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NFT News

DeGods Commences its Ethereum Migration

The network activity has increased by 2.7% since the announcement.

Written By Rajpalsinh
Published April 1, 2023 12:24 PM
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DeGods Commences its Ethereum Migration

The biggest Solana-based NFT collection, DeGods commenced its migration on the Ethereum blockchain on Saturday, according to the official announcement.

You can now migrate your DeGods to Ethereum.https://t.co/xn9gOwqn69 pic.twitter.com/keAVf8Hejd

— DeGods (@DeGodsNFT) April 1, 2023

For the initial 24 hours, the DeGods collection with cover ETH migration fees for all token holders. DeGods have urged users to keep patience during the process as the migration will take some time.

However, to dodge congestion during the migration of NFTs, one can pay additional gas fees to execute transactions as a priority. Also, users will need their own ETH for gas post-migration to the stake, buy and sell.

Furthermore, till 48 hours, there will be no charges for staking or unstaking DUST on the Ethereum network for DeGods.

A DeGod who moves within the initial 24 hours will be rewarded with a BTC DeGod. Later, all DeGods that have confirmed migrations on SOL will be captured in a snapshot, and the winner will be announced on the Discord server.

As of Wednesday, Y00ts, which is a sister project of DeGods, had started migrating to Polygon. Based on information from Dune Analytics, almost 80% of the Y00ts project had already finished the migration process.

According to CryptoSlam, DeGods proprietors accomplished more than $2.19 million in transactions only on Friday. This amount represents the largest sum since the NFTs were first produced in October 2021.

Also Read: Solana-based ‘DeGods’ NFTs joins Bitcoin Ordinals Trend

Disclaimer: The information researched and reported by The Crypto Times is for informational purposes only and is not a substitute for professional financial advice. Investing in crypto assets involves significant risk due to market volatility. Always Do Your Own Research (DYOR) and consult with a qualified Financial Advisor before making any investment decisions.

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