Since returning home to Solana just days ago, the DeGods and y00ts NFT collections have experienced a notable increase in both activity and value despite community backlash.
Specifically, 3,000 DeGods left Ethereum, while 5,100 y00ts transitioned back from Polygon, boosting their prices to 59 SOL and 13 SOL, respectively.
Nevertheless, some community members criticize the timing of the NFT project’s Solana revisit, with one member commenting on X, “How can you support a project that left our chain at its darkest time and now rejoins when Solana is the place to be?”
As per CryptoSlam data, the Solana blockchain is currently up by 71.99%. Though, the network does still trail behind Ethereum and Bitcoin.
DeGods Chain Switches
On December 27, 2022, DeGods and y00ts stirred up conflicting emotions among Solana enthusiasts by revealing its decision to step away from the blockchain come 2023.
During that same weekend, DeGods took to X to reveal its plan to migrate to Ethereum, while its counterpart, y00ts, disclosed its intention to transition to Polygon in the coming year.
Read more: DeGods and Y00ts to Open Cross Chain Bridge – NFT Plazas
In October 2023, the transition finally commenced. Impressively, an astonishing 4,600 y00ts holders migrated their assets from Polygon to Ethereum within the first seven hours of being feasible.
Additionally, the migration entailed the transfer of DeGods’ DUST token—utilized for trading and minting NFTs within its ecosystem—to the respective blockchains.
DeGods also took a step across the Bitcoin bridge on March 21, 2023, to capitalize on the success of Ordinals NFTs.
While some community members disapproved of the project’s shift away from Solana, others expressed enthusiasm—mirroring the sentiment during its switch back.
Want more? Connect with NFT Plazas
Join the Weekly Newsletter
Join our Telegram
Follow us on Twitter
Like us on Facebook
Follow us on Instagram
*All investment/financial opinions expressed by NFT Plazas are from the personal research and experience of our site moderators and are intended as educational material only. Individuals are required to fully research any product prior to making any kind of investment.
The post DeGods, y00ts Solana Return Sparks Price Surge—and Backlash appeared first on NFT Plazas.
Leave a Reply