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NFT News

y00ts NFT Migrates To Ethereum, Returns $3M Grant to Polygon

Popular NFT collection y00ts is moving from Polygon to Ethereum with plans to merge with DeGods.

Written By:
Gopal Solanky

Last updated: August 10, 2023 12:26 PM
Published August 10, 2023 12:26 PM
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Last updated: August 10, 2023 12:26 PM
Published August 10, 2023 12:26 PM
NFT project y00ts to return $3M grant as it ditches Polygon for Ethereum

One of the most popular NFT collection y00ts is migrating to Ethereum, just a few months after it choosing Polygon as its primary chain. This NFT collection was originally launched on Solana and it migrated to Polygon in March. 

1. y00ts will be migrating to Ethereum.

— y00ts (@y00tsNFT) August 9, 2023

y00ts officially announced on X that it will be ‘migrating to Ethereum’ citing they are returning 100% grants previously provided by Polygon.

The founder of the y00ts and DeGod Labs, Frank said,”We tried our best to make it work but we just need to bring our 2 communities together.” He also stated that Season 3 will be all about DeGods. 

DeLabs, the company behind the NFT project, also hints merging its another NFT project DeGods with y00ts. “We still love Polygon, It’s just time to unite the DeGods & y00ts communities,” says the announcement. 

In December 2022, DeLabs announced that y00ts will be moving to Polygon from Solana with Ethereum L2 Polygon offering a $3 million grant for the move. 

DeGods is currently the 6th biggest NFT collection in terms of market cap which is 87,150 ETH or approximately $161 million. 

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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TAGGED:Ethereum (ETH)NFTsPolygon
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Gopal Solanky - Crypto Research Analyst at The Crypto Times
By Gopal Solanky Sr. Crypto Journalist
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Gopal Solanky is a Research Analyst and Reporter with over 5 years of experience in DeFi, blockchain, crypto, IT, and financial markets. With a Bachelor's in Computer Applications, he brings a strong technical foundation to his analysis and reporting. Gopal focuses on breaking down complex topics for both seasoned investors and curious readers. His work has been referenced by publications like Business Insider and Vulture.com, highlighting his contributions to industry stories around topics like Huwak Tuah Memecoin and the FTX collapse.

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