Solana’s (SOL) top non-fungible token (NFT) projects, DeGods and Y00ts, on Monday announced to leave the network. DeGods said it will “bridge over” to Ethereum in the first quarter of 2023, while Y00ts will shift to Polygon around same time.
“The details of the bridge will be released when it’s ready and tested. This has never been done before at this scale,” both projects tweeted on Monday. “We want to make sure that it’s airtight.”
DeGods and Y00ts are the two most popular Solana NFT collections on the OpenSea market. The floor price for DeGods was 790 SOL ($8,900), and the floor price for Y00ts was 215 SOL on Tuesday.
Both NFTs were created by Rohun Vora, also known as Frank DeGods in the crypto industry.
Nexo In Talks To Buy Vauld
Crypto lender Nexo is talks with Vauld following its final takeover offer. The Singapore-based Vauld stopped withdrawals, trading, and deposits on its platform before filed for creditor protection. Nexo wrote to Vauld ceditors that it was considering restructuring options, Coindesk reported.
The letter was delivered to creditors on Monday. Earlier in the day, Vauld stated that the July arrangement with Nexo had "not materialised." But Nexo soon clarified the talks on the deal were ongoing. Vauld has until January 20, 2023, to complete its reorganisation plan.
CoinDesk claimed that Nexo delivered a modified proposal on December 2. The report said the conditions of the proposal provided to Vauld creditors were "misleading."
Bitget’s Trading Volume Surges 200 Per Cent
Since May 2022, the trading volume on the cryptocurrency exchange Bitget has surged more than 200 per cent. With more than 8 million users globally, Bitget succeeded in grabbing a sizeable chunk of the South Asian market, which led to an increase in retail users registering for the service.
Compared to other derivatives exchanges, Bitget's performance has helped it move up the rankings, from the top 20 to 5 now on Coingecko. Its global trade volumes have increased by more than 500 per cent (from $600 million to $5 billion).
