Big information has rocked the Solana ecosystem as DeGods and Y00ts, two common NFT initiatives on the community, have introduced a shift in blockchains. As confirmed on their official channels, DeGods will bridge to Ethereum in 2023, whereas Y00ts will head to Polygon.
DeGods will formally bridge to Ethereum in Q1 of 2023.
The bridge isn’t the vacation spot.
It’s on the trail to get there. pic.twitter.com/Wy8CbGx5VZ
— DeGods III (@DeGodsNFT) December 25, 2022
A Main Transfer
The transfer will mark a significant shift within the Solana collectibles market and can open up the a lot lauded NFTs to the advantages of the choice networks. Nevertheless, earlier than making the transfer, customers ought to word that this change will impression not simply the NFTs themselves however $DUST, the utility token hooked up to them. In keeping with Frank III, the founding father of each collections, this resolution was introduced on by a need to discover extra alternatives throughout the NFT ecosystem.
On the identical time, it’s no secret that Solana has had a difficult yr, between a number of system failures and the consequences of the FTX collapse. Subsequently, whereas blockchains like Ethereum signify probably increased charges for customers, this may convey extra stability and alternative to the DeGods and Y00ts initiatives. Nevertheless, as Frank III has additionally stated, this migration will likely be opt-in so those that are notably eager on Solana could proceed to make use of it.
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Tokoni Uti has written extensively on blockchain and cryptocurrency for years. Her work has appeared on websites like BTCmanager and Blockchain Reporter. She has a level in Company Communications.