Y00ts NFT Project Announces Switch from Polygon to Ethereum, Returning $3 Million Grant

In a shocking transfer, distinguished non-fungible token (NFT) undertaking Y00ts has introduced its intention emigrate from Polygon to Ethereum, marking a major shift for the undertaking. The choice comes simply months after Y00ts transitioned from Solana to Polygon earlier this 12 months, catching many within the crypto neighborhood off guard.

Y00ts, acknowledged for its revolutionary method to NFTs, revealed its plan to return a considerable $3 million grant that had been offered by Polygon in the course of the prior migration. The undertaking emphasised its enduring fondness for Polygon whereas explaining the choice to unite the DeGods and Y00ts communities on Ethereum. The precise migration date stays pending, with Y00ts promising a forthcoming announcement.

2. We’re returning 100% of the grant offered by Polygon.

The funds shall be re-deployed for NFT ecosystem development to empower builders and creators.

We nonetheless love Polygon. It’s simply time to unite the DeGods & y00ts communities.

— y00ts (@y00tsNFT) August 9, 2023

The upcoming transition will see Y00ts be part of forces with the DeGods assortment on the Ethereum blockchain. Each NFT initiatives originated on Solana in October 2021 underneath the steering of Rohun Vora, often known as Frank. This latest transfer follows DeGods’ profitable migration to Ethereum again in April.

Addressing the scenario, Frank conveyed the staff’s earnest efforts to keep up performance inside the Polygon ecosystem. Nonetheless, the rationale behind the transfer was to facilitate cohesion between the DeGods and Y00ts communities, a sentiment echoed in a tweet that burdened the spirit of unity amongst their consumer base.

1. We tried our greatest to make it work however we simply have to convey our 2 communities collectively.

I might respect it if everybody stays respectful of all events concerned.

It’s all love. https://t.co/6AT4SMUT76

— Frank (@frankdegods) August 9, 2023

As transparency is prioritized, it was disclosed that the forthcoming Season III shall be centered round DeGods. On this context, Y00ts’ neighborhood help for DeGods was solicited, with a promise of reciprocation within the type of heightened dedication to Y00ts 2.

The crypto area is thought for its dynamic nature, with tasks often adapting to evolving circumstances. Y00ts’ shift to Ethereum from Polygon signifies not solely a technological migration but in addition a strategic maneuver to reinforce neighborhood cohesion. As this transition unfolds, trade observers eagerly await the formal migration date and the next developments that can form the trajectory of each Y00ts and the DeGods assortment on the Ethereum blockchain.