One of the most successful Solana NFT projects, y00ts<\/a>, just moved its 15K collectibles to Polygon. Accordingly, the project founders at DeLabs received a whopping $3 million from Polygon for their decision. Now, the team is trying to convince y00ts holders to move their NFTs to Polygon with contests, free staking, and more. Watch out: you must pay a 33.3% extra \u201cPaper Hands Bridge Tax\u201d if you don\u2019t move your assets before April 3rd!<\/p>\n The past 48 hours have been intense for the y00ts team and their community. On March 28th, the project founders officially announced their migration from Solana to Polygon. Their other successful Solana project, DeGods, will move to Ethereum soon.<\/p>\n In essence, this is one of the biggest changes for the project since its launch in September 2022 \u2013 one that brings both rewards and downsides. The reward, in this case, is a $3 million grant from Polygon for the move.<\/p>\n According to y00ts founder Rohun \u201cFrank\u201d Vora, the team will use these funds to scale their latest features, including the utility of y00tpoints.<\/p>\n It was also Frank the one to open up about the risks of yoots\u2019 Polygon migration:<\/p>\n \u201cI know that this is a risk. I don\u2019t know what\u2019s going to happen today, tomorrow or throughout the first few weeks. But I know we\u2019re going to make it work. The short-term might be out of our control, but the long-term is completely in our entire community\u2019s control,\u201d<\/em> he said in a statement.<\/p>\n Although this shift was announced last December, many community members were still surprised \u2013 but why?<\/p>\n Now that y00ts migrated to Polygon, their NFT holders community must do the same \u2013 one way or another. Surprisingly, the founding team is putting in lots of effort into convincing holders to make a move. For example, each holder can win an Ordinals-based DeGods NFT from the Bitcoin network. In addition, every user to have their y00t listed on the NFT marketplace Magic Eden gets $5 USDC.<\/p>\n Don\u2019t want to move your y00ts NFT? There will be consequences. Accordingly, every holder who will not move their collectible<\/a> by April 3 will face a 33.33 tax called \u201cPaper Hands Bridge Tax.\u201d This extra fine will be available through higher royalty fees.<\/p>\n So far, these incentives seem to work, though. Recent data from OpenSea shows that about 10k y00ts NFTs have already been migrated to Polygon. All in all, collectors and investors should definitely keep an eye out for y00ts and DeGods this month!<\/p>\n Get our free, 5 minutes daily newsletter. Join 25,000+ NFT enthusiasts & stay on top \ud83d\udc4a\ud83c\udf1a<\/p>\n<\/div>\n<\/div>\n![\"digital](\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/03\/y00ts-polygon-shift-scaled.jpeg.webp)
\n<\/picture>\n<\/noscript>From Solana to Polygon: Why Did y00ts Make The Move?<\/span><\/h2>\n
![\"digital](\"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/03\/y00ts-nft-collection-scaled.jpg.webp)
\n<\/picture>\n<\/noscript>What Does The Shift Mean for y00ts Holders?<\/span><\/h2>\n
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