The popular NFT project DeGods, which previously had the highest market worth on the Solana blockchain, is now considering going back to its originating blockchain.
Rohan Vohas, also known as “Frank,” the founder, has recently posted a trial image suggesting a possible return of NFTs to Solana – the initial stage of their notoriety.
- When DeGods debuted in late 2021, Solana was approaching its peak price, and its NFT ecosystem was growing rapidly.
However, by the time it became Solana’s most valuable large-scale NFT project, SOL had significantly depreciated, and the broader NFT market was experiencing a downturn.
DeGods first announced its departure from Solana in December 2022 and revealed that it would be migrating to Ethereum.
This decision followed a tumultuous year for Solana, marked not only by prolonged outages but also by the Layer 1 blockchain’s entanglement in the turmoil surrounding the collapsed crypto exchange FTX. Vohra then said,
“It’s been debated that DeGods has reached its limit on Solana. This notion is difficult to swallow, but expanding at the desired pace has proved challenging. If we need Ethereum to continue our growth, then that’s the path we must take.”
- Now, with the landscape potentially shifting once again, the project is exploring the possibility of returning to its roots in Solana, where its journey began.
- The news has sparked a range of reactions, with some expressing skepticism and criticism towards the idea of moving back and forth between blockchains.
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2024-04-24 15:23