Polygon-based (MATIC) NFT assortment y00ts mentioned it could migrate to Ethereum (ETH) and return the $3 million grant it beforehand obtained from the layer2 community, in accordance with an Aug. 10 tweet.
y00ts didn’t present extra info on when the migration would happen. It mentioned:
“The migration date might be introduced shortly.”
In the meantime, the NFT assortment defined that it was migrating to the layer1 blockchain community as a result of it was “time to unite the DeGods & y00ts communities.”
The founding father of the initiatives, Rohun Vora, aka Frank DeGods, additional acknowledged that the transfer was essential to unite the communities on one community. He mentioned:
“We tried our greatest to make it work however we simply have to carry our 2 communities collectively. I’d respect it if everybody stays respectful of all events concerned.”
DeGods and y00ts NFT collections have been launched by DeLabs initially on Solana (SOL). The NFT collections turned broadly in style on Solana and cemented its standing as a blue-chip digital asset.
Nonetheless, DeLabs migrated the 2 initiatives in April—transferring DeGods to Ethereum, whereas y00ts went to Polygon.
Buying and selling quantity soars
Information of the deliberate migration has helped y00ts buying and selling quantity and ground worth to extend within the final 24 hours.
Based on CoinGecko information, y00ts ground worth jumped 7.6% to 1.83 ETH, round $3,365 as of press time, whereas its buying and selling quantity soared by greater than 350% to 171.15 ETH, roughly $316,604.
Nonetheless, Cryptoslam information reveals that quantity could be a lot larger, with the NFT information aggregator reporting $432,023 from 124 transactions.
In the meantime, its sister assortment, DeGods, noticed its buying and selling quantity and ground worth drop throughout the identical interval, in accordance with CoinGecko information.
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