Y00ts has introduced that it has lastly launched the bridge from Polygon to Ethereum. Customers have till October 22, 2023, to finish the migration course of. It might take as much as an hour as a result of site visitors. Therefore, customers might need to be fast in initiating the migration course of. Y00ts is masking the gasoline charges for the primary day. Furthermore, customers who full the migration course of within the first 24 hours will stand an opportunity to obtain y00ts. The group has mentioned that it’s going to randomly distribute 10 y00ts to wallets.
Anybody who migrates their y00ts after the deadline, which is October 22, 2023, will face a royalty charge of 33.3% on Polygon. It has been termed the Paper Hand Bridge Tax.
The cross-chain NFT commonplace of Wormhole powers the migration course of. The hyperlink to the bridge is offered at Phantom Shortcuts. Y00ts solely must be held within the pockets; they don’t seem to be to be staked on ETH. Extra updates are anticipated to be introduced by Y00ts within the coming days.
As for the method, it includes the validation of bridge transactions on Polygon. It will occur solely after it has settled on the Ethereum Mainnet. Customers can mint NFTs after they’ve accomplished the migration course of.
The neighborhood has responded with combined reactions. A few of them hope for a easy course of, whereas others have expressed their confidence, saying there shouldn’t be any drawback. Many members have appreciated the efforts of Y00ts in having the ability to draw the replace in only a single week with none delay.
Y00ts has launched the bridge from Polygon to Ethereum, masking gasoline charges for the primary day. Customers have till October 22, 2023, to finish the migration course of. After the deadline, a royalty charge of 33.3% might be utilized. Customers can win y00ts in the event that they full the migration inside the first 24 hours.