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


The workforce 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 initiatives.

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The builders had beforehand introduced on Dec. 27 that the initiatives 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 below strain as a consequence of fallout from the collapsed FTX change. Nevertheless, there was no proof on the time that the y00ts workforce had obtained cash in change for making the transfer

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 workforce was provided even bigger sums than it obtained from the Polygon deal, however determined to companion with Polygon anyway as a result of it might be one of the best platform for the initiatives. Frank additionally tried to preemptively reply to criticism that might come up from revealing the compensation obtained, 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 essentially the most thrilling route for y00ts as a undertaking. Additionally, in case you are actually upset — all I ask is to simply channel that power into real questions earlier than simply routinely assuming the worst.”

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

In the meantime, Solana might have recovered from the exodus of y00ts and DeGods, not less than for now, as meme cash like Bonk are attracting buying and selling exercise again onto the platform.

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