Y00ts, a non-fungible token (NFT) collection, has announced that it will be migrating away from Polygon and returning the $3 million grant it received from the Ethereum layer 2 earlier this year. Los Angeles-based startup DeLabs’ project DeGods had already migrated to Ethereum in April, and y00ts said it planned to do the same in order to unite the DeGods and y00ts communities. The date of the migration will be announced shortly, and DeGods also announced the upcoming release of a Season III collection in tandem with the migration news.
Prior to the announcement, sales of DeGods and y00ts made up nearly 70% of all Solana NFT sale volume, according to NFT marketplace Magic Eden. Y00ts had planned to use the grant money to fund its team expansion and continue to grow its project, but Polygon said it plans to re-deploy $1 million of the refunded grant to empower its native network of builders and creators.
We tried our best to make it work but we just need to bring our 2 communities together, said DeGods project leader, Rohun Vora, known as Frank. In a statement, Vora said that Polygon Labs had been a truly incredible partner for y00ts, but ultimately, they believed it made the most sense to be on the same chain as DeGods. Polygon co-founder Sandeep Nailwal said that Vora and his team were helpful in expanding Polygon’s growing NFT ecosystem.
Response to the announcement was mixed on X, formerly Twitter, though most community members sounded off in support of the move. Following the announcement, sales of y00ts NFTs were up while DeGods NFTs were down, according to data from OpenSea.