Snowfall Protocol (SNW) never fails to impress; it's showing signs of a further rise in price. However, its competitor Solana (SOL) will lose two NFT projects, while Polygon (MATIC) is ready to execute new developments.
The Solana (SOL) community will be experiencing many major changes in 2023. One of them is the transfer of 2 Solana (SOL) based NFT projects, y00ts and DeGods, to Ethereum (ETH) and Polygon (MATIC) chains. The DeGods will migrate to Ethereum this year, and its sister NFT project, y00ts, will move to Polygon (MATIC) next year.
The DeGods' native token, DUST, will also move from Solana (SOL) to its new blockchain network. The token is used for minting and trading NFTs.
The announcement of NFT projects leaving Solana (SOL) has raised conflicts in the community.
Some community members disapprove of this move, while others believe it will be an upgrade for Solana (SOL) projects.
DeGods' project leader said that their project had been capped on Solana (SOL). Thus, it was making it difficult to grow in the kind of NFT ecosystem and growth opportunities provided by Solana (SOL).
The announcement hasn't made much difference to the Solana (SOL) price, and it is difficult to tell if the price changes will be positive or negative after NFT projects are transferred. The live price of Solana (SOL) is $25.04, which is 0.96% up within a day.
The Polygon (MATIC) network went through a hard fork on January 17, 2023. It developed a V0.3.1 Hard Fork to reduce gas fee spikes. Polygon (MATIC) developers wanted to upgrade the chain to provide a better user experience. They also shared that Polygon (MATIC) users will not have to do anything differently after the hard fork launch.
The entire process of using the new chain will be similar as before. The Polygon (MATIC) developer community first discussed the hard fork in December 2022. Another reason for Polygon (MATIC) hard fork development was to address reorgs or blockchain reorganizations. The reorgs issue has been causing already confirmed transactions on Polygon (MATIC) chain to become invalid, and replace them with new transactions.
Polygon (MATIC) has planned to reduce the sprint length of the network from 64 to only 16 blocks to deal with the reorg issues. Developers believe that this approach might boost the Polygon (MATIC) prices. However, currently, the token is trending at $0.9819, which is a 3.50% drop within a day.
Snowfall Protocol (SNW) became an attractive asset for investors and crypto enthusiasts due to its innovative cross-chain working framework. Interestingly, Snowfall Protocol (SNW) was introduced during the crypto winter, yet it managed to outperform other assets during its presales. The main intention of Snowfall Protocol (SNW) is to ease communication between different networks, be it non-EVM or EVM-based chains. Snowfall Protocol's (SNW) ecosystem also enables the transfer of NFTs and cryptocurrencies.
The platform offers multiple benefits for Snowfall Protocol (SNW) token holders, from governance rights to earning high interest on staking. (SNW) holders can also participate in monthly raffles, and can earn fees through any of the bridges available on the platform.
The project will also launch its user-friendly native wallet application. The project creators say that Snowfall Protocol (SNW) wallet will be a high-performing feature, allowing users to bridge their crypto assets on the go via any Android and iOS device.
The project is in its 4th presale stage, and its live price is $0.19, which is expected to cross $1 soon. Only a few days are left for its official launch, so buy Snowfall Protocol (SNW) token today, and enjoy great returns later.
get in while you can and invest in Snowfall Protocol (SNW) today!!!
Presale: https://presale.snowfallprotocol.io
Website: https://snowfallprotocol.io
Telegram: https://t.me/snowfallcoin
Twitter: https://twitter.com/snowfallcoin
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