The NFT Profile Picture (PFP) Project ‘y00ts’ by DeLabs overshadows all other crypto projects. They recently transitioned from the Polygon network to Ethereum Mainnet, fuelling discussions about these two powerhouses within the crypto markets. For new cryptos like DogeMiyagi (MIYAGI), which operates on the Ethereum DeFi blockchain, more investor confidence in the DeFi blockchain space can be positive. As more investors seek investments in crypto markets, they will narrow their search for the best value-based investments where MIYAGI shines.
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Can Ethereum Mainnet Surpass Polygon for NFT Projects?
DeLabs is at the intersection of art and technology. It has been a major player in the crypto markets, particularly with NFTs. NFTs stand for ‘non-fungible tokens.’ They are unique digital assets bought and sold on DeFi blockchain networks. The y00ts project by DeLabs involves customisable profile pictures that users can buy, own, and display. It has become a significant contributor to the growing trend of NFT ownership. The recent shift of y00ts from the Polygon network to Ethereum Mainnet has shocked the crypto market. It was a strategic move in tandem with the launch of DeLabs’ DeGods collection: a distinctive and exclusive NFTs collection. The crypto market responded as the floor price of y00ts on OpenSea surged from 1.7 ETH to an impressive 1.97 ETH, reflecting the growing demand and confidence in Ethereum, its token, and NFT collections.
Polygon or Ethereum To Power The Future Of NFT Collections
As NFT collections grow yearly, amassing over 10,000 pieces and counting, the DeGods collection stands tall as a testament to DeLabs’ creative prowess. With a price of 8.9 ETH, its premium price indicates its rank as the third most valuable PFP project. This achievement reaffirms the market’s embrace of DeLabs’ NFT collections, alongside its synergy with Ethereum Mainnet.
The shift from Polygon to Ethereum has raised intriguing questions about the two platforms’ capabilities. While Polygon has been celebrated for its scalability and low transaction fees, Ethereum Mainnet boasts a robust ecosystem and a more established reputation. DeLabs’ decision to migrate to Ethereum indicates that it offers a broader horizon for the growth of NFT projects, thus provoking discussions about Ethereum’s superiority.
Why DogeMiyagi is The Guiding Star on Ethereum For New Investors
MIYAGI operates on Ethereum’s network. Although it has plans for its own NFT marketplace in the future, it is not the priority now. In order to create a resounding case for its value, its emphasis is on value and community building. At presale, it trades at a steep discount at $0.000010. No doubt a mic-dropping price point, giving all other tokens a run for their money. For investors seeking an avenue to park money in crypto or to invest, MIYAGI screams and shouts value. With their focus on community-building, evidence of which is their referral programme. It will come as no surprise when they potentially unveil their NFT collection later.
Further testament to their community-building potential and prowess is the idea of their branding surrounding the popular Karate Kid movie. This can aid DeFi blockchains, not just Ethereum since it adds an air of familiarity. It can create a case for more crypto adoption, having a contender embedded in mainstream pop culture.
Final Thoughts
In conclusion, DeLabs’ transition of the y00ts project from Polygon to Ethereum’s Mainnet will undoubtedly add new energy to crypto markets via NFTs and DeFi blockchains. Ethereum Mainnet is reputed, with a vast ecosystem, and was bound to challenge the dominance of Polygon. However, MIYAGI remains steadfast in maintaining its own dominance in terms of presale value, referral programme and community-building potential. Moreover, it remains focused on building a strong, engaging community, which will be handy should it eventually unveil its own NFT collection. For investors seeking avenues for value-based investments, MIYAGI stands tall in that domain, with the potential for further market disruption.
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