NFT projects DeGods and Y00ts will move from Solana to Ethereum and Polygon respectively.
DeGods will officially bridge to Ethereum in Q1 of 2023.
The bridge is not the destination.
It is on the path to get there. pic.twitter.com/Wy8CbGx5VZ
— DeGods III (@DeGodsNFT) December 25, 2022
According to DeGods developers, the migration will occur in Q1 2023. A roadmap for Season III will be unveiled in January.
The Y00ts project has chosen the Polygon ecosystem. The migration will take place early next year.
y00ts will officially bridge to @0xPolygon in Q1 2023. pic.twitter.com/Mnz25dJko1
— y00ts (@y00tsNFT) December 25, 2022
The NFTs from the aforementioned projects have the largest trading volumes among Solana-based collections.
In a conversation with CoinDesk, a DeGods representative noted that Polygon’s grant influenced the decision to migrate Y00ts. Details of the deal will be disclosed later.
According to Nansen, shortly after the announcement, daily trading volumes of tokens from the DeGods and Y00ts collections rose by 187% and 442%, respectively.
Total TVL in Solana-based protocols since the start of the year has fallen by about 95%.
In September, the number of NFTs issued on the Solana blockchain surpassed 300 000.
Read ForkLog’s Bitcoin news on our Telegram — cryptocurrency news, prices and analytics.