Verify a decision

{"actor":"system:backfill","investigation_id":"21555629-b4a7-4d86-852e-6fd2fa5d4799","kind":"publish","page_slug":"y00ts","published_at":"2026-05-21T18:54:38.524Z","sequence_num":1,"snapshot":{"content_type":"investigation","entity_name":"y00ts","sections":[{"content":"y00ts was created by Rohun Vora, operating pseudonymously as 'Frank,' the founder behind the earlier Solana NFT collection DeGods. The collection consists of 15,000 generative yeti-like avatar NFTs, built and designed by DeLabs (originally operating as Dust Labs) in Los Angeles. The project launched on September 2, 2022, and saw explosive early interest: mint sold out the night of September 5, 2022, with 160,000 SOL in volume recorded in the first 12 hours. Floor prices surged from approximately 30-40 SOL at mint to a peak of around 186 SOL (approximately $6,138 at the time), representing roughly a five-times return from mint price. Frank publicly revealed his real identity as Rohun Vora on November 29, 2022. Coinciding with the y00ts launch, Dust Labs raised a $7 million seed round in September 2022 from investors including FTX Ventures, Solana Ventures, Magic Eden, Metaplex, Foundation Capital, Jump, and Chapter One — with the round split 50/50 between equity and the DUST token.","heading":"Project Origins and Launch","severity":"low","sources":[{"credibility":2,"name":"Solana-based y00ts NFT collection launches; developers raise $7M in seed round — CryptoSlate","type":"news_article","url":"https://cryptoslate.com/solana-based-y00ts-nft-collection-launches-developers-raise-7m-in-seed-round/"},{"credibility":1,"name":"NFT Software Company Dust Labs Raises $7M During y00ts Release — CoinDesk","type":"news_article","url":"https://www.coindesk.com/business/2022/09/06/nft-software-company-dust-labs-raises-7m-during-y00ts-release"},{"credibility":2,"name":"Frank DeGods — IQ.wiki","type":"other","url":"https://iq.wiki/wiki/frank-degods"},{"credibility":2,"name":"From UCLA Drop Out to Head of an NFT Empire: The Frank DeGods Journey — NFT Evening","type":"news_article","url":"https://nftevening.com/from-ucla-drop-out-to-head-of-an-nft-empire-the-frank-degods-journey/"}]},{"content":"On December 25, 2022, DeLabs announced via the DeGods and y00ts Twitter accounts that both collections would leave Solana in Q1 2023 — DeGods migrating to Ethereum and y00ts to Polygon. The departure was closely associated with the collapse of FTX and Alameda Research in November 2022, which devastated Solana's ecosystem given Sam Bankman-Fried's extensive support for the chain. Critics in the Solana NFT developer community publicly objected to the exit, characterizing it as abandoning the ecosystem during its most critical period. Frank stated that the move was intended to open the collections to broader audiences and additional growth opportunities. The announcement came less than four months after y00ts launched on Solana.","heading":"Solana Departure — FTX Collapse Context","severity":"medium","sources":[{"credibility":2,"name":"DeGods and Y00ts NFT collections will leave Solana and migrate to Ethereum and Polygon — SiliconAngle","type":"news_article","url":"https://siliconangle.com/2022/12/27/degods-y00ts-nft-collections-will-leave-solana-migrate-ethereum-polygon/"},{"credibility":1,"name":"Why Solana Was Decimated by Bankman-Fried's Downfall — CoinDesk","type":"news_article","url":"https://www.coindesk.com/opinion/2022/12/28/why-solana-was-decimated-by-bankman-frieds-downfall"},{"credibility":2,"name":"Solana Loses DeGods and y00ts NFT Projects to ETH and MATIC — BeInCrypto","type":"news_article","url":"https://beincrypto.com/degods-y00ts-nft-collections-abandon-solana-migrate-ethereum-polygon/"}]},{"content":"In January 2023, DeLabs announced it had received a $3 million non-equity grant from Polygon Labs to facilitate y00ts's migration from Solana to Polygon and to support an incubator project. The migration itself launched on March 27-28, 2023, using a burn-and-mint bridge built on Wormhole. To incentivize migration, DeLabs imposed a 33.3% 'Paper Hands Bridge Tax' — a creator royalty fee on secondary sales, ten times the standard rate — on any holder who did not complete their migration by April 3, 2023. The penalty structure drew criticism for coercive framing. Despite the controversy, approximately 11,506 NFTs (nearly 77% of the 15,000 collection) bridged to Polygon within 24 hours, representing at least $37 million in floor value at the time. Early movers received gas fee reimbursement, $5 USDC per NFT listed on Magic Eden, and 30 days of fee-free trading. The Polygon blog confirmed migration progress at 77% completion.","heading":"The $3M Polygon Grant and Migration","severity":"high","sources":[{"credibility":2,"name":"Polygon Paid Y00ts Developers $3M to Migrate From Solana — BeInCrypto","type":"news_article","url":"https://beincrypto.com/polygon-paid-y00ts-developer-3m-to-migrate-from-solana/"},{"credibility":1,"name":"NFT Collection Y00ts Makes Anticipated Move From Solana to Polygon — CoinDesk","type":"news_article","url":"https://www.coindesk.com/web3/2023/03/28/nft-collection-y00ts-makes-anticipated-move-from-solana-to-polygon"},{"credibility":2,"name":"At Least $37M Worth of y00ts NFTs Migrate to Polygon From Solana in One Day — Decrypt","type":"news_article","url":"https://decrypt.co/124887/at-least-37m-worth-of-y00ts-nfts-migrate-to-polygon-from-solana-in-one-day"},{"credibility":1,"name":"Y00ts Migration to Polygon is 77% Complete — Polygon Blog","type":"official","url":"https://polygon.technology/blog/y00ts-migration-to-polygon-is-77-complete"}]},{"content":"On approximately August 9, 2023 — just four months after completing the Polygon migration — DeLabs announced that y00ts would abandon Polygon and migrate to Ethereum instead, to 'unite the DeGods and y00ts communities,' as DeGods had already migrated to Ethereum in April 2023. Critically, DeLabs announced it would return 100% of the $3 million Polygon grant. Polygon confirmed it would redeploy $1 million of the refunded funds to support native Polygon builders and creators. Research analyst Steven Zheng characterized the reversal as 'an admission that Polygon was a mistake.' Community response on X (formerly Twitter) was described as mixed, with most vocal community members supporting the move to Ethereum, but broader critics pointing to the pattern of chain-hopping as a sign of strategic incoherence. The y00ts Ethereum migration officially launched on October 15, 2023. The rapid reversal damaged DeLabs's credibility with the broader NFT development community, and highlighted questions about whether the Polygon migration was driven by financial incentive (the $3M grant) rather than sound technical or community reasoning.","heading":"Abandonment of Polygon — Grant Return and Ethereum Migration","severity":"high","sources":[{"credibility":1,"name":"Y00ts NFT Collection is Migrating to Ethereum After Accepting $3M Grant From Polygon — CoinDesk","type":"news_article","url":"https://www.coindesk.com/web3/2023/08/10/y00ts-nft-collection-is-migrating-to-ethereum-after-accepting-3m-grant-from-polygon"},{"credibility":1,"name":"NFT project y00ts to return $3M grant as it ditches Polygon for Ethereum — CoinTelegraph","type":"news_article","url":"https://cointelegraph.com/news/nft-y00ts-returns-polygon-grant-migrates-to-ethereum"},{"credibility":1,"name":"Polygon-based Y00ts NFTs to migrate to Ethereum, return $3 million grant — The Block","type":"news_article","url":"https://www.theblock.co/post/244060/polygon-based-y00ts-nfts-to-migrate-to-ethereum-return-3-million-grant"},{"credibility":2,"name":"y00ts NFTs Migrate to Ethereum after Ditching Polygon Blockchain — BeInCrypto","type":"news_article","url":"https://beincrypto.com/y00ts-migration-solana-polygon-ethereum/"},{"credibility":2,"name":"Y00ts NFT Collection to Return $3M Grant to Polygon as It Opts to Migrate to Ethereum — CoinSpeaker","type":"news_article","url":"https://www.coinspeaker.com/y00ts-nft-return-3m-grant/"}]},{"content":"On April 22, 2024, Frank shared a post on X showing developers testing a bridge back to Solana, signaling a fourth chain migration. In May 2024, DeLabs confirmed both DeGods and y00ts would return to Solana, with a bridge supporting multichain existence across Solana, Bitcoin, and Ethereum. The return to Solana drew both excitement and backlash within the community, which had grown fatigued by the project's repeated migration decisions. In September 2024, DeLabs launched the $DEGOD token on Solana — a hybrid NFT/memecoin mechanic that allowed holders to burn DeGods or y00ts NFTs in exchange for $DEGOD tokens (1 DeGod NFT = 550,000 $DEGOD; 1 y00t NFT = 120,000 $DEGOD). DUST tokens were also made burnable for $DEGOD. The stated purpose was to lower the barrier to entry for new community members. Critics noted this effectively undermined NFT rarity, as rare pieces now theoretically traded at the same base redemption value as common ones. The community remained divided on whether the memecoin pivot represented innovation or further dilution of the original NFT value proposition.","heading":"Return to Solana (2024) and the $DEGOD Token","severity":"medium","sources":[{"credibility":2,"name":"DeGods, y00ts Solana Return Sparks Price Surge and Backlash — NFT Plazas","type":"news_article","url":"https://nftplazas.com/degods-solana-return/"},{"credibility":2,"name":"DeGods Community Divided on Memecoin Pivot — SolanaFloor","type":"news_article","url":"https://solanafloor.com/news/degods-community-divided-memecoin-pivot-end-franks-chain-hopping"},{"credibility":2,"name":"DeGods Launches New $DEGOD Token on Solana — Authory/Nate Kostar","type":"news_article","url":"https://authory.com/NateKostar/DeGods-Launches-New-dollarDEGOD-Token-on-Solana-a61bb640f04d0435c9f96a039c01d7e24"},{"credibility":2,"name":"A Complete Guide to DeGods in 2024 — NFT Plazas","type":"news_article","url":"https://nftplazas.com/degods-guide-2024/"}]},{"content":"y00ts launched in September 2022 and saw floor prices peak at approximately 186 SOL (around $6,138 at the time) shortly after mint. As the NFT market broadly contracted through 2023 and 2024, floor prices declined sharply across all versions of the collection. The Polygon version of the collection saw additional liquidity fragmentation due to the multi-chain migrations. By 2025, the y00ts floor price on Solana was reported at approximately $79.89, with only approximately 7,956 NFTs held by 230 unique owners (out of a 15,000 supply) reflected in on-chain stats — indicating significant concentration or burn activity. Total market capitalization was reported at approximately $635,575. The DeGods sister project, which peaked above $37,000 per NFT, similarly fell to around $1,000 per NFT by the time of Frank's 2025 resignation. Price tracking services including CoinGecko, NFTPriceFloor, and CryptoSlam track the collection across its various chain versions.","heading":"Floor Price Trajectory and Value Decline","severity":"medium","sources":[{"credibility":2,"name":"y00ts (Solana) — NFT Price Floor Chart & Stats — NFTPriceFloor","type":"on_chain","url":"https://nftpricefloor.com/y00ts-solana"},{"credibility":2,"name":"y00ts (Solana) NFT Floor Price Chart — CoinGecko","type":"on_chain","url":"https://www.coingecko.com/en/nft/y00ts-solana"},{"credibility":2,"name":"y00ts Solana NFT tracker, sales volume, floor values — CryptoSlam","type":"on_chain","url":"https://www.cryptoslam.io/y00ts"},{"credibility":2,"name":"DeGods Ex-CEO Frank Under Fire After NFT Wallet Breach — BeInCrypto","type":"news_article","url":"https://beincrypto.com/degods-community-nft-sale-ceo-resignation/"}]},{"content":"On May 12, 2025, Rohun Vora (Frank) announced his resignation as CEO of DeLabs after more than three years leading the project, stating the move was intended to allow the project to grow independently of his persona. Leadership transferred to two pseudonymous figures known as @0x_chill and @pastagotsauce. Approximately three days after the resignation, Frank's Solana wallet was allegedly compromised: 16 DeGods NFTs were sold on Magic Eden, generating approximately 108 SOL (roughly $19,000) for whoever controlled the wallet at the time. Frank attributed the event to a laptop compromise and denied intentional sale. Community skepticism was significant: critics questioned why only DeGods NFTs were liquidated and not other assets from the same wallet, and pointed to suspicious timing immediately following the resignation. Frank published another Solana wallet address holding more than $50,000 worth of DEGOD ecosystem tokens to demonstrate continued alignment with the project. Decrypt reported on the incident with Frank's direct statement. No independent forensic analysis confirming the hack claim has been publicly published as of the time of this investigation. The market's initial reaction to Frank's resignation was paradoxically positive: y00ts floor price rose approximately 25% within 24 hours of the announcement.","heading":"Frank's Resignation and Disputed Wallet Incident (2025)","severity":"high","sources":[{"credibility":2,"name":"DeGods NFT Project's Rohun Vora Steps Away from CEO Role — CryptoNews","type":"news_article","url":"https://cryptonews.com/news/degods-nft-project-rohun-vora-steps-away-from-ceo-role/"},{"credibility":1,"name":"Frank DeGods announces retirement from popular y00ts and DeGods NFT projects — The Block","type":"news_article","url":"https://www.theblock.co/post/353994/frank-degods-announces-retirement-from-popular-y00ts-and-degods-nft-projects"},{"credibility":2,"name":"Mistakes Were Made From a Wallet Frank DeGods Controls: Founder Wallet Drained as He Exits — Decrypt","type":"news_article","url":"https://decrypt.co/320297/frank-degods-loses-solana-nfts-hack"},{"credibility":2,"name":"DeGods Ex-CEO Frank Under Fire After NFT Wallet Breach — BeInCrypto","type":"news_article","url":"https://beincrypto.com/degods-community-nft-sale-ceo-resignation/"},{"credibility":2,"name":"Frank Steps Down as DeGods CEO: Pudgy Moment Happen Again — NFT Evening","type":"news_article","url":"https://nftevening.com/frank-steps-down-as-degods-ceo-pudgy-moment-happen-again/"}]},{"content":"y00ts's migration history — Solana to Polygon (March 2023), Polygon to Ethereum (October 2023), Ethereum/back to Solana (May 2024) — represents one of the most documented instances of repeated chain migration in NFT history. Each transition disrupted secondary market liquidity, required holders to take active bridging steps, and in some cases imposed financial penalties (the Paper Hands Bridge Tax) for non-participation. The Polygon episode is particularly scrutinized because the $3 million grant was accepted, the migration was completed, and then the entire position was reversed within four months. The return of the grant was framed as responsible by the team, but critics including on-chain analysts characterized it as evidence that the Polygon migration was opportunistic rather than strategically considered. Solana-based NFT developers were vocal in criticizing the original departure in December 2022. Following each migration, community sentiment underwent a temporary positive reset before declining again as floor prices continued lower. The $DEGOD token launch in September 2024, which allowed NFTs to be burned for fungible tokens, further divided the community by undermining traditional NFT rarity economics. The May 2025 resignation of founder Frank and the subsequent wallet controversy added a final reputational layer to an already controversial run.","heading":"Community Trust and Pattern of Strategic Pivots","severity":"high","sources":[{"credibility":2,"name":"Chain Migration: Solana-Based NFT Projects DeGods and Y00ts — MEXC Blog","type":"news_article","url":"https://blog.mexc.com/chain-migration-nft-projects-degods-and-y00ts-creator-amber/"},{"credibility":2,"name":"Unraveling DeGods Season III and y00ts ETH Migration — NFT Now","type":"news_article","url":"https://nftnow.com/news/everything-to-know-about-degods-season-iii-the-y00ts-migration-to-eth/"},{"credibility":2,"name":"The Rise and Fall of DeGods: A New Era Begins After CEO's Departure — Airdrop Alert","type":"news_article","url":"https://airdropalert.com/blogs/degods-ceo-frank-steps-down/"},{"credibility":2,"name":"DeGods Community Divided on Memecoin Pivot — SolanaFloor","type":"news_article","url":"https://solanafloor.com/news/degods-community-divided-memecoin-pivot-end-franks-chain-hopping"}]},{"content":"The $7 million seed round announced in September 2022 included FTX Ventures as an investor, alongside Solana Ventures, Magic Eden, Metaplex, Foundation Capital, Jump, and Chapter One. FTX Ventures' subsequent collapse as part of the FTX exchange bankruptcy in November 2022 — just two months after the funding announcement — is relevant context for understanding DeLabs' subsequent decisions to exit the Solana ecosystem. The funding structure was split 50/50 between company equity and the DUST token, raising the question of how the FTX Ventures stake was treated following FTX's insolvency. No public reporting has confirmed the disposition of FTX Ventures' equity stake in DeLabs through the bankruptcy process. This investor relationship is noted as context; no direct allegations of wrongdoing have been made against DeLabs in connection with FTX.","heading":"Seed Funding and FTX Investor Exposure","severity":"medium","sources":[{"credibility":2,"name":"Solana-based y00ts NFT collection launches; developers raise $7M in seed round — CryptoSlate","type":"news_article","url":"https://cryptoslate.com/solana-based-y00ts-nft-collection-launches-developers-raise-7m-in-seed-round/"},{"credibility":1,"name":"NFT Software Company Dust Labs Raises $7M During y00ts Release — CoinDesk","type":"news_article","url":"https://www.coindesk.com/business/2022/09/06/nft-software-company-dust-labs-raises-7m-during-y00ts-release"},{"credibility":2,"name":"Solana NFT Startup Dust Labs Raises $7M as y00ts Tops NFT Charts — Decrypt","type":"news_article","url":"https://decrypt.co/109086/solana-nft-startup-dust-labs-y00ts"}]}],"sources_used":[{"credibility":1,"name":"Y00ts NFT Collection is Migrating to Ethereum After Accepting $3M Grant From Polygon — CoinDesk","type":"news_article","url":"https://www.coindesk.com/web3/2023/08/10/y00ts-nft-collection-is-migrating-to-ethereum-after-accepting-3m-grant-from-polygon"},{"credibility":1,"name":"NFT project y00ts to return $3M grant as it ditches Polygon for Ethereum — CoinTelegraph","type":"news_article","url":"https://cointelegraph.com/news/nft-y00ts-returns-polygon-grant-migrates-to-ethereum"},{"credibility":1,"name":"Polygon-based Y00ts NFTs to migrate to Ethereum, return $3 million grant — The Block","type":"news_article","url":"https://www.theblock.co/post/244060/polygon-based-y00ts-nfts-to-migrate-to-ethereum-return-3-million-grant"},{"credibility":1,"name":"Frank DeGods announces retirement from popular y00ts and DeGods NFT projects — The Block","type":"news_article","url":"https://www.theblock.co/post/353994/frank-degods-announces-retirement-from-popular-y00ts-and-degods-nft-projects"},{"credibility":1,"name":"NFT Collection Y00ts Makes Anticipated Move From Solana to Polygon — CoinDesk","type":"news_article","url":"https://www.coindesk.com/web3/2023/03/28/nft-collection-y00ts-makes-anticipated-move-from-solana-to-polygon"},{"credibility":1,"name":"NFT Software Company Dust Labs Raises $7M During y00ts Release — CoinDesk","type":"news_article","url":"https://www.coindesk.com/business/2022/09/06/nft-software-company-dust-labs-raises-7m-during-y00ts-release"},{"credibility":2,"name":"At Least $37M Worth of y00ts NFTs Migrate to Polygon From Solana in One Day — Decrypt","type":"news_article","url":"https://decrypt.co/124887/at-least-37m-worth-of-y00ts-nfts-migrate-to-polygon-from-solana-in-one-day"},{"credibility":2,"name":"Mistakes Were Made From a Wallet Frank DeGods Controls — Decrypt","type":"news_article","url":"https://decrypt.co/320297/frank-degods-loses-solana-nfts-hack"},{"credibility":2,"name":"DeGods Ex-CEO Frank Under Fire After NFT Wallet Breach — BeInCrypto","type":"news_article","url":"https://beincrypto.com/degods-community-nft-sale-ceo-resignation/"},{"credibility":2,"name":"Solana-based y00ts NFT collection launches; developers raise $7M in seed round — CryptoSlate","type":"news_article","url":"https://cryptoslate.com/solana-based-y00ts-nft-collection-launches-developers-raise-7m-in-seed-round/"},{"credibility":2,"name":"Solana NFT Startup Dust Labs Raises $7M as y00ts Tops NFT Charts — Decrypt","type":"news_article","url":"https://decrypt.co/109086/solana-nft-startup-dust-labs-y00ts"},{"credibility":2,"name":"DeGods and Y00ts NFT collections will leave Solana and migrate to Ethereum and Polygon — SiliconAngle","type":"news_article","url":"https://siliconangle.com/2022/12/27/degods-y00ts-nft-collections-will-leave-solana-migrate-ethereum-polygon/"},{"credibility":2,"name":"Polygon Paid Y00ts Developers $3M to Migrate From Solana — BeInCrypto","type":"news_article","url":"https://beincrypto.com/polygon-paid-y00ts-developer-3m-to-migrate-from-solana/"},{"credibility":1,"name":"y00ts Migration to Polygon is 77% Complete — Polygon Blog","type":"official","url":"https://polygon.technology/blog/y00ts-migration-to-polygon-is-77-complete"},{"credibility":2,"name":"DeGods, y00ts Solana Return Sparks Price Surge and Backlash — NFT Plazas","type":"news_article","url":"https://nftplazas.com/degods-solana-return/"},{"credibility":2,"name":"DeGods Community Divided on Memecoin Pivot — SolanaFloor","type":"news_article","url":"https://solanafloor.com/news/degods-community-divided-memecoin-pivot-end-franks-chain-hopping"},{"credibility":2,"name":"DeGods NFT Project's Rohun Vora Steps Away from CEO Role — CryptoNews","type":"news_article","url":"https://cryptonews.com/news/degods-nft-project-rohun-vora-steps-away-from-ceo-role/"},{"credibility":2,"name":"Frank DeGods — IQ.wiki","type":"other","url":"https://iq.wiki/wiki/frank-degods"},{"credibility":2,"name":"y00ts (Solana) NFT Floor Price Chart — CoinGecko","type":"on_chain","url":"https://www.coingecko.com/en/nft/y00ts-solana"},{"credibility":2,"name":"y00ts Solana NFT tracker, sales volume — CryptoSlam","type":"on_chain","url":"https://www.cryptoslam.io/y00ts"},{"credibility":1,"name":"Why Solana Was Decimated by Bankman-Fried's Downfall — CoinDesk","type":"news_article","url":"https://www.coindesk.com/opinion/2022/12/28/why-solana-was-decimated-by-bankman-frieds-downfall"}],"summary":"y00ts is a generative art NFT collection of 15,000 pieces created by Rohun Vora (known as 'Frank') and DeLabs, originally launched on Solana in September 2022. The project became notable not only for its peak valuations during the 2022 NFT boom but for an unusually turbulent migration history — leaving Solana for Polygon with a $3M grant, then abandoning Polygon for Ethereum after just four months and returning the grant, before ultimately migrating back to Solana in 2024. The project's credibility has been repeatedly questioned by its community following these pivots, the founder's May 2025 resignation, and a disputed wallet breach incident.","timeline":[{"date":"2022-09-02","event":"y00ts collection officially launched on Solana by DeLabs (then Dust Labs). Minted the night of September 5, generating 160,000 SOL in volume in the first 12 hours.","source":"CryptoSlate","source_url":"https://cryptoslate.com/solana-based-y00ts-nft-collection-launches-developers-raise-7m-in-seed-round/"},{"date":"2022-09-06","event":"Dust Labs announces $7M seed round including FTX Ventures, Solana Ventures, Magic Eden, Metaplex, Foundation Capital, Jump, and Chapter One.","source":"CoinDesk","source_url":"https://www.coindesk.com/business/2022/09/06/nft-software-company-dust-labs-raises-7m-during-y00ts-release"},{"date":"2022-11-29","event":"Frank publicly reveals his real identity as Rohun Vora via Twitter.","source":"IQ.wiki / NFT Evening","source_url":"https://iq.wiki/wiki/frank-degods"},{"date":"2022-12-25","event":"DeLabs announces via Twitter that DeGods will migrate to Ethereum and y00ts will migrate to Polygon in Q1 2023, citing the need to reach broader audiences following the FTX/Solana ecosystem collapse.","source":"SiliconAngle","source_url":"https://siliconangle.com/2022/12/27/degods-y00ts-nft-collections-will-leave-solana-migrate-ethereum-polygon/"},{"date":"2023-01-01","event":"DeLabs announces receipt of $3 million non-equity grant from Polygon Labs to support the y00ts migration and an incubator project.","source":"BeInCrypto","source_url":"https://beincrypto.com/polygon-paid-y00ts-developer-3m-to-migrate-from-solana/"},{"date":"2023-03-27","event":"y00ts begins Solana-to-Polygon migration using a Wormhole-based burn-and-mint bridge. A '33.3% Paper Hands Bridge Tax' is imposed on holders who do not migrate by April 3.","source":"Decrypt","source_url":"https://decrypt.co/124887/at-least-37m-worth-of-y00ts-nfts-migrate-to-polygon-from-solana-in-one-day"},{"date":"2023-03-28","event":"Within 24 hours of the migration launch, approximately 11,506 NFTs (77% of the collection, ~$37M floor value) bridge to Polygon.","source":"Decrypt","source_url":"https://decrypt.co/124887/at-least-37m-worth-of-y00ts-nfts-migrate-to-polygon-from-solana-in-one-day"},{"date":"2023-04-01","event":"DeGods completes migration to Ethereum.","source":"CoinDesk","source_url":"https://www.coindesk.com/web3/2023/08/10/y00ts-nft-collection-is-migrating-to-ethereum-after-accepting-3m-grant-from-polygon"},{"date":"2023-08-09","event":"DeLabs announces y00ts will abandon Polygon and migrate to Ethereum to unite with DeGods community. DeLabs simultaneously announces it will return 100% of the $3M Polygon grant.","source":"CoinDesk / CoinTelegraph / The Block","source_url":"https://www.coindesk.com/web3/2023/08/10/y00ts-nft-collection-is-migrating-to-ethereum-after-accepting-3m-grant-from-polygon"},{"date":"2023-10-15","event":"y00ts Ethereum migration officially launches. The collection is now on its third blockchain in approximately 13 months.","source":"BeInCrypto","source_url":"https://beincrypto.com/y00ts-migration-solana-polygon-ethereum/"},{"date":"2024-04-22","event":"Frank teases on X that DeLabs developers are testing a bridge back to Solana, signaling a fourth chain migration.","source":"DailyCoin / Bitget News","source_url":"https://dailycoin.com/degods-nft-solana-return-teased-a-year-after-ethereum-migration/"},{"date":"2024-05-01","event":"DeLabs confirms both DeGods and y00ts will return to Solana. A multichain bridge supporting Solana, Bitcoin, and Ethereum is announced.","source":"NFT Plazas","source_url":"https://nftplazas.com/degods-solana-return/"},{"date":"2024-09-01","event":"DeLabs launches the $DEGOD token on Solana, introducing a hybrid NFT/memecoin mechanic. 1 y00t NFT is redeemable for 120,000 $DEGOD tokens. Community response is divided.","source":"SolanaFloor","source_url":"https://solanafloor.com/news/degods-community-divided-memecoin-pivot-end-franks-chain-hopping"},{"date":"2025-05-12","event":"Rohun Vora (Frank) publicly announces his resignation as CEO of DeLabs. Leadership transfers to @0x_chill and @pastagotsauce. y00ts floor price rises approximately 25% within 24 hours.","source":"The Block / CryptoNews","source_url":"https://www.theblock.co/post/353994/frank-degods-announces-retirement-from-popular-y00ts-and-degods-nft-projects"},{"date":"2025-05-15","event":"Frank's Solana wallet is allegedly compromised three days after his resignation. 16 DeGods NFTs are sold on Magic Eden for approximately 108 SOL (~$19,000). Frank attributes the event to a laptop hack. Community skepticism is significant; no independent confirmation of the hack has been published.","source":"Decrypt / BeInCrypto","source_url":"https://decrypt.co/320297/frank-degods-loses-solana-nfts-hack"}]},"v":1}