Solana’s two largest NFT projects move to Ethereum (ETH) and Polygon (MATIC) as SOL nears annual low
Ethereum (ETH) rival blockchain Solana (SOL) takes another bear market hit as the two largest non-fungible token (NFT) projects announce a migration to other chains.
On Christmas Day at almost the same time, Solana-based NFT projects y00ts and DeGods III announced on Twitter that they are building bridges to Ethereum and Polygon (MATIC) next year.
Both projects are made by Los Angeles-based NFT creator DeLabs. First millennia announced they bridge to the Ethereum scaling solution Polygon.
“y00ts will officially bridge to Polygon in Q1 2023.”
One minute later, DeGods III, the self-described number one community on Solana, made one the like announcement.
“DeGods will officially bridge to Ethereum in the first quarter of 2023.
The bridge is not the goal.
It’s on the way to get there.
The details of the bridge will be released once it is ready and tested. This has never been done before on this scale.
We will make sure it is airtight.
In the meantime, we’ll be releasing a roadmap for Season III in January (for real this time).”
According to crypto data from DappRadar, DeGods III is the top Solana NFT collection with $1.5 million in 24-hour sales volume. y00ts is the second largest collection with about half of DeGods’ sales volume of $786,000. Both collections are created by the same NFT artist, Rohun Vora, who goes by “Frank DeGods.”
SOL is currently trading at $11.99, down about 96% from its all-time high.
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Featured Image: Shutterstock/Alberto Andrei Rosu/WhiteBarbie
