NFT collection Y00ts plans Ethereum migration prompting 350% trade volume boom

Polygon-based (MATIC) NFT postulation y00ts said it would migrate to Ethereum (ETH) and instrumentality the $3 cardinal assistance it antecedently received from the layer2 network, according to an Aug. 10 tweet.

y00ts did not supply further accusation connected erstwhile the migration would occur. It said:

 “The migration day volition beryllium announced shortly.”

Meanwhile, the NFT postulation explained that it was migrating to the layer1 blockchain web due to the fact that it was “time to unite the DeGods & y00ts communities.”

The laminitis of the projects, Rohun Vora, aka Frank DeGods, further stated that the determination was indispensable to unite the communities connected 1 network. He said:

“We tried our champion to marque it enactment but we conscionable request to bring our 2 communities together. I would admit it if everyone remains respectful of each parties involved.”

DeGods and y00ts NFT collections were launched by DeLabs primitively connected Solana (SOL). The NFT collections became widely popular connected Solana and cemented its presumption arsenic a blue-chip integer asset.

However, DeLabs migrated the 2 projects successful April—moving DeGods to Ethereum, portion y00ts went to Polygon.

Trading measurement soars

News of the planned migration has helped y00ts trading measurement and level terms to summation successful the past 24 hours.

According to CoinGecko data, y00ts level terms jumped 7.6% to 1.83 ETH, astir $3,365 arsenic of property time, portion its trading measurement soared by much than 350% to 171.15 ETH, astir $316,604.

However, Cryptoslam data shows that measurement mightiness beryllium overmuch higher, with the NFT information aggregator reporting $432,023 from 124 transactions.

Meanwhile, its sister collection, DeGods, saw its trading measurement and level terms driblet during the aforesaid period, according to CoinGecko data.

The station NFT postulation Y00ts plans Ethereum migration prompting 350% commercialized measurement boom appeared archetypal connected CryptoSlate.