NFT

NFT project accepted $3M to move its collection to Polygon

The crew behind y00ts and DeGods have been paid $3m to maneuver their collections off Solana and onto Polygon, in accordance with a January 6 announcement from the corporate. The assertion was made on Discord and copied to Twitter by Frank III, founding father of the 2 tasks.

The builders had beforehand introduced on Dec. 27 that the tasks could be transferring to Polygon. This was extensively seen as a potential dying blow to the Solana community, because the community was already below stress as a consequence of fallout from the collapsed FTX alternate. Nevertheless, there was no proof on the time that the y00ts crew had acquired cash in alternate for making the transfer

Vitalik Buterin has since argued that claims of the dying of Solana could also be exaggerated.

Associated: Polygon companions with Warner Music, LGND to create Web3 music platform

On this new assertion from Frank III, the y00ts and DeGods founder claimed the crew was provided even bigger sums than it acquired from the Polygon deal, however determined to associate with Polygon anyway as a result of it might be the most effective platform for the tasks. Frank additionally tried to preemptively reply to criticism that might come up from revealing the compensation acquired, stating:

“We didn’t take this deal for the cash. That’s only a good bonus and we’ll use it successfully. We did this as a result of it’s probably the most thrilling course for y00ts as a mission. Additionally, if you’re actually upset — all I ask is to only channel that vitality into real questions earlier than simply robotically assuming the worst.”

Frank III additionally acknowledged that he’ll “not be buying any lambo” with the cash. In different phrases, the crew won’t be utilizing the cash for their very own consumption. As a substitute, the funds will allegedly go into hiring new staff for “enterprise growth, graphic design, content material creation, and occasions coordination,” which he mentioned will permit the tasks to realize extra mainstream acceptance.

In the meantime, Solana could have recovered from the exodus of y00ts and DeGods, at the very least for now, as meme cash like Bonk are attracting buying and selling exercise again onto the platform.

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