Ripple's Acquisition of Crypto-Focused Chartered Trust Company Fortress Trust

Immutable Introduces zkEVM Testnet on Web3 Gaming Platform to Enhance Infrastructure Diversity

Neal Stephenson's Metaverse Concept Takes a Leap Forward with the Launch of Lamina1 Blockchain Betanet

Y00ts, an NFT collection that formerly ranked among the leading projects on Solana, has revealed its decision to shift its operations from Polygon. Additionally, the project has announced its intention to relinquish the $3 million grant it had previously been awarded from Ethereum's layer 2 earlier this year.

Instead, y00ts announced its intention to transition onto the Ethereum platform with the aim of "unite the DeGods and y00ts communities." The DeGods project, also developed by the Los Angeles-based startup DeLabs, successfully migrated to Ethereum this past April.

 

 
 
Y00ts indicated that the migration's date would be revealed "shortly." Concurrently, DeGods unveiled plans for the imminent launch of a Season III collection alongside the migration update.
 
In December, both projects made their intention to leave the Solana platform public. Rohun Vora, also known as Frank, the leader of the DeGods project, shared in a Twitter Spaces conversation that the collection had "capped out on Solana." Just before this announcement, sales from DeGods and y00ts accounted for nearly 70% of the total Solana NFT sale volume, as reported by the NFT marketplace Magic Eden.

Earlier this year, Y00ts successfully migrated to the Polygon network and intended to utilize the grant funds to support the expansion of its team and further advance its project. In line with this, Polygon has outlined its intention to reinvest $1 million from the returned grant to empower its inherent community of developers and innovators.

In a tweet, Vora expressed that there's a strong sense of affection among the parties engaged.

"We tried our best to make it work but we just need to bring our 2 communities together," he tweeted.

 

In an official statement, Vora expressed that Polygon Labs had proven to be an "truly incredible partner for y00ts."

"But ultimately, we believe it makes the most sense for y00ts to be on the same chain as DeGods," said Vora. "We feel really lucky to have collaborated with so many great, hard-working people at Polygon Labs, and we can’t thank them enough. It's an exciting chapter for all of us, and I’m looking forward to what the future holds.”

Polygon's co-founder, Sandeep Nailwal, expressed his approval of the choice, highlighting that Vora and his team played a pivotal role in the advancement of Polygon's flourishing NFT ecosystem.

“Frank and team played a huge role in helping us expand the NFT [profile picture] ecosystem on Polygon,” said Nailwal. “We will continue to nurture this community that’s tripled in size this year by redeploying the y00ts funds and more to support our native creators and projects we believe have the vision and conviction to help evolve NFTs, both as an artform and as a key to boundless utility.”

The response to the announcement on X, previously known as Twitter, was varied. However, the majority of community members expressed their endorsement of this decision.

After the declaration, sales of y00ts NFTs experienced an increase, whereas DeGods NFTs witnessed a decline, as indicated by OpenSea's data.