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DeGods, y00ts Solana Return Sparks Price Surge—and Backlash

May 6, 2024
in NFT
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Since returning house to Solana simply days in the past, the DeGods and y00ts NFT collections have skilled a notable improve in worth regardless of group backlash.

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

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

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

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 yr.

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 property 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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Tags: BacklashDeGodsPricereturnSolanasparksSurgeandY00ts
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