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Here is Why DeGods and Y00ts Will Go away the Solana Blockchain in 2023

The Solana blockchain’s efficiency has continued to wane all through the second half of 2022, prompting a few of its most influential gamers to hunt alternatives elsewhere. At first, solely platforms like Magic Eden introduced intentions to go cross-chain to broaden their horizons. Now, two of essentially the most outstanding PFP initiatives on Solana, DeGods and y00ts, have introduced their imminent departure from the blockchain.

The information got here from the DeGods and y00ts Twitter pages on December 25, with every releasing a easy assertion of intention to bridge off of Solana in 2023. Though each initiatives exist underneath the identical umbrella, they are going to be (technically) parting methods, as DeGods bridges to Ethereum and y00ts to Polygon.

The reasoning behind the transfer

Whereas this newest information would possibly shock some, throughout the overarching DeGods and y00ts neighborhood, it solidifies months of rigidity and speculation. Though particulars surrounding the timing and technique of the forthcoming transitions have but to be revealed, the NFT area has turned consideration towards the initiatives’ creator Rohun Vora, identified in Web3 as Frank III.

In a video posted to his Twitter account, Vora addressed the Solana NFT neighborhood, thanking religious SOL collectors for his or her assist and stating that he and his workforce realized that to develop, they would want to discover new alternatives. “We consider now could be the time to take a calculated threat and embark on a brand new journey,” stated Vora. He closed the video by noting that whereas the bridging of DeGods and y00ts is ready to occur in late Q1, extra particulars and roadmaps can be obtainable in early January.

Following his video, Vora additionally participated in a Twitter space the place he answered questions and supplied extra context to the announcement. Within the area, he made parallels between streaming providers (like Netflix and HBO Max) contending for mental property and blockchains racing to create essentially the most sturdy NFT platforms. He additionally famous that an argument may very well be made that DeGods had capped out on Solana, saying, “It’s laborious to just accept, nevertheless it’s been robust to develop on the price we need to develop. If Ethereum is the place we’ve got to go to continue to grow, it’s what we’ve got to do.”

The place do DeGods and y00ts go from right here?

Whereas the DeGods and y00ts migrations might sound easy in observe, such a high-profile and high-volume information transference from one blockchain to a different will undoubtedly include roadblocks. Equally, every may have its personal distinctive difficulties. Whereas y00ts’ transfer to Polygon can be dealt with through the Polygon partnership fund — as reported by CoinDesk through a DeGods consultant — the Ethereum bridge is considerably unprecedented.

When initiatives do decide to bridge outward from their blockchain of origin (usually Ethereum), akin to what Doodles is planning with Doodles 2, they usually achieve this by means of a layer two blockchain (i.e., Polygon for Doodles 2) whereas nonetheless sustaining the unique assortment on stated blockchain of origin. However the DeGods transfer will search to not bridge over to a layer two however to cross chains utterly from Solana to Ethereum, absolutely bringing with it a bunch of hurdles.

But, as DeGods is taken into account by many to be one of the crucial inspiring comeback stories within the NFT area, the neighborhood assist for this newest transfer is prone to persist. Having remained towards the highest of the Solana NFT value charts, whereas some are understandably disheartened by the information, the rising PFP empire helmed by Vora has solely continued to develop in its wake.

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