Solana Ecological PFP Project DeGods Offers Migration to Ethereum Network

On April 1st, it was reported that the Solana Ecological PFP project DeGods has opened its migration to the Ethereum network to DeGods NFT holders, and DeGods will pay the migration gas fee within the first 24 hours. DeGods will waive the DUST pledge/cancellation fee on ETH within the first 48 hours. In addition, the Paper Hands Bridge Tax will become effective from April 3. All remaining DeGods and y00ts on Solana will be updated with a mandatory royalty of 33.3%. T00bs will remain on Solana and receive a 3.33% royalty. DeGods on Ethereum will receive a royalty of 0.33%.

DeGods is open for migration to the Ethereum network, where DeGods will charge a royalty of 0.33%

Are you looking for a better option to store your DeGod NFTs? You’re in luck because starting from April 1st, the Solana Ecological PFP project DeGods has opened its migration to the Ethereum network to DeGods NFT holders. Furthermore, DeGods will pay the migration gas fee within the first 24 hours, making it easier and cheaper for NFT holders to migrate.

What is the DeGods PFP Project?

Before diving into the migration process, let’s take a step back and understand what the DeGods PFP project is all about. DeGods are Solana-based PFP (Profile Picture) NFTs, which were launched in October 2021. The project gained popularity quickly, and the total value locked in the project reached over $30 million within the first week of launch.
The unique feature of DeGods NFTs is that they represent different gods and mythical creatures from various cultures worldwide. The team behind the project is dedicated to creating an ecosystem that not only supports the growth of the DeGods NFTs but also encourages community development.

What Are the Benefits of Migrating to Ethereum?

DeGods migration to Ethereum means that NFT holders can now store their DeGods NFTs on the Ethereum blockchain, away from Solana’s blockchain. The move to Ethereum opens up a world of opportunities for DeGods NFT holders. Firstly, Ethereum has a broader reach and is more widely accepted than Solana. Therefore, by migrating to Ethereum, DeGods NFT holders will have more options to trade, sell, and use their NFTs.
Secondly, Ethereum is known for its robust ecosystem and innovative features, such as smart contracts, decentralized finance, and decentralized applications. Migrating to Ethereum will provide DeGods NFT holders with access to all of these game-changing features.

How to Migrate to Ethereum?

If you’re a DeGods NFT holder, you’re probably wondering how to migrate to Ethereum. The process is relatively simple. Follow the steps below to migrate your DeGods NFTs to Ethereum:
1. Connect your Solana wallet to the bridge.
2. Choose the NFTs you wish to migrate and confirm the transaction.
3. Wait for the transaction to be confirmed on both the Solana and Ethereum networks.
4. Your DeGods NFTs are now on the Ethereum network!

What Are the Fees Involved in the Migration?

There are two fees involved in the migration process, the gas fee, and the DUST pledge/cancellation fee. The gas fee is the cost of processing the transaction on the blockchain, and it varies according to the blockchain’s congestion. DeGods will pay the migration gas fee within the first 24 hours, making it cheaper for NFT holders to migrate.
The DUST pledge/cancellation fee is the fee charged to cover the cost of guaranteeing that transactions would be executed. However, DeGods will waive the DUST pledge/cancellation fee on ETH within the first 48 hours, reducing the migration cost further.

What Are the Royalties Involved?

As part of the migration process, all remaining DeGods and y00ts on Solana will be updated with a mandatory royalty of 33.3%. This royalty fee represents the percentage of the sales that will be shared between the holders and the community treasury.
In contrast, T00bs will remain on Solana and receive a lower royalty of 3.33%. This decision was made due to the low supply and high demand for T00bs.
DeGods NFTs on Ethereum will receive a royalty of 0.33%, much lower than what is required on Solana. This decision was made as part of the project’s efforts to align with industry royalty standards.

Conclusion

The migration of DeGods NFTs to Ethereum is an excellent opportunity for NFT holders to explore the vast possibilities of Ethereum’s ecosystem. By migrating to Ethereum, DeGods NFT holders can enjoy a broader reach, access to innovative features, and more options to trade and sell their NFTs. The process of migration is straightforward, and with DeGods covering the migration gas fee and waiving the DUST pledge/cancellation fee, it is even more cost-effective.

FAQs

1. Will migrating to Ethereum affect my DeGods NFTs’ authenticity?
No, migrating to Ethereum will not affect your DeGods NFTs’ authenticity. Your DeGods NFTs will retain their original authenticity even after migration.
2. Why is the royalty for DeGods NFTs on Ethereum lower than on Solana?
The decision to lower the royalty for DeGods NFTs on Ethereum was made to align with industry royalty standards.
3. How long will DeGods pay the migration gas fee and waive the DUST pledge/cancellation fee?
DeGods will pay the migration gas fee within the first 24 hours and waive the DUST pledge/cancellation fee on ETH within the first 48 hours of the migration.