Is Solana at the brink of a downfall? This final nail in SOL’s coffin could spell harm

December 27, 2022

By Suzuki Shillsalot

• Solana loses out its major NFT collections to Polygon and Ethereum

• Solana’s current state in terms of price and revenue remains bleak

Despite the FUD that surrounded Solana [SOL] over the past year, the interest in its NFTs remained strong. However, this interest in Solana NFTs might start to decline as major NFT collections, DeGodsNFT and y00tsNFTs plan to migrate to other blockchains.

Parting ways but how?

DeGods made an announcement on 26 December that the NFT collection will bridge to Ethereum in Q1 of 2023. However, the y00ts NFT collection, which is part of the same cohort, would be moving to Polygon. The reason for the move to these different blockchains has not been officially disclosed.

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