Polygon-based (MATIC) NFT assortment y00ts mentioned it might migrate to Ethereum (ETH) and return the $3 million grant it beforehand acquired from the layer2 community, in response to an Aug. 10 tweet.
y00ts didn’t present extra info on when the migration would happen. It mentioned:
“The migration date might be introduced shortly.”
In the meantime, the NFT assortment defined that it was migrating to the layer1 blockchain community as a result of it was “time to unite the DeGods & y00ts communities.”
The founding father of the initiatives, Rohun Vora, aka Frank DeGods, additional said that the transfer was essential to unite the communities on one community. He said:
“We tried our greatest to make it work however we simply have to convey our 2 communities collectively. I might respect it if everybody stays respectful of all events concerned.”
Nevertheless, DeLabs migrated the 2 initiatives in April—transferring DeGods to Ethereum, whereas y00ts went to Polygon.
Buying and selling quantity soars
Information of the deliberate migration has helped y00ts buying and selling quantity and ground value to extend within the final 24 hours.
In response to CoinGecko data, y00ts ground value jumped 7.6% to 1.83 ETH, round $3,365 as of press time, whereas its buying and selling quantity soared by greater than 350% to 171.15 ETH, roughly $316,604.
Nevertheless, Cryptoslam data exhibits that quantity is likely to be a lot larger, with the NFT information aggregator reporting $432,023 from 124 transactions.
In the meantime, its sister assortment, DeGods, noticed its buying and selling quantity and ground value drop throughout the identical interval, in response to CoinGecko data.
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