Polygon

<a href="https://y00ts.com/" rel="noopener noreferrer nofollow">Y00ts</a>, one of the biggest NFT projects on Solana, has successfully completed 77% of its migration to a new home on the Polygon network.The number of bridged y00ts NFTs stood at 11,633 as of March 30, according to <a href="https://dune.com/polygon_analytics/y00ts" rel="noopener noreferrer nofollow">Dune analytics</a>. The project allows users to stake their y00ts to collect rewards and 9,456 have already been staked on the Polygon network. More than $766,000 of secondary sales volume has been generated since the migration began.The team is using a stick and carrot approach to encourage a speedy migration for all 15,000 NFTs. Holders who made the move in the first 24 hours were eligible to win a <a href="https://twitter.com/y00tsNFT/status/1640990425195466753?s&#61;20" rel="noopener noreferrer nofollow">BTC DeGod</a>, an NFT from a sister project. Starting April 3, the holdouts will be subject to a 33.3% “Paper Hands Bridge Tax,” a fine payable by increased royalty fees.https://twitter.com/frankdegods/status/1640839584572653568?s&#61;20Y00ts are leaving Solana to tap into a deeper pool of collectors in the broader Ethereum ecosystem. On the Polygon network, the project will share a home with tens of thousands of dApps and some of the biggest Web3 projects, such as Aave, Uniswap, and OpenSea and well-known enterprises, including Robinhood, Stripe and Adobe.“For an NFT project, being associated with a lot of cool brands, a lot of really smart builders, that just excited us,” y00ts founder Rohun Vora, known as <a href="https://twitter.com/frankdegods" rel="noopener noreferrer nofollow">Frank</a>, said on the Bankless <a href="https://www.youtube.com/watch?v&#61;8S9eikDCqzQ" rel="noopener noreferrer nofollow">podcast</a>. “It’s kind of a no-brainer in 2023 to be launching on Polygon.”Profile picture NFTs like y00ts saw unique wallets more than triple month-on-month, over 70% gain in transactions and more than 30% increase in secondary sales volumes in the period to March 15, according to data compiled by Polygon Labs. Much of the increase in the activity is happening on Magic Eden, a cross-chain NFT marketplace that late last year <a href="https://polygon.technology/blog/magic-eden-comes-to-polygon-to-accelerate-blockchain-games-development" rel="noopener noreferrer nofollow">joined</a> the Polygon ecosystem. NFT sales on Magic Eden more than tripled from the previous month to about $492,000, with projects like <a href="https://polygon.magiceden.io/collections/polygon/rektdogs" rel="noopener noreferrer nofollow">RektDogs</a> leading the way.For more data-driven insights on the Polygon ecosystem, tune into the Polygon Blog and our social channels.Together, we can build an equitable future for all through the mass adoption of Web3!<a href="https://polygon.technology/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/0xPolygon_Labs" rel="noopener noreferrer nofollow">Twitter</a> | <a href="https://twitter.com/0xPolygonDevs" rel="noopener noreferrer nofollow">Developer Twitter</a> | <a href="https://t.me/polygonofficial" rel="noopener noreferrer nofollow">Telegram</a> | <a href="https://www.reddit.com/r/0xpolygon/" rel="noopener noreferrer nofollow">Reddit</a> | <a href="https://discord.gg/XvpHAxZ" rel="noopener noreferrer nofollow">Discord</a> | <a href="https://www.instagram.com/0xpolygon/" rel="noopener noreferrer nofollow">Instagram </a>| <a href="https://www.facebook.com/0xPolygon.Technology" rel="noopener noreferrer nofollow">Facebook</a> | <a href="https://www.linkedin.com/company/13449964/admin/" rel="noopener noreferrer nofollow">LinkedIn</a>

Y00ts Migration to Polygon is 77% Complete

Polygon

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