Two of the best NFT projects in the Solana network DeGodsand Y00tsannounced that it will leave the ecosystem.
Since the news of FTX’s collapse wither The (LEFT) blockchain is in trouble. His situation is only getting worse as his supposed last hopes in NFT are also swept away. Their best projects are throwing themselves into new blockchains.
Top Two NFT Projects in Solana Are Leaving
The team behind popular NFT projects DeGods and Y00ts at Solana have confirmed they will be leaving the network.
DeGods, the Solana NFT project, said it will migrate to the Ethereum ecosystem in the first quarter of 2023. Also, DeGods stated that Ethereum is not the desired destination, but it is a step in the right direction.
DeGods will officially bridge to Ethereum in Q1 of 2023.
The bridge is not the destination.
It is on the path to get there. pic.twitter.com/Wy8CbGx5VZ
— DeGods III (@DeGodsNFT) December 25, 2022
Y00topia announced on its official Twitter page that it will switch to Polygon blockchain in the first quarter of 2023.
y00ts will officially bridge to @0xPolygon in Q1 2023. pic.twitter.com/Mnz25dJko1
— y00ts (@y00tsNFT) December 25, 2022
Solana, before the FTX collapse, Binance Coin(BNB), Cardano(ADA) and Ripple It was one of the ten largest cryptocurrencies by market cap, competing with (XRP). SOL currently ranks 16th with a market cap of $5 billion.
According to a report last month, SOL was the 9th largest cryptocurrency with a market cap of over $13.5 billion on November 5, trading at over $37.5. However, the collapse of FTX caused Solana to lose more than $8 billion in market capitalization.