{"id":2149,"date":"2022-12-27T12:55:59","date_gmt":"2022-12-27T12:55:59","guid":{"rendered":"https:\/\/nft.runfyers.com\/index.php\/2022\/12\/27\/2-major-nft-projects-plan-to-leave-solana-nft-news-today\/"},"modified":"2022-12-27T12:55:59","modified_gmt":"2022-12-27T12:55:59","slug":"2-major-nft-projects-plan-to-leave-solana-nft-news-today","status":"publish","type":"post","link":"https:\/\/nft.runfyers.com\/index.php\/2022\/12\/27\/2-major-nft-projects-plan-to-leave-solana-nft-news-today\/","title":{"rendered":"2 Major NFT Projects Plan To Leave Solana &#8211; NFT News Today"},"content":{"rendered":"<p><\/p>\n<div data-id=\"1205c918\" data-element_type=\"widget\" data-widget_type=\"theme-post-content.default\">\n<div class=\"elementor-widget-container\">\n<p><strong>The exodus is on for Solana-based NFT projects as two of its big names are transitioning to Ethereum and its sidechain Polygon. <\/strong><\/p>\n<p>Judging by how Solana and its native token have struggled since the onset of the bear market, this comes as no surprise. The network has endured several outages and has been heavily affected by the downfall of FTX.<\/p>\n<p>The two projects are <a href=\"https:\/\/www.degods.com\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">Degods<\/a>, which is moving to Ethereum, and <a href=\"https:\/\/www.y00ts.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">Y00ts<\/a>, which is bridging to Polygon. Both projects belong to Dust Labs, and the transitions are set to take place in early 2023. According to project leader FrankDeGods, it\u2019s a way to<em> \u201cexplore new opportunities.\u201d <\/em>Thus, they are taking <em>\u201ca calculated risk.\u201d<\/em><\/p>\n<p>In a tweet, Y00ts notes that <em>\u201cthe details of the bridge will be released when it\u2019s ready &amp; tested. This has never been done before at this scale. We want to make sure that it\u2019s airtight. In the meantime, we will be releasing a more formal roadmap for y00ts: Season 2 in January.\u201d<\/em><\/p>\n<p>If their tweets are anything to go by, the Dust team appears to be excited by the decision. In <a href=\"https:\/\/twitter.com\/search?q=y00ts&amp;src=typeahead_click\" target=\"_blank\" rel=\"noopener\">another tweet<\/a> from the Y00ts account, the project notes <em>\u201ccoming for the thr00ne\u201d <\/em>with The Boys characters Homelander and Billy Butcher staring at each other. On the video, you can see the words <em>\u201cNo. 1 ETH project and No. 1 Polygon project (Degods\/Y00ts) inscribed.\u201d<\/em><\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"\/>\n<p>That said, the DUST token will still be used to bind the two communities and will move to both blockchains. Also, all the points collected from holding respective NFTs can be used on an upcoming launchpad.<\/p>\n<h2 id=\"h-mixed-reactions-after-2-major-nft-projects-move-to-competing-blockchains\">Mixed Reactions After 2 Major NFT Projects Move To Competing Blockchains<\/h2>\n<p>The news was met with mixed reactions within the NFT community. Some were excited, while others saw it as a betrayal of Solana. However, Frank assures community members that the decision to migrate shouldn\u2019t reflect badly on the Solana ecosystem.<\/p>\n<p>The next 24 hours after the announcement saw DeGods\u2019 trading volume jump by over 200% while Y00ts grew by over 240%.<\/p>\n<\/div>\n<\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/nftnewstoday.com\/2022\/12\/27\/2-major-nft-projects-plan-to-leave-solana\/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=2-major-nft-projects-plan-to-leave-solana\" target=\"_blank\" rel=\"noopener\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The exodus is on for Solana-based NFT projects as two of its big names are transitioning to Ethereum and its sidechain Polygon. Judging by how Solana and its native token have struggled since the onset of the bear market, this comes as no surprise. The network has endured several outages and has been heavily affected [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2150,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[9],"tags":[21],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/nftnewstoday.com\/wp-content\/uploads\/2022\/12\/solana-nft-projects.jpg","jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/2149"}],"collection":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/comments?post=2149"}],"version-history":[{"count":0,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/2149\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/media\/2150"}],"wp:attachment":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/media?parent=2149"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/categories?post=2149"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/tags?post=2149"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}