yOOts NFT Project Migrates to Polygon
Solana’s biggest NFT projects are on the move to migrate to the Polygon. Almost 77% of migration is done and significant changes have been observed till now. Polygon network is going to be the new home of yOOts. Since the migration has started, it is getting heat in NFT and the crypto industry. According to the data released from Dune analytics, on March 30 the number of NFTs of yOOts is standing at 11,633. As, yOOts is offering its clients to collect rewards by putting their yOOts at stake, more than 9,456 yOOts have already been staked at the Polygon network. It is disclosed that approximately revenue of $766,000 has been yielded since this migration has taken place.
Y00ts is officially migrating #onPolygon
👀 Y00ts has completed over 75% of its migration in just over 24 HOURS. More than $464K of secondary sales volume has been generated since migration began👏🏾
Welcome home, @frankdegods & @y00tsNFT community💜
More: https://t.co/G6qhysj8j8 pic.twitter.com/4dLoLwlaBH— Polygon (labs) (@0xPolygonLabs) March 30, 2023
Migration Phenomenon
Polygon network is significantly assisting yOOts to make this migration happen. Management is adopting a very versatile carrot-and-stick approach for making this migration effective for overall 15,000 NFTs. Moreover, it was offered that BTC DeGod would be rewarded to the winner, who’ll make the move during the first 24 hours of migration. This offer was genuinely made for a sister project of NFTs, BTC DeGod. As of April 3, 2023 the holdouts will be subjected to face an increase of royalty fee by 33.3% which goes by the name of “Paper Hands Bridge Tax.”
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Leaving Solana, yOOts are on the move to join Ethereum Ecosystem which is considered to be the boarder collector pool. By Polygon network, the project will be entertained with distinguished features and crypto space. The home of the project will be consisting of Web3 projects and a big number of dApps. OpenSea, Uniswap and Aave along with distinguished enterprises like Adobe, Stripe and Robinhood will be the plus point of this migration.
yOOts and Polygon Network
Tohun Vora, the founder of yOOts said that yOOts being an NFTs project, affiliates many well-known cool brands with itself. And this migration of yOOts to the Polygon network is going to be unique of its kind. Polygon is a well-known blockchain platform that enables networks to scale and connect. Keeping Ploygon’s reputation in the crypto industry, the NFT project has decided to leave the Solana network and migrate to the Polygon Network. It is important to note that approximately 775 migrations are done so far.
