BAYC Co-founder responds to the controversy over “BAYC ruined NFT”: Says the problem lies in the proliferation of copycat projects
BIBIBI
AT A GLANCE
Pranksy said that BAYC caused the public to equate NFT with ape projects, while Greg Solano attributed the problem to the proliferation of copycat projects.
Article
BAYC Co-founder responds to the controversy over “BAYC ruined NFT”: The real problem is the proliferation of copycat projects
BlockBeats reported that October 5，NFT whale Pranksy posted on X, stating that “BAYC ruined NFT”, claiming that NFT the technology itself was overshadowed by the branding of BAYC and other profile-picture projects, causing the public to ultimately equate NFT with ape projects, after which large numbers of copycat projects emerged in the market for years.
In response,BAYC co-founder Greg Solano said that Pranksy had sold assets that might originally have been worth USD for several million 500000000 USD at BAYC and continued promoting large numbers of counterfeit copycat projects. She had founded multiple NFT-related companies, but these projects have now all been removed from her profile. Greg Solano also angrily retorted: “Either become the change you want to see, or enjoy the wealth brought by BAYC.”
Original link https://m.theblockbeats.info/flash/370265
Key points
01
October 5, Pranksy posted on X, stating that “BAYC ruined NFT”。
02
Pranksy said that NFT the technology itself was overshadowed by BAYC the branding of profile-picture projects, after which large numbers of copycat projects emerged in the market for years.
03
Greg Solano responded that Pranksy had sold assets for several million USD that might originally have been worth 500000000 USD at BAYC and continued promoting large numbers of counterfeit copycat projects.
04
Greg Solano said that Pranksy had founded multiple NFT-related companies, but these projects have now all been removed from her profile.
05
Greg Solano said: “Either become the change you want to see, or enjoy the wealth brought by BAYC.”
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
This is a public dispute over the image of the BAYC and the NFT industry. Pranksy believes that profile-picture projects have obscured the NFT technology itself; Greg Solano countered that copycat projects and their promoters are the real problem. The statements in the article concerning asset values and past projects all come from Greg Solano’s response.
Why it matters to readers
The dispute concerns how the public understands NFT, as well as whether BAYC should bear responsibility for the widespread emergence of profile-picture projects and copycat projects, which may affect public perceptions of BAYC and the NFT sectors.
Beginners should distinguish between NFT technology,BAYC specific profile-picture projects of this kind, and copycat projects, and should not treat the public statements of either side in the dispute as verified conclusions.
Risks and unknowns
The original article provides no independent material verifying the amount for which Pranksy sold BAYC assets or their possible value.
The original article does not list the copycat projects promoted by Pranksy or the NFT-related companies she founded, so the relevant allegations cannot be verified from it.
The original article provides no data proving that BAYC caused the public to equate NFT with ape projects.
The original article does not explain whether the dispute has had any actual impact on the BAYC or the NFT market.
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Related concepts
NFT
Represents a non-fungible token for a unique digital asset and can be used to represent ownership of the digital asset.
