrated their belongings from Polygon to Ethereum inside the first seven hours of being possible.

Moreover, the migration entailed the switch of DeGods’ DUST token—utilized for buying and selling and minting NFTs inside its ecosystem—to the respective blockchains.

DeGods additionally took a step throughout the Bitcoin bridge on March 21, 2023, to capitalize on the success of Ordinals NFTs.



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