- DeGods and y00ts announced their departure from the Solana NFT platform.
- DeGods will officially bridge to Ethereum in Q1 of 2023.
- DeGods and y00ts will migrate to Ethereum.
The FTX fallout and a lot of speculation surrounding the Almeda research has also landed at Solana Labs. DeGods and y00ts announce their departure from the Solana NFT platform. This move comes as a result of DeGods and y00ts finding new blockchain platforms that better suit their needs.
DeGods will officially bridge to Ethereum in Q1 of 2023.— DeGods III (@DeGodsNFT) December 25, 2022
The bridge is not the destination.
It is on the path to get there. pic.twitter.com/Wy8CbGx5VZ
DeGods will officially bridge to Ethereum in Q1 of 2023. The details of this bridge will be released when it has been ready and tested. It is reported that it has never been done before at this large scale. They are releasing the Season III roadmap in January, to make sure that the transition is smooth.
The DeGods blockchain will continue to exist and operate on the new blockchains, while the y00ts blockchain will no longer be active on the Solana platform.
The team behind DeGods and y00ts has been working tirelessly on new projects that will be launched on new blockchains. These projects include a decentralized marketplace, a social media platform, and a gaming platform.
DeGods will migrate to Ethereum and attempt to compete with the ‘Big Dogs’ blue chip with the most volume in the NFT space. This decision was made after careful consideration and an assessment of the current and future landscape of the blockchain industry.
The team at DeGods & y00ts is proud of the progress it has made, and believes that this is the best course of action for the long-term health of the project.
This news comes as a surprise to many, as the DeGods and y00ts teams had previously stated that they were committed to the Solana platform and planned to stay for the long term.
The impact of the departure of DeGods and y00ts on Solana is still being assessed, but it is likely that a number of projects will migrate to the new blockchains in the near future.