Solana’s DeGods Project: Migration to Ethereum Network
On April 1st, it was reported that the Solana Ecological PFP project DeGods has opened its migration to the Ethereum network to DeGods NFT holders, and DeGods will pay the migratio
On April 1st, it was reported that the Solana Ecological PFP project DeGods has opened its migration to the Ethereum network to DeGods NFT holders, and DeGods will pay the migration gas fee within the first 24 hours. DeGods will waive the DUST pledge/cancellation fee on ETH within the first 48 hours. In addition, the Paper Hands Bridge Tax will become effective from April 3. All remaining DeGods and y00ts on Solana will be updated with a mandatory royalty of 33.3%. T00bs will remain on Solana and receive a 3.33% royalty. DeGods on Ethereum will receive a royalty of 0.33%.
DeGods is open for migration to the Ethereum network, where DeGods will charge a royalty of 0.33%
The Solana Ecological PFP project, DeGods, has recently opened its migration to the Ethereum network to DeGods NFT holders. The DeGods project has been gaining popularity in the NFT community and the move to Ethereum is expected to further boost its growth. In this article, we will explore the details of the migration, the benefits for DeGods holders, and the implications of the project’s changes.
What is the Solana DeGods Project?
The Solana DeGods Project is a unique NFT project that is built on the Solana blockchain. The project features 10,000 NFTs, each with its own unique token design and properties. DeGods NFTs are becoming increasingly popular in the NFT community, and their overall value has been rising steadily.
Migration to Ethereum Network
On April 1st, 2022, it was reported that the Solana DeGods project had opened its migration to the Ethereum network. This means that DeGods NFT holders can now move their NFTs from Solana to Ethereum. DeGods will pay the migration gas fee within the first 24 hours of the migration. DeGods will waive the DUST pledge/cancellation fee on ETH within the first 48 hours. The migration to Ethereum is designed to make the project more accessible to a wider audience, as Ethereum is currently the most widely used blockchain for NFTs.
Benefits for DeGods Holders
The migration to Ethereum network brings several benefits for DeGods holders. Firstly, it offers a wider range of new opportunities for DeGods holders to participate in various DeFi activities. Secondly, DeGods holders will have the option to engage with the broader Ethereum ecosystem, which is currently the most active and established blockchain platform within the NFT space. Additionally, DeGods on Ethereum will receive a royalty of 0.33%, whereas DeGods and y00ts on Solana will need to update to a mandatory royalty of 33.3%, and t00bs will receive a 3.33% royalty.
Implications of Changes
With the migration to Ethereum, the Solana project is undergoing some changes that will affect the overall DeGods ecosystem. The Paper Hands Bridge Tax will become effective from April 3, 2022. This tax is designed to discourage short-term buying and selling of DeGods NFTs. All remaining DeGods and y00ts on Solana will be updated with a mandatory royalty of 33.3%, and t00bs will remain on Solana and receive a 3.33% royalty.
Conclusion
Overall, the migration to Ethereum Network is a significant step for the Solana DeGods project as it signifies its increased popularity and growth. DeGods NFT holders now have access to a broader range of opportunities on the Ethereum blockchain, and DeGods holders will be able to engage with the broader Ethereum ecosystem. While some changes are in place for the DeGods ecosystem, it is expected to lead to a more robust and dynamic ecosystem.
FAQs
Q1: What is going to happen to my DeGods on Solana?
A: All remaining DeGods and y00ts on Solana will be updated with a mandatory royalty of 33.3%.
Q2: What is the Paper Hands Bridge Tax?
A: The Paper Hands Bridge Tax is designed to discourage short-term buying and selling of DeGods NFTs.
Q3: Will t00bs be moving to the Ethereum network?
A: No, they will remain on Solana and receive a 3.33% royalty.
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