Migration of DeGods NFTs from Solana to Ethereum
It is reported that since 9:30 p.m. EST on Friday, more than 5000 DeGods NFTs have completed the migration from the Solana blockchain to Ethereum. According to the relevant announc
It is reported that since 9:30 p.m. EST on Friday, more than 5000 DeGods NFTs have completed the migration from the Solana blockchain to Ethereum. According to the relevant announcement, Dust Labs will bear and pay all migration related gas fees within 24 hours after starting the migration. According to Cryptographic KOL @ Frankdegods, the first DeGods NFT to be migrated to Ethereum has been sold at a price of 11.1 ETH. According to OpenSea data, the current DeGods floor price is 9.555 ETH.
Data: Over 5000 DeGods have been migrated from Solana to Ethereum
The decentralized finance (DeFi) space continues to experience unprecedented growth as more and more investors are venturing into the sector. Non-fungible tokens (NFTs) have become an important part of the DeFi ecosystem, taking the digital art industry by storm. One such NFT is DeGods, which has recently completed migration from the Solana blockchain to Ethereum. Let’s dive deeper into this.
What is DeGods NFT?
DeGods is a popular NFT with a metaverse theme that offers unique features such as autonomous yield-generating capabilities, buyback burn mechanisms, and reflective distributions. Each DeGods NFT is a collectible representation of a god in the metaverse, with different rarity levels and unique traits. There are only 8888 DeGods NFTs in total.
What is the migration about?
The migration process of DeGods NFTs from Solana to Ethereum was initiated to improve the liquidity of the NFTs on both blockchains. This allows for more efficient trading and access to the NFTs for buyers and sellers. The migration is also aimed at providing better integration with other Ethereum-based DeFi protocols.
Migration process
The migration process of DeGods NFTs from Solana to Ethereum started on Friday, 9:30 p.m. EST. The entire process covered over 5000 DeGods NFTs, with Dust Labs bearing all related gas fees within 24 hours of starting the migration. The migration process is expected to provide a significant boost to the liquidity and trading activity of DeGods NFTs within the DeFi space.
Price action
According to Cryptographic KOL @Frankdegods, the first DeGods NFT to be migrated to Ethereum was sold at a price of 11.1 ETH. Subsequently, the current DeGods floor price is 9.555 ETH according to OpenSea data. This indicates a significant increase compared to the price levels before the migration of the DeGods NFTs. This price surge can be attributed to the increased integration and liquidity of the NFTs within the DeFi space.
Conclusion
The migration of DeGods NFTs from Solana to Ethereum is a significant development in the DeFi space. It provides a more efficient and integrated approach to the liquidity and trading of DeGods NFTs. The fact that Dust Labs paid all the related gas fees within 24 hours of the migration shows the commitment of the project towards the success of its NFTs. Investors can expect to see increased activity and more price movements within the DeGods NFT market moving forward.
FAQs
Q1. What is the current total supply of DeGods NFTs?
A1. There are only 8888 DeGods NFTs in total.
Q2. Why was the migration of DeGods NFTs initiated?
A2. The migration process was initiated to improve the liquidity of the NFTs on both blockchains and provide better integration with other Ethereum-based DeFi protocols.
Q3. Who bears the migration-related gas fees of the DeGods NFTs?
A3. Dust Labs bears and pays all migration-related gas fees within 24 hours of starting the migration.
This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/12686/
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.
Recommended articles
-
The Rise of Arbitrum: A New Challenger to Ethereum?
According to reports, data from Dune Analytics shows that the number of daily transactions of Arbitrum has exceeded that of Ethereum for six consecutive days since March 21. When A
-
Aptos Ecological DeFi Agreement Thala Raises $2.2 Million in Launchpad Platform Thala Launch Public Offering
On April 5th, it was reported that the Aptos Ecological DeFi agreement Thala has raised nearly $2.2 million through its Launchpad platform Thala Launch public offering, with a tran
-
When was Ethereum mined (When was Ether born)?
When was Ethereum mined? Ethereum experienced a major boom from 2013 to 2016, wh
-
Cryptocurrency Venture Capital Firm OP Crypto Raises $28 Million from 22 Investors
According to reports, cryptocurrency venture capital company OP Crypto has raised $28 million from 22 investors. Last year, OP Crypto announced that it was launching a $100 million
-
What is the coin withdrawal code like (what does coin withdrawal mean and what is its purpose)
Editor’s note: This article is from Liantazhiku, a chain tower think tank. The author is a team of chain tower analysts and is authorized by Planet Daily to publish. Preface: What is a coin withdrawal code like? For digital currency exchanges, it is a crucial indicator According to a report released by blockchain data company Chainalysis, the global revenue of Bitcoin miners exceeded $2 trillion in 2019, compared to only 5% in the first quarter of 2020. Therefore, from the second quarter of 2018 to the beginning of 2019, Bitcoin’s mining computing power reached a historic high of nearly 10 times. However, based on data since 2019, this growth has not been as fast, and due to its high fees and transaction costs, many investors are facing enormous risks. So we know why so much capital flows into the Cryptocurrency industry. But in fact, with the development of the market, these situations have also changed. For example, recently, many exchanges…
-
Alibaba Cloud to Launch Web3 Security Tools in April, Web3 Developers Rejoice
It is reported that Alibaba Cloud announced at the 2WEB3 FEST Summit held in Hong Kong that it will launch a series of out of the box Web3 security tools in April. This Web3 securi
-
ZkSync Era Chain Records Over 3 Million Transactions and 293.91% Increase
According to reports, according to official data from zkSync, the current transaction volume on the zkSync Era chain has exceeded 3 million transactions, reaching 3020478 at the ti
-
When did China start trading Bitcoin (when can China trade Bitcoin)
When did China start trading Bitcoin? According to CCN, when did China start trading Bitcoin? According to Bloomberg, the US exchange Bitstamp has announced a partnership with a UK entity called the ‘Digital Currency Custodian’ The exchange said: “We have conducted several surveys around the world to determine which companies are using Bitstamp for OTC trading and short selling.” Bitstamp is one of the largest spot Cryptocurrency platforms in the world, providing BTC, BCH and other tokens. It is currently unclear whether there will be any new actions. But the company added, ‘This may mean they no longer need traditional financial instruments to support their business’ and hopes to further consolidate their advantage as a market leader through their technological advantages. Since 2014, our team has been researching various products and services – Bitcoin ETFs (Bitcoin Exchange Traded Funds) to help customers understand this emerging asset class. When can China trade BitcoinAccording to Coindesk, insiders have revealed that when can…
-
What are the benefits of ETC currency (ETC currency dag)
What are the benefits of etc coin? In the blockchain industry, due to various reasons, users need to rely on different clients for operation and verification when using devices from different networks. Therefore, many project parties choose to use third-party software wallets or exchanges to avoid hacker attacks or other issues, which makes them unwilling to directly use their own systems that serve a specific service. Therefore, they often integrate related technologies such as DAPP and decentralized applications into their business logic So why do we say that waiting coins have such advantages? In fact, there are many factors that drive people’s use and development of ETHC coins, as well as how the technical framework behind it develops, including whether it can support smart contracts; Is there a scalability solution available; How to ensure safety; If there is no infrastructure that can implement Ethereum 2.0 protocol development etc coin dagAccording to the official news, on August 25, based on Ethereum’s…
-
Update 1.12 of 1-inch Android Terminal Wallet Brings Support for Ledger Hardware Wallets and WalletConnect v2
On March 31, it was announced that the 1 inch Android terminal wallet launched a version 1.12 update that added support for Ledger hardware wallets and WalletConnect v2.
1 inch And -
BTC Supply with a Last Active Period of More than 3 Years Reaches Historical High
According to reports, Glassnode data shows that the percentage of BTC supply with a last active period of more than 3 years has just reached 39.755%, setting a new historical high.
-
What does Bchcny mean (what does bc mean)?
What does Bchcny mean? Bitcoin Cash (BCH) refers to digital currency composed o
-
Why do coins have addresses and labels
Why do coins have addresses and labels? Why do coins have addresses and labels Why do coins have addresses and labels, such as big V, community leaders, super nodes, miners, and so on. The main reasons why such projects are so attractive are as follows: 1. Everyone in the coin circle wants to establish an ecosystem on the blockchain, but there are not so many users in this chain, which results in very few blockchain application scenarios; 2. Because most people believe that blockchain is a great thing and decentralization is impossible, many projects build ecosystems in this way. In a sense, if blockchain can make it easier for everyone to create and operate blockchain applications, it is a great tool that can help more people participate, thereby better improving the development level of the entire industry and user experience. 4. At present, blockchain is still in its early stages, but we can see that some mature application scenarios have…
-
Aspen Digital appoints Elliot Andrews, Head of Business Development, as CEO
On April 1st, Aspen Digital, a financial technology platform incubated by Everest Ventures Group, announced the appointment of Elliot Andrews as CEO (effective April 1st, 2023). El
-
OpenSea introduces new self-serve Drops agency contracts for creators’ art collections
It is reported that OpenSea has announced the introduction of self serve Drops (Self serve Drops) agency contracts, allowing creators to create art collections using new or standard agency contracts. OpenSea: Introducing a self-service Drop agent contract is expected to save 90% of gas costs Analysis based on this information:OpenSea, the largest marketplace for digital assets, recently announced the addition of self-serve Drops agency contracts, a service designed to allow creators to create art collections with ease. This fresh addition of service is available for artists who would like to maneuver their way into the digital art market using the most preferred protocol, blockchain. OpenSea is an online marketplace and peer-to-peer trading platform that provides a platform for digital assets; that is, it enables users to buy or sell these assets on its platform. This includes NFTs, which are digital assets that represent ownership of unique items or works of art, inspired by blockchain technology. The self-serve Drops agency contracts…
-
Why is XRP Coin So Cheap (XRP Coin Baidu Encyclopedia)
Why is XRP Coin So Cheap? It can bring more profits to people. In the world of c