Huge news rocked the Solana ecosystem. Degods When Y00tsTwo popular NFT projects on the network have announced their move to blockchain. As confirmed on official channels, DeGods will bridge to Ethereum in 2023 and Y00ts will head to Polygon.
DeGods will officially bridge to Ethereum in the first quarter of 2023.
A bridge is not a destination.
It’s the way to get there. pic.twitter.com/Wy8CbGx5VZ
— DeGods III (@DeGodsNFT) December 25, 2022
big move
The move marks a major shift in the Solana collectibles market, opening up the acclaimed NFT to the advantages of alternative networks. However, before moving on, the user should be aware that this switch will not only affect his NFT itself, but also $DUST, the utility token associated with the NFT. According to Frank III, founder of both collections, the decision was driven by a desire to explore more opportunities within the NFT ecosystem.
At the same time, it’s no secret that Solana has had a difficult year, between multiple system failures and the fallout of the FTX collapse. So while blockchains like Ethereum may result in higher fees for users, this could bring more stability and opportunities to his DeGods and Y00ts projects. However, as Frank III also notes, this transition is opt-in, so those who are particularly enthusiastic about Solana can still use it.
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*All investment/financial opinions expressed by NFT Plaza are based on the personal research and experience of the site moderators and are intended for educational material only. , the product should be thoroughly investigated.
Tokoni Uti has written extensively on blockchain and cryptocurrencies over the years. Her work has been featured on sites such as BTCmanager and Blockchain Reporter. She has a degree in Corporate Communications.