The DeGods Team Asked The Solana Foundation For $5 Million To Stay
Key Points:
- Two top-performing Solana NFT projects, DeGods and y00ts, onto Ethereum and Polygon in a bid to expand their adoption.
- The project’s leader Rohun Vora, known as Frank, confirmed that two NFT projects will still remain on Solana for the time being, and in a separate post responding to a Twitter user confirmed that the bridge migration will be owner opt-in.
- In early December, rumors circulated on Twitter that the DeGods team asked the Solana Foundation for $5 million to stay on the network. However, Frank thinks this news is not authentic.
To increase the adoption of its two top-performing Solana nonfungible token (NFT) projects, DeGods and y00ts, Dust Labs is moving them to Ethereum and Polygon.
On December 25, it was revealed that both DeGods and y00ts would be officially bridged onto Ethereum and Polygon, respectively, in the first quarter of 2023.
The project’s leader Rohun Vora, known as Frank, said in a Twitter Spaces.
“It’s hard to accept, but it’s been tough to grow at the rate we want to grow. If Ethereum is where we have to go to keep growing, it’s what we have to do.”
In a separate post in response to a Twitter user, Frank confirmed that two NFT projects will still be present on Solana for the time being and that the bridge migration will be owner opt-in.
It was just a matter of getting the NFT projects on the platforms, according to Vora, who told 66,000 listeners during a December 26 Twitter space that he believes will lead to the next wave of NFT adoption.
Months of tension on NFT Twitter preceded the move, with some developers in the Solana NFT space condemning the exit while the collection’s owners largely applauded the action.
On Twitter, there were rumors that the DeGods team had asked the Solana Foundation for $5 million to stay on the network at the Miami Art Basel festival in early December. The amount was verified to CoinDesk by a Solana Foundation representative, but the DeGods team declined to comment on the request’s legitimacy.
However, the CoinDesk article immediately received a rebuttal from Frank, claiming that it was not authentic.
The announcement has only increased Solana’s increasing list of worries, as the ecosystem’s overall value has fallen by almost 97% as a result of the FTX crisis.
Anatoly Yakovenko, a co-founder of Solana, expressed his bittersweet sentiment that the two NFT initiatives will no longer “100% focus on Solana.”
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Harold
Coincu News
Author
NFTs News
The DeGods Team Asked The Solana Foundation For $5 Million To Stay
Key Points:
- Two top-performing Solana NFT projects, DeGods and y00ts, onto Ethereum and Polygon in a bid to expand their adoption.
- The project’s leader Rohun Vora, known as Frank, confirmed that two NFT projects will still remain on Solana for the time being, and in a separate post responding to a Twitter user confirmed that the bridge migration will be owner opt-in.
- In early December, rumors circulated on Twitter that the DeGods team asked the Solana Foundation for $5 million to stay on the network. However, Frank thinks this news is not authentic.
To increase the adoption of its two top-performing Solana nonfungible token (NFT) projects, DeGods and y00ts, Dust Labs is moving them to Ethereum and Polygon.
On December 25, it was revealed that both DeGods and y00ts would be officially bridged onto Ethereum and Polygon, respectively, in the first quarter of 2023.
The project’s leader Rohun Vora, known as Frank, said in a Twitter Spaces.
“It’s hard to accept, but it’s been tough to grow at the rate we want to grow. If Ethereum is where we have to go to keep growing, it’s what we have to do.”
In a separate post in response to a Twitter user, Frank confirmed that two NFT projects will still be present on Solana for the time being and that the bridge migration will be owner opt-in.
It was just a matter of getting the NFT projects on the platforms, according to Vora, who told 66,000 listeners during a December 26 Twitter space that he believes will lead to the next wave of NFT adoption.
Months of tension on NFT Twitter preceded the move, with some developers in the Solana NFT space condemning the exit while the collection’s owners largely applauded the action.
On Twitter, there were rumors that the DeGods team had asked the Solana Foundation for $5 million to stay on the network at the Miami Art Basel festival in early December. The amount was verified to CoinDesk by a Solana Foundation representative, but the DeGods team declined to comment on the request’s legitimacy.
However, the CoinDesk article immediately received a rebuttal from Frank, claiming that it was not authentic.
The announcement has only increased Solana’s increasing list of worries, as the ecosystem’s overall value has fallen by almost 97% as a result of the FTX crisis.
Anatoly Yakovenko, a co-founder of Solana, expressed his bittersweet sentiment that the two NFT initiatives will no longer “100% focus on Solana.”
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu
Website: coincu.com
Harold
Coincu News
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