Welcome to the Tech Mem Right Home for Tuesday, December 27th, 2022. I'm Brian McCullough.

Today, not an exchange blowing up, but is one of the biggest crypto projects in recent years

losing developers and may be entering a death spiral. More supply chain

worries for Apple and China, more concerns about the accuracy and efficacy of

our new AI-Bot Overlords, and heads up about a new tech-hotness from China, say

hello to Temu.

It might be responsible for some of the presents you unwrapped recently.

Here's what you missed today in the world of

tech.

Salana-based NFT projects, DeGods and Utes, announced plans to leave the Solana ecosystem for

Ethereum and Polygon respectively. These were the top two NFT projects on

Solana, so that's super bearish for the whole sole ecosystem

as it might signal that ambitious projects no longer want to build on Solana and might view it as a potentially dying ecosystem,

quoting Coin Desk.

There's an argument to be made that DeGods has capped out on Salana.

The project's leader, Rohoun Vora, known as Frank, said in a Monday Twitter

spaces, it's hard to accept, but it's been tough to grow at the rate we want to grow.

If Ethereum is where we have to go to keep growing, is what we have to do."

The collections are two of the buzziest in the Salana NFT market with DeGods commanding a 515 soul or around $5,750 floor price at the time of writing, the largest in the ecosystem.

Utes, D. God's sister PFP collection that was released this fall has a 148 Sol or around $1660 floor price.

Sales of DeGods rose following the news with the collection's floor price increasing 12% as of Monday,

sales for UTS have stayed relatively calm,

...