The crypto community was thrown into an exciting frenzy after reports indicated that the co-founder of Polygon, Sandeep Nailwal, has acquired the popular y00ts 2953 non-fungible token (NFT) for 30ETH.
Accordingly, the latest development has sparked widespread excitement, with NFT collectors rumored to speculate about Nailwal’s recent move. In addition, this also signifies a milestone in the increasing trend of ownership of digital collectibles and Web3-based collectibles.
Sandeep Nailwal’s acquisition of the y00ts 2953 NFT is striking, considering the rising status of Polygon in the digital asset space.
In addition, Nailwal’s recent investment is another feat in the history of Polygon. The y00ts NFT project has transitioned from its native Solana blockchain to the Polygon network toward the end of March.
According to data from on-chain platforms, Naiwal’s acquisition of the y00ts 2953 NFT for 30 ETH, or around $63,450.
Karnika E. Yashwant, with the alias Mr. KEY, sold the NFT to the Polygon co-developer. Thus, both have since changed their Twitter profiles to display the y00ts collection.
Y00ts is a generative digital art project that consists of about 15,000 NFTs. The project developers named it “their love letter to the Web3 community” to indicate its visual attraction.
Moreover, y00ts is designed to be operational writing, which its developers curated to contain the finest community of creators on the web.
Meanwhile, y00ts migration from the Solana blockchain to the Polygon ecosystem was initially slated to begin in December 2022. But the migration occurred at the end of last month.