Polygon’s NFT space is booming as trade count surges, thanks to…

ambcrypto.com:

Polygon [MATIC] recently witnessed a major boom in its NFT ecosystem, suggesting growth. Santiment’s chart showed that Polygon’s total NFT trade count and trade volume in USD increased considerably since 16 March 2023.

Thanks to the increase in trade counts, the number of unique addresses holding NFTs have also increased. 

Source: Santiment

Read Polygon’s [MATIC] Price Prediction 2023-24

Things might get even better in the coming days as y00ts, one of the most popular NFT collections on Solana [SOL], announced that it will migrate to Polygon on 27 March. 

You will be able to migrate directly from our official website.

You will probably want to migrate within the first 24 hours.

There are benefits to being early. 1/ pic.twitter.com/z930Kr2kBD

— y00ts (@y00tsNFT) March 26, 2023

As per the announcement, users will be able to directly migrate from y00ts website. Not only can holders simply migrate, but they will also be rewarded for the same. In fact, h olders will be rewarded with $5 USDC per y00t listed on Magic Eden.

Additionally, the official tweet mentioned that y00ts is disapproving of further development for y00ts/DeGods on SOL.

The reason why this can help Polygon is that for the next 30 days, there will be no trading fees for y00ts on Magic Eden. Therefore, holders and new users can be motivated to buy or sell more, helping Polygon’s NFT ecosystem grow further. 

While y00ts will migrate to Polygon, the blockchain will be launching its much-awaited zkEVM. As the network prepares for the launch, it has started a bug bounty program.

The bounty program, which will be run by Immunefi, is one of the many safeguards in place for