Two of Solana’s top NFT projects, DeGods and y00ts, have announced that they will be leaving the blockchain in 2023, which is stirring up mixed sentiments in the crypto community.
Over the weekend, DeGods Announced on Twitter that it will migrate to Ethereum, while its sister project y00ts will move to Polygon early next year, the teams shared. The exodus will also see DeGods’ DUST token, used for trading and minting NFTs in their ecosystem, transferred to the respective blockchains.
The migration generated conflicting views among community members and the Solana NFT ecosystem as a whole, with some disapproving of the move, while others expressed enthusiasm and one person even referred to it as a “level up.”
“Earlier in the year, we noticed that a lot of the attention in the creator economy was focused on ETH and Solana,” Ryan Wyatt, CEO of Polygon Studios, told TechCrunch. “Therefore, we decided to go against the trend and focus on the untapped potential of web3 by bringing in large enterprise brands, DeFi platforms and gaming companies. We did this successfully through investments in ecosystem funds and the support of white glove associations.”
Polygon has gone to great lengths to make its Layer 2 blockchain a known home for crypto projects in the space. Earlier this year, Polygon announced partnerships with Starbucks and Disneywhile also having major brands such as prada and adidas launch NFT projects through its blockchain.
There is an argument that must be made that [DeGods] has peaked in Solana,” DeGods project leader and y00ts creator Rohun Vora, aka Frank, saying in a Twitter Spaces on Monday. “It is difficult to accept, but it has been difficult to grow at the rate that we want to grow. If Ethereum is where we need to go to continue to grow, it’s what we need to do.”
