The Top of the Line nft Collection y00tsDeGods’ sister project finally began its transition from Polygon to ethereum less than 24 hours ago.
After generating a lot of excitement since the bridge’s initial announcement in August, the chain breaker quickly attracted enormous attention. A staggering 4,600 y00ts holders migrated their assets from Polygon to ethereum within the first seven hours of being feasible via http://bridge.y00ts.com.
4600 y00ts have already migrated in the first 7 hours.
Thousands of people show up. pic.twitter.com/nLhjDD4Iej
– Frank (@frankdegods) October 16, 2023
Encourage early adopters to evolve
Enlisting 2000s collectors to quickly switch from Polygon to ethereum, the nft project generously covers all gas fees for first movers within the first 24 hours of viability.
To further incentivize early adoption, 10 y00ts NFTs will be randomly distributed to wallets that switch chains on the first day. Notably, such assets have a minimum price of approximately $1,225 (0.775 eth), according to OpenSea.
Additionally, prompting 2000s holders to act promptly over the next week, the nft project will impose a 33.3% royalty fee starting October 22.
tech Boosts and Upgrades Imminent
y00ts partnered with Wormhole crypto‘s cross-chain nft standard to facilitate this transition, offering a secure and efficient process for holders. Additionally, users can access all y00ts verified links with ease via Phantom shortcuts, including the popular bridge link.
However, it is important to note that ethereum validation can take up to an hour before minting, with a migration limit of 30 y00ts per user. The waiting room advises users to “just relax,” indicating that “the y00ts are in transit.” You can leave this page and come back later.” In comparison, minting on Polygon is much faster and validates such transactions in just a few seconds. System improvements are being worked on regarding this setback.
Another fundamental differentiation to note is that y00tpoints will operate exclusively on the ethereum network. No need to stake y00ts on eth; just keep them in a wallet.
y00ts’ dedication to becoming the leading cross-chain nft community is becoming a reality, with the goal of scaling through bitcoin after the completion of the Polygon and ethereum transfer. The overall goal of y00ts creators Dust Labs is to cultivate a diverse and thriving nft ecosystem, one of which is available on a multitude of blockchain networks.
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*All financial/investment opinions expressed by nft Plazas come from the personal research and experience of our site moderators and are intended to be educational material only. People should thoroughly research any product before making any type of investment.
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