2 Major NFT Projects Plan To Leave Solana

The exodus is on for Solana-based NFT projects as two of its big names are transitioning to Ethereum and its sidechain Polygon.

Judging by how Solana and its native token have struggled since the onset of the bear market, this comes as no surprise. The network has endured several outages and has been heavily affected by the downfall of FTX.

The two projects are Degods, which is moving to Ethereum, and Y00ts, which is bridging to Polygon. Both projects belong to Dust Labs, and the transitions are set to take place in early 2023. According to project leader FrankDeGods, it’s a way to “explore new opportunities.” Thus, they are taking “a calculated risk.”

In a tweet, Y00ts notes that “the details of the bridge will be released when it’s ready & tested. This has never been done before at this scale. We want to make sure that it’s airtight. In the meantime, we will be releasing a more formal roadmap for y00ts: Season 2 in January.”

If their tweets are anything to go by, the Dust team appears to be excited by the decision. In another tweet from the Y00ts account, the project notes “coming for the thr00ne” with The Boys characters Homelander and Billy Butcher staring at each other. On the video, you can see the words “No. 1 ETH project and No. 1 Polygon project (Degods/Y00ts) inscribed.”