Another Blow for Solana: NFT Projects Abandoned the Network!

0

Having major problems after the FTX collapse wither Things are getting worse in the (SOL) network. According to the latest news, two valuable NFT projects in Solana are preparing to move to a different network. The DeGods project has announced that it will migrate to the Ethereum (ETH) network, while the y00ts project has announced that it will migrate to the Polygon (MATIC) network.

The creator of the projects, Rohun “Frank III” Vora, underlined that the projects will grow thanks to these transfers. The main purpose of these transfers to Vora is to “discover new opportunities”. The DUST token, which is used to buy, trade and print NFTs on the DeGods network, will also be bridged onto Ethereum and Polygon. According to Vora, two NFT project will remain on the Solana network for now. The founder also confirmed that the bridge crossing will be “optional”.

Solana Will Tackle Challenges in 2023

The network change of DeGods and y00ts is likely to trigger new problems for Solana. As Koinfinans.com reported, the number of active developers of the leading blockchain has dropped. It’s a common belief that Solana is mostly responsible for this. The number of active developers, which was 3,700 in January, decreased to 1,600. In the Solana ecosystem, there are now 75 developers instead of 2,453 developers.

That said, the network has important plans for its year. Solana will launch the mobile phone in 2023. Cryptocurrency This is undoubtedly a risky step for the project, as it represents a first-of-its-kind development in the industry. However, the cell phone launch, if executed successfully, will attempt to solve SOL’s woes.

In addition to this, the platform will also introduce JumpCrypto’s Fire Dancer, which will be available in 2023. The launch aims to increase speed while minimizing platform failures.

Source : watcher.guru

3 times read.


source site-7