NFT
After standard NFT collections DeGods and y00ts introduced that that they had switched from Solana Blockchain to Ethereum and Polygon Blockchain respectively, each the collections have seen a large soar of their quantity.
Following the announcement that DeGods could be switching to Ethereum, its day by day quantity elevated by 187% 📈
The common worth went up from 426 SOL to 566 SOL (+33%) pic.twitter.com/5UZZfiD5zP
— Nansen 🧭 (@nansen_ai) December 27, 2022
The day by day quantity of the DeGods assortment has elevated by 187%. The common worth has seen a soar from 426 SOL to 566 SOL which is equal to a rise of 33%.
As for y00ts, which might be switching to Polygon, its day by day quantity rose by 442%. The common worth of the gathering fell from 167 SOL to 155 SOL earlier than rising once more to 171 SOL.
As per stories, the DeGods workforce requested the Solana basis for $5 Million to remain on Solana. Nonetheless, Polygon paid the sum with a grant from its partnership fund.
The crypto evaluation agency Nansen stated:
We see loads of completely different reactions right here, as some holders have bought all of their DeGods whereas others are accumulating extra.
DeGod’s undertaking’s chief Rohun Vora, lately revealed in his Twitter House that the transfer was onerous to simply accept, however it’s been powerful for the undertaking to develop on the anticipated charge. Thus, if Ethereum is the place the undertaking must go to continue to grow, then the undertaking must do it, added Vora.
The departure of DeGods and y00ts main NFT initiatives have added to Solana’s already present miseries. With FTX’s collapse, issues have gone downhill for Solana. Actually, many have began questioning if Solana too will lose its relevance like Block.one’s EOS.