Y00ts NFT Moves from Polygon to Ethereum
In a surprising move, y00ts, the popular NFT project, has announced its migration from Polygon to the Ethereum network. This decision comes just months after y00ts migrated from Solana. The main reason behind this move is to bring y00ts NFTs together with its sister collection, DeGods, which is already on the Ethereum mainnet. By moving to Ethereum, y00ts hopes to gain more exposure and join the ranks of other valuable NFT projects such as Bored Ape Yacht Club, Mutant Ape Yacht Club, and CryptoPunks.
Scheduled Migration Date Unknown
No specific date has been announced for the migration yet, but y00ts has stated that it will be revealed soon. Additionally, y00ts plans to return the $3 million grant it received from Polygon Labs for the previous migration to Polygon last year.
Clarification and Support
The news of y00ts’ move has surprised many in the NFT community, leading to speculations of a fallout between the project and Polygon. However, founder Frank DeGods clarified that the decision was solely aimed at uniting the y00ts and DeGods NFT communities. Co-founder of Polygon, Sandeep Nailwal, also expressed support for the move and praised DeLabs for their contribution to expanding the NFT ecosystem on Polygon.
Positive Market Reaction
Since the announcement, the floor price of y00ts NFTs has increased by 7% in the last 24 hours. The cheapest listed y00ts NFT is currently valued at 1.82 ETH ($3,366.23).
Hot Take
The migration of y00ts NFTs from Polygon to Ethereum shows the project’s commitment to reuniting its community and gaining exposure on the most valuable NFT network. While the reasons behind the move remain unclear, it will be interesting to see how this decision impacts the future of y00ts and its sister project, DeGods.
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