{"id":43533,"date":"2023-01-07T10:16:19","date_gmt":"2023-01-07T14:16:19","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=43533"},"modified":"2023-01-07T10:19:14","modified_gmt":"2023-01-07T14:19:14","slug":"nft-project-received-3m-to-transfer-its-collection-to-polygon","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/nft-project-received-3m-to-transfer-its-collection-to-polygon\/","title":{"rendered":"NFT Project received $3M to transfer its collection to Polygon"},"content":{"rendered":"\n<h5 class=\"wp-block-heading\" id=\"h-delabs-the-startup-behind-popular-nft-projects-degods-and-y00ts-received-a-3-million-grant-from-polygon-to-migrate-blockchains\"><a href=\"https:\/\/coinscreed.com\/staging\/most-popular-nft-projects-in-2022.html\" target=\"_blank\" rel=\"noreferrer noopener\">DeLabs, the startup behind popular NFT projects DeGods and Y00ts<\/a>, received a $3 million grant from Polygon to migrate blockchains<\/h5>\n\n\n\n<figure class=\"wp-block-image size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/01\/croc_1673099505457-1024x576.jpg\" alt=\"NFT Project received $3M to transfer its collection to Polygon\" class=\"wp-image-43535\" srcset=\"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/01\/croc_1673099505457-1024x576.jpg 1024w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/01\/croc_1673099505457-300x169.jpg 300w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/01\/croc_1673099505457-768x432.jpg 768w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/01\/croc_1673099505457-150x84.jpg 150w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/01\/croc_1673099505457-750x422.jpg 750w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/01\/croc_1673099505457-1140x641.jpg 1140w, https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/01\/croc_1673099505457.jpg 1200w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">NFT Project received $3M to transfer its collection to Polygon<\/figcaption><\/figure>\n\n\n\n<p>According to a January 6 press release from the corporation, the team behind y00ts and DeGods received $3 million to transfer their collections from Solana to Polygon. The two projects' founder, Frank III, posted the statement on Discord and copied it on Twitter.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\nhttps:\/\/twitter.com\/frankdegods\/status\/1611399534470664193\n<\/div><\/figure>\n\n\n\n<p>The projects' relocation to Polygon was originally revealed by the developers on December 27. This was viewed as potentially being the final blow to the Solana network, which was already under stress from the effects of the <a href=\"https:\/\/coinscreed.com\/staging\/us-to-seize-robinhood-shares-related-to-ftx.html\" target=\"_blank\" rel=\"noreferrer noopener\">failed FTX exchange<\/a>. However, there was no proof that the y00ts team had been compensated for the decision at that time.<\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><div class=\"wp-block-embed__wrapper\">\n<div class=\"embed-twitter\"><blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">Let\u2019s check the temperature on <a href=\"https:\/\/twitter.com\/hashtag\/solana?src=hash&ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">#solana<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><g id=\"wpil-svg-outbound-7-icon-path\" fill=\"none\" clip-path=\"url(#clip0_31_188)\">\r\n                            <path d=\"M9.16724 14.8891L20.1672 3.88908\" stroke-linecap=\"round\"\/>\r\n                            <path d=\"M13.4497 3.53554L20.5208 3.53554L20.5208 10.6066\" stroke-linecap=\"round\" stroke-linejoin=\"round\"\/>\r\n                            <path d=\"M17.5 13.5L17.5 16.26C17.5 17.4179 17.5 17.9968 17.2675 18.4359C17.0799 18.7902 16.7902 19.0799 16.4359 19.2675C15.9968 19.5 15.4179 19.5 14.26 19.5L7.74 19.5C6.58213 19.5 6.0032 19.5 5.56414 19.2675C5.20983 19.0799 4.92007 18.7902 4.73247 18.4359C4.5 17.9968 4.5 17.4179 4.5 16.26L4.5 9.74C4.5 8.58213 4.5 8.0032 4.73247 7.56414C4.92007 7.20983 5.20982 6.92007 5.56414 6.73247C6.0032 6.5 6.58213 6.5 7.74 6.5L11 6.5\" stroke-linecap=\"round\"\/>\r\n                        <\/g>\r\n                        <defs>\r\n                            <clipPath id=\"clip0_31_188\">\r\n                                <rect fill=\"white\" height=\"24\" width=\"24\"\/>\r\n                            <\/clipPath>\r\n                        <\/defs><\/svg><\/span><\/a> now that the top 2 NFT projects are leaving <a href=\"https:\/\/twitter.com\/search?q=%24SOL&src=ctag&ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">$SOL<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><use href=\"#wpil-svg-outbound-7-icon-path\"><\/use><\/svg><\/span><\/a>.<br><br>Is Solana dead?<\/p>&mdash; Discover Crypto (@DiscoverCrypto_) <a href=\"https:\/\/twitter.com\/DiscoverCrypto_\/status\/1607466945183469569?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">December 26, 2022<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><use href=\"#wpil-svg-outbound-7-icon-path\"><\/use><\/svg><\/span><\/a><\/blockquote><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/div>\n<\/div><\/figure>\n\n\n\n<p>The founder of y00ts and DeGods, Frank III, said in this new statement that the team was approached with offers for even greater quantities of money than those included in the <a href=\"https:\/\/coinscreed.com\/staging\/jewel-bermuda-based-bank-to-launch-stablecoins-on-polygon.html\" target=\"_blank\" rel=\"noreferrer noopener\">Polygon partnership<\/a>, but chose to work with Polygon because it would be the ideal platform for the projects. <\/p>\n\n\n\n<p>Frank also made an effort to anticipate any criticism that might result from disclosing the payment made, saying:<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;We didn\u2019t take this deal for the money. That\u2019s just a nice bonus and we will use it effectively. We did this because it\u2019s the most exciting direction for y00ts as a project. Also, if you are really upset \u2014 all I ask is to just channel that energy into genuine questions before just automatically assuming the worst.\u201d<\/p>\n<\/blockquote>\n\n\n\n<p>Additionally, Frank III said he would &#8220;not be purchasing any Lambo&#8221; with the funds. In other words, the team won't spend the money on personal expenses. <\/p>\n\n\n\n<p>Instead, he said that the money will be used to hire new workers for &#8220;business development, graphic design, content creation, and events coordination,&#8221; which will help the initiatives become more well-known.<\/p>\n\n\n\n<p>At least temporarily, <a href=\"https:\/\/www.bing.com\/search?q=NFT+Project+received+%243M+to+transfer+its+collection+to+Polygon&cvid=27db6ea6e0a34ec1911d007ff2453fc1&aqs=edge..69i57j69i61.1008j0j1&pglt=2083&FORM=ANNTA1&PC=U531\" target=\"_blank\" rel=\"noreferrer noopener\">Solana appears to have rebounded from the y00t and DeGod exodus<span class=\"wpil-link-icon\" title=\"Link goes to external site.\" style=\"margin: 0 0 0 5px;\"><svg width=\"24\" height=\"24\" style=\"height:16px; width:16px; fill:#000000; stroke:#000000; display:inline-block;\" viewBox=\"0 0 24 24\" version=\"1.1\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" xmlns:svg=\"http:\/\/www.w3.org\/2000\/svg\"><use href=\"#wpil-svg-outbound-7-icon-path\"><\/use><\/svg><\/span><\/a> as meme coins like Bonk are bringing back trading interest to the platform.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>DeLabs, the startup behind popular NFT projects DeGods and Y00ts, received a $3 million grant from Polygon to migrate blockchains According to a January 6 press release from the corporation, the team behind y00ts and DeGods received $3 million to transfer their collections from Solana to Polygon. The two projects&#8217; founder, Frank III, posted the [&hellip;]<\/p>\n","protected":false},"author":43,"featured_media":43535,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[62],"tags":[8227],"class_list":["post-43533","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-nft-news","tag-nft-project"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/01\/croc_1673099505457.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/43533","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/43"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=43533"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/43533\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/43535"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=43533"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=43533"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=43533"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}