• y00ts, an NFT project developed by DeLabs, will be migrating from Polygon to Ethereum.
• The decision comes after DeGods migrated from Solana to Ethereum.
• Polygon Labs will redirect $1 million of the grant money to support “Polygon-native builders and creators.”
y00ts Migration from Polygon to Ethereum
NFT project y00ts will migrate from Polygon to Ethereum and return a $3 million grant in order to “unite the DeGods and y00ts communities”. This move is coming after DeGods, another project developed by Los Angeles-based DeLabs, began its migration from Solana (SOL) to Ethereum (ETH) at the start of April.
$3 Million Grant Returned
Polygon Labs had supported y00ts with a $3 million grant for team expansion and growth. However, as part of the migration process, y00ts has decided to return the entire grant with Polygon Labs redirecting $1 million of funds toward supporting “Polygon-native builders and creators”.
Support From Both Sides
Founder of DeLabs Rohun Vora expressed that shifting platforms makes sense for both projects: “We tried our best to make it work but we just need to bring our two communities together.“ He also tweeted that there is „all love“ between all parties involved and thanked Polygon Labs for being a partner for y00ts. Co-founder Sandeep Nailwal also showed his support towards Frank’s team saying they played a vital role in expanding Polygon’s growing NFT ecosystem.
Though most community members have shown their support for this decision, some concerns have arisen about potentially diminishing state of Polygons NFT ecosystem due to this move.
The date for the actual migration has yet been disclosed but it is expected that it will be announced shortly by the project leader Frank Vora or other officials connected with this movement.