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 DeLabs has promised to return the $3 million grant initially provided by Polygon Labs to support y00ts from Solana to Polygon. 
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<div class="cointelegraph"> 
 Non-fungible token project y00ts is again switching blockchain networks, only four months after bridging the majority of its NFTs from Solana to Polygon. 
 DeLabs, the NFT firm behind y00ts, announced&nbsp;via its X (Twitter) account on Aug. 9&nbsp;it will soon be migrating to Ethereum in line with its DeGods NFT collection. 
 <blockquote class="twitter-tweet"> 
 1. <a rel="noopener noreferrer nofollow" title="y00ts" href="https://thebittimes.com/tag/y00ts.html">y00ts</a> will be migrating to Ethereum.— y00ts (@y00tsNFT) August 9, 2023 
 </blockquote> 
 The NFT collection had mostly&nbsp;migrated&nbsp;from Solana to Polygon in April. The move was first initially announced in December, with the migration starting officially on March 28. By March 30, Polygon announced 11,633 of a total of 15,000 <a rel="noopener noreferrer nofollow" title="y00ts" href="https://thebittimes.com/tag/y00ts.html">y00ts</a> NFTs had been bridged. 
 DeLabs said the move was to unite its y00ts community with its DeGods community. DeGods had also announced it would be bridging off Solana in December and similarly began its migration from Solana to Ethereum at the start of April. 
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 <img src="https://cdn.thebittimes.com/images/2023/08/10/1c50f91dfe8d9a13081231e615d3b0f3.webp"> 
 <figcaption style="text-align: center;"> DeLabs’ listings of y00ts on NFT marketplace OpenSea. Source: OpenSea 
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 “We still love Polygon. It's just time to unite the DeGods &amp; <a rel="noopener noreferrer nofollow" title="y00ts" href="https://thebittimes.com/tag/y00ts.html">y00ts</a> communities,” <a rel="noopener noreferrer nofollow" title="y00ts" href="https://thebittimes.com/tag/y00ts.html">y00ts</a> wrote in a statement. 
 The team has also disclosed it will be <a rel="noopener noreferrer nofollow" title="return" href="https://thebittimes.com/tag/return.html">return</a>ing a $3 million <a rel="noopener noreferrer nofollow" title="grant" href="https://thebittimes.com/tag/grant.html">grant</a> from Polygon Labs, which it had received in January from the blockchain firm to support its migration. 
 “We're returning 100% of the grant provided by Polygon. The funds will be re-deployed for NFT ecosystem growth to empower builders and creators,” it said. 
 <blockquote class="twitter-tweet"> 
 1. We tried our best to make it work but we just need to bring our 2 communities together. I would appreciate it if everyone remains respectful of all parties involved. It’s all love. https://t.co/6AT4SMUT76— Frank (@frankdegods) August 9, 2023 
 </blockquote> 
 Related: Star Trek trademarks for NFTs: The final frontier 
 The news was met with mixed reactions by members of the NFT community. 
 Some industry pundits offered their support and backing behind NFT project founder FrankDeGods, while others expressed concern about the seemingly diminishing state of Polygon’s NFT ecosystem. 
 <blockquote class="twitter-tweet"> 
 Huge blow to the Polygon NFT ecosystem but organic NFT demand on Polygon seems nonexistent I support this choice, feels like it was a no brainer tbh Happy for y00t holders, this is an easy dub https://t.co/TwWtLTpq26— Iced (@IcedKnife) August 10, 2023 
 </blockquote> 
 According to NFT Price Floor, DeGods and y00ts currently boast the 6th and 22nd highest floor prices at 8.66 ETH ($16,065) and 1.35 ETH ($2,465) respectively. 
 Magazine: NFT Collector: Snoop’s NFT nostalgia, The Goose draws Gen Y to Sotheby’s 
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NFT project y00ts to return $3M grant as it ditches Polygon for Ethereum

TheBitTimes

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