The y00ts non-fungible token (NFT) project has announced that it will be migrating its base from Polygon to the Ethereum blockchain. Earlier this year, y00ts made the move from Solana to Polygon, but has now decided to migrate once again, this time to Ethereum.
The decision to migrate to Ethereum comes as y00ts aims to strengthen ties and foster unity between the DeGods and y00ts communities. The DeGods project, created by Los Angeles-based startup DeLabs, had previously migrated to Ethereum in April.
As part of the migration, y00ts will be returning a $3 million grant it received from Polygon earlier in the year. The specific date for the migration to Ethereum has not yet been disclosed.
Once the migration is complete, y00ts will join the DeGods collection on the Ethereum blockchain, consolidating the two projects that originated on Solana in October 2021.
Rohun Vora, also known as Frank, the mastermind behind both the DeGods and y00ts projects, expressed his intention to unite the two communities. He acknowledged the challenges and decisions that led to this shift, stating, “We tried our best to make it work but we just need to bring our 2 communities together.”
The upcoming Season III will be centered around the DeGods collection, with Frank inviting the y00ts community to show their support.
Polygon co-founder Sandeep Nailwal showed support for the decision, recognizing the role y00ts played in expanding Polygon’s NFT ecosystem. He stated, “Frank and team played a huge role in helping us expand the NFT ecosystem on Polygon. We will continue to nurture this community that’s tripled in size this year by redeploying the y00ts funds and more to support our native creators and projects we believe have the vision and conviction to help evolve NFTs, both as an artform and as a key to boundless utility.”
Upon the news of the migration, the floor price of y00ts NFTs momentarily spiked by 8% before dropping to 1.75000 ETH at the time of writing, according to CoinGecko data.
