The group behind y00ts and DeGods had been paid $3m to maneuver their collections off Solana and onto Polygon, in keeping 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.
Here’s a screenshot of our newest @y00tsNFT Discord announcement. pic.twitter.com/qWxjBsexv6
— Frank III (@frankdegods) January 6, 2023
The builders had beforehand introduced on Dec. 27 that the tasks can be transferring to Polygon. This was broadly seen as a doable loss of life blow to the Solana community, because the community was already beneath stress because of fallout from the collapsed FTX trade. Nonetheless, there was no proof on the time that the y00ts group had acquired cash in trade for making the transfer
Let’s examine the temperature on #solana now that the highest 2 NFT tasks are leaving $SOL.
Is Solana lifeless?
— Ben Armstrong (@Bitboy_Crypto) December 26, 2022
Vitalik Buterin has since argued that claims of the loss of life 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 group was supplied even bigger sums than it bought from the Polygon deal, however determined to associate with Polygon anyway as a result of it could be the perfect platform for the tasks. Frank additionally tried to preemptively reply to criticism that will 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 are going to use it successfully. We did this as a result of it’s probably the most thrilling route for y00ts as a challenge. Additionally, if you’re actually upset — all I ask is to simply channel that vitality into real questions earlier than simply robotically assuming the worst.”
Frank III additionally said that he’ll “not be buying any lambo” with the cash. In different phrases, the group is not going to be utilizing the cash for their very own consumption. As a substitute, the funds will allegedly go into hiring new staff for “enterprise improvement, graphic design, content material creation, and occasions coordination,” which he mentioned will enable the tasks to realize extra mainstream acceptance.
In the meantime, Solana might have recovered from the exodus of y00ts and DeGods, no less than for now, as meme cash like Bonk are attracting buying and selling exercise again onto the platform.
