Polygon Paid y00ts NFT Collection $3 Million to Leave Solana

DeLabs, the startup behind top Solana NFT collections DeGods and y00ts, has revealed that it received a $3 million grant to move y00ts to the Ethereum sidechain Polygon.

According to a statement published on Discord by founder Frank, aka Rohun Vora, DeLabs will put the funds toward hiring efforts and launch a crypto incubator to support its NFT ecosystem.

Y00ts are a spinoff profile picture NFT collection from the DeLabs team, which first found success with its DeGods PFP collection on Solana.

The money seems to come with no strings attached besides the promised move to the new blockchain. Frank said the funds are coming in as a “non-equity grant,” meaning Polygon is not receiving a stake in DeLabs in exchange.

(By Kate Irwin)

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