Hassan Maishera
The Polygon team announced via a blog post on Thursday that Y00ts, one of the biggest NFT projects on Solana, has successfully completed 77% of its migration to a new home on the Polygon network.
The project allows users to stake their y00ts to collect rewards, and 9,456 have already been staked on the Polygon network. More than $766,000 of secondary sales volume has been generated since the migration began, Polygon Labs added.
Polygon (previously Matic Network) is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building multiple types of applications. MATIC is down by 2 % in the last 24 hours and is currently trading at $1.0972.
