NFT Y00ts Collection Leaves Polygon Network, Returns To Ethereum

NFT y00ts collection. (Photo; Doc. OpenSea)

JAKARTA - The popular Y00ts Non-Fungible Token Collection (NFT) is rumored to have left the Polygon blockchain network and returned to Ethereum. Initially, the y00ts were launched on the Solana network, this project had previously migrated to Polygon about four months ago.

The migration was supported by a US$3 million (Rp45 billion) grant from Polygon Labs. At the same time, DeLabs, the company behind the y00ts, confirmed that they would return the funds after making the decision to migrate again to Ethereum.

The decision to migrate again was mentioned in connection with another NFT collection managed by DeLabs, namely DeGods. DeLabs stated that they wanted to unite the DeGods and y00ts communities in one network.

"We still love Polygon. This is just the time to unite the DeGods & y00ts community," wrote DeLabs' announcement.

Currently, the exact date for migration has not been announced, but y00ts have promised to provide further information in the near future.

Although the release of y00ts from the Polygon network has raised concerns about the Polygon NFT ecosystem, Polygon still ensures that their NFT ecosystem remains strong.

Polygon co-founder Sandeep Nailwal stated that collaboration with the DeLabs team has helped expand the evolving Polygon NFT ecosystem. Nailwal insists that Polygon will continue to support the creators and original projects in their NFT community.

Currently, NFT Price Floor shows that DeGods and Y00ts have the highest price floor on their respective Ethereum networks of around 8.66 ETH (around Rp244 million) and 1.35 ETH (Rp37 million).