Bored Ape Yacht Membership Ripoff Shoots Up Following Viral YouTube Video

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Key Takeaways

A BAYC spinoff has seen its quantity explode within the final two days following a viral YouTube video claiming the unique assortment is racist.
YouTube influencer Phillion known as on BAYC holders to burn their NFTs and purchase new, non-racist RR/BAYC ones as an alternative.
RR/BAYC is a group spun up by Web artist Ryder Ripps, who had beforehand created CryptoPhunks.

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RR/BAYC, an NFT assortment looking for to “recontextualize” the Bored Ape Yacht Membership NFT sequence with out imagery perceived by some as offensive, noticed its buying and selling quantity explode soar after the discharge of an hour-long video by YouTube influencer Phillion criticizing the unique assortment.

“Recontextualizing” Bored Apes

A BAYC spinoff is seeing its buying and selling quantity explode following a viral YouTube video.

The NFT assortment, entitled RR/BAYC, is a spinoff of the well-known Bored Ape Yacht Membership (BAYC). Created by web artist Ryder Ripps, RR/BAYC noticed its buying and selling quantity shoot up from 3.6 ETH on June 19 to 2,861 ETH on June 21 on OpenSea.

The Bored Ape Yacht Membership is the preferred NFT venture of all time. Broadly adopted by celebrities together with Paris Hilton, Stephen Curry, and Jimmy Fallon, the most cost effective NFTs of the gathering reached an all-time excessive of 153.7 ETH ($420,430) on Might 1.

The sudden curiosity within the spinoff assortment could also be as a result of launch of an hour-long video entitled “BORED APE NAZI CLUB” wherein YouTube influencer Phillion criticizes BAYC founders Gargamel and Gordon Goner for “trolling” individuals into shopping for NFTs which in line with him comprise secret Nazi, racist and colonial imagery.

The video ends with Phillion encouraging BAYC holders to “burn” their NFTs to protest in opposition to Nazism and to as an alternative purchase from the RR/BAYC assortment, which Ripps claims to have put collectively to offer a non-racist and “recontextualized” different to the unique BAYC photographs. The video had greater than 440,000 views on the time of writing.

Phillion’s accusations have been primarily based on a January essay by Ripps. Ripps had beforehand hosted a Twitter area claiming the BAYC assortment was racist; he’s additionally the artist behind CryptoPhunks, a spinoff of the CryptoPunks wherein the historic NFTs are flipped (they give the impression of being to the left as an alternative of to the proper).

RR/BAYC appears to comprise the very same artwork as BAYC, apart from the truth that the gathering solely has 6,900 objects (as an alternative of 10,000). On the time of writing, its flooring value is at 0.55 ETH.

Disclosure: On the time of writing, the writer of this piece owned ETH and several other different cryptocurrencies.

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