DeGods (the NFT project formerly holding the largest market value of Solana) is considering a move back to the original blockchain.
Founder Rohan Vohra, who goes by the pseudonym ‘Frank’ recently shared a test picture of bridging NFTs back to Solana, indicating a potential shift back to the platform where it first gained prominence.
- DeGods launched late in 2021 as Solana neared its price peak and the NFT ecosystem was rapidly growing.
- SOL, however, had depreciated significantly, while the NFT market as a whole was in a slump.
- DeGods First announced In December 2022, it announced that the company would migrate to Ethereum.
- Vohra then said, “This decision follows a tumultuous and turbulent year for Solana. It was marked by not only extended outages but by the Layer I blockchain being entangled in the turmoil around the collapsed cryptocurrency exchange FTX. Vohra added,
“There’s an argument to be made that [DeGods] has capped out on Solana. It’s hard to accept, but it’s been tough to grow at the rate we want to grow. If Ethereum is where we have to go to keep growing, it’s what we have to do.”
- The project has been re-evaluated in light of the possibility that the landscape could change again. exploring The possibility of retracing its steps in Solana where it all began.
- News of the move has been met with a variety of reactions.
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Source: cryptopotato.com