y00ts NFT Migration: A Strong Start on Ethereum

The y00ts NFT collection has embarked on its migration journey from Polygon to Ethereum and is already making waves within the first 24 hours of the transition.

Building a bridge between worlds:
y00ts has taken a strategic step in building a bridge connecting the Polygon and Ethereum ecosystems. This digital channel, accessible through Phantom Shortcuts, marked the beginning of the migration process. While the technical specifics remain a bit of a mystery, it’s a promising step.

Numbers and Mechanisms:
On October 16, 2023, an impressive 4,600 y00ts holders jumped to Ethereum in a single day. The incentive to avoid gas charges and the chance to earn an extra ten y00t proved irresistible to many. OpenSea, a renowned NFT marketplace, lists these assets with a base price of around $1225 (or 0.775 ETH).
To facilitate this transition, y00ts has partnered with cross-NFT standard Wormhole Crypto. However, potential migrants should prepare for some waiting time as the Ethereum verification process can take up to an hour. There is also a transfer cap of 30y00ts per person.

Background and the $3 million decision:
Before switching from Polygon to Ethereum, y00ts called the Solana blockchain home. This transition was driven by a desire to unite the vast communities of DeGods and y00ts. Given DeGods significant presence on Ethereum, this move was a strategic choice to bring these digital powerhouses together.
Technical aspects aside, y00ts made a decision based on integrity by returning a substantial $3 million grant to Polygon, a move that resonated positively with the crypto community.

y00ts after migration:
Led by Dust Labs, y00ts isn’t just transitioning, it’s setting a precedent. Their vision of creating a diverse, vibrant NFT ecosystem that spans multiple blockchains is taking shape. Technical in nature, this migration shows the dynamic world of digital assets and the relentless pursuit of innovation.