Ethereum (ETH) rival blockchain Solana (SOL) is taking one other bear market hit as its two largest non-fungible token (NFT) tasks announce a migration to different chains.
On Christmas day at almost the identical time, Solana-based NFT tasks y00ts and DeGods III introduced on Twitter that they’re bridging to Ethereum and Polygon (MATIC) subsequent yr.
Each tasks are created by Los Angeles-based NFT creator DeLabs. First, y00ts introduced they’re bridging to Ethereum scaling answer Polygon.
“y00ts will formally bridge to Polygon in Q1 2023.”
One minute later, DeGods III, the self-described number-one group on Solana, made an identical announcement.
“DeGods will formally bridge to Ethereum in Q1 of 2023.
The bridge shouldn’t be the vacation spot.
It’s on the trail to get there.
The main points of the bridge will likely be launched when it’s prepared & examined. This has by no means been achieved earlier than at this scale.
We wish to make it possible for it’s hermetic.
Within the meantime, we will likely be releasing the Season III roadmap in January (for actual this time).”
In accordance with crypto information from DappRadar, DeGods III is the highest Solana NFT assortment with $1.5 million in 24-hour gross sales quantity. y00ts is the second largest assortment with about half of DeGods’ gross sales volumes at $786,000. Each collections are created by the identical NFT artist, Rohun Vora, who goes by “Frank DeGods.”
SOL is at present buying and selling for $11.99, down roughly 96% from its all-time excessive.
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Featured Picture: Shutterstock/Alberto Andrei Rosu/WhiteBarbie
