{"id":2525,"date":"2023-01-10T08:23:25","date_gmt":"2023-01-10T08:23:25","guid":{"rendered":"https:\/\/nftmetta.com\/?p=2525"},"modified":"2023-01-10T08:23:26","modified_gmt":"2023-01-10T08:23:26","slug":"polygon-paid-top-solana-projects-y00ts-and-degods-3m-to-migrate-chains","status":"publish","type":"post","link":"https:\/\/nftmetta.com\/polygon-paid-top-solana-projects-y00ts-and-degods-3m-to-migrate-chains\/","title":{"rendered":"Polygon Paid Top Solana Projects Y00ts and DeGods $3M to Migrate Chains"},"content":{"rendered":"\n

January 10, 2023<\/p>\n\n\n\n

By Sharan Kaur Phillora<\/p>\n\n\n\n

Top non-fungible tokens developer DeLabs got a $3 million grant from Polygon to migrate its NFT projects -DeGods and y00ts- to the layer-2 network from Solana<\/p>\n\n\n\n

Here’s what we know:<\/strong><\/p>\n\n\n\n

In a discord post<\/u><\/a>, the project leader Frank revealed y00ts got $3 million in a non-equity grant from Polygon for the migration.<\/p>\n\n\n\n

When the announcement<\/u><\/a> was made in December, Frank said the migration was because the projects had capped out on Solana. He added that It\u2019s hard to accept, but it\u2019s been tough to grow at the rate we want to grow. If Ethereum is where we have to go to keep growing, it\u2019s what we have to do.\u201d<\/p>\n\n\n\n

In the 30 days prior to the announcement, Y00ts were the top performing collection in terms of volume on the Solana blockchain. Their counterpart, DeGods, sat at #2 on this front.<\/p>\n\n\n\n

Frank DeGods shared a screenshot from the Y00ts Discord community<\/u><\/a>. It announced what the team plans to be doing with the money. Noting that he wouldn\u2019t be \u201cpurchasing a lambo\u201d, he confirmed that the money was provided to them via a grant to grow the DeLabs team, with a focus on the scaling of Y00ts\u2019 incubator to allow for users to spend \u2018Y00tpoints\u2019 on collections within the incubator.<\/p>\n\n\n\n

According to the statement, the funding will be spent on expanding the DeLabs team. It would also be used \u201cto kickstart and initially help scale the incubator\u201d the project was building for its NFT collections. According to Frank, the incubator will allow users to \u201cspend y00tpoints, and DePoints to mint [its] incubator\u2019s NFT collections.\u201d<\/p>\n\n\n\n

Besides that, the expansion will allow DeLabs to create higher quality projects and \u201cprovide actually cool partnerships\/deals\/discounts\/perks with real businesses.\u201d<\/p>\n\n\n\n

About the author<\/strong><\/strong><\/p>\n\n\n\n

Sharan Kaur Phillora\u2019s thirst for knowledge has led her to study many different subjects, including NFTs and Blockchain technology \u2013 two emerging technologies that will change how we interact with each other in the future. When she isn\u2019t exploring a new idea or concept, she enjoys reading literary masterpieces.<\/p>\n","protected":false},"excerpt":{"rendered":"

January 10, 2023 By Sharan Kaur Phillora Top non-fungible tokens developer DeLabs got a $3 million grant from Polygon to migrate its NFT projects -DeGods and y00ts- to the layer-2 […]<\/p>\n","protected":false},"author":1,"featured_media":2526,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/nftmetta.com\/wp-json\/wp\/v2\/posts\/2525"}],"collection":[{"href":"https:\/\/nftmetta.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nftmetta.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nftmetta.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nftmetta.com\/wp-json\/wp\/v2\/comments?post=2525"}],"version-history":[{"count":1,"href":"https:\/\/nftmetta.com\/wp-json\/wp\/v2\/posts\/2525\/revisions"}],"predecessor-version":[{"id":2527,"href":"https:\/\/nftmetta.com\/wp-json\/wp\/v2\/posts\/2525\/revisions\/2527"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nftmetta.com\/wp-json\/wp\/v2\/media\/2526"}],"wp:attachment":[{"href":"https:\/\/nftmetta.com\/wp-json\/wp\/v2\/media?parent=2525"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nftmetta.com\/wp-json\/wp\/v2\/categories?post=2525"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nftmetta.com\/wp-json\/wp\/v2\/tags?post=2525"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}