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Ethereums (ETH) rival blockchain, Solana (SOL), has suffered another bear market hit as the two largest non-fungible token (NFT) projects announced their migration to other chains.
Around the same time on Christmas Day, Solana-based NFT projects y00ts and DeGods III announced on Twitter that they would bridge to Ethereum and Polygon (MATIC) next year.
Both projects were created by Los Angeles-based NFT creator DeLabs. First, y00ts announced They bridge to Polygon, Ethereum’s scaling solution.
“y00ts will officially bridge to Polygon in Q1 2023.”
A minute later, DeGods III, self-proclaimed Solana’s number one community, resemble Announcement.
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.
Details of the bridge will be published once it is ready and tested. This has never been done before on this scale.
I want to ensure confidentiality.
In the meantime, we plan to release the Season III roadmap in January (this time for real). “
According to the cryptographic data from Dapp Radar, DeGods III is the top Solana NFT collection with $1.5 million in 24-hour sales volume. y00ts is his second largest collection, and about half of DeGods’ sales are his $786,000. Both collections were created by the same NFT artist Rohun Vora, known as ‘Frank DeGods’.
SOL is currently trading at $11.99, down about 96% from its all-time high.
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Featured Image: Shutterstock/Alberto Andrei Rosu/WhiteBarbie
