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“The goal of crypto is not to play the game with millions of dollars of monkeys”: Ethereum founders take shots at the boring Ape Yacht Club

Non-substitutable tokens have grown in interest and value last year. Boring Ape Yacht Club It is one of the most popular and valuable collections.

This is one of them Ethereum (CRYPTO: ETH) The co-founder had to say about Bored ApeYacht Club.

What happened: The rise of NFTs has increased the price and use cases of Ethereum.

Ethereum co-founder Vitalik Buterin Interviewed by time In the cover story, I labeled him “Prince of the Code”.

Buterin said in an interview that the dangers of cryptocurrencies are increasing, including investor zeal and rising transaction fees.

“The cipher itself can be a lot of dystopia if implemented incorrectly,” Buterin said.

Ethereum co-founders continued to take apparent shots at the Bored Ape Yacht Club, an NFT collection created on the Ethereum blockchain in April 2021.

“The danger is that there are these $ 3 million monkeys, and that’s another kind of gambling.”

Buterin said many people are buying yachts and rambos, but hopes that crypto will be used for fair voting systems, city planning and basic income in the future.

“If we don’t speak out, only the ones that are immediately profitable will be built.”

Buterin, who has openly supported Ukraine during the invasion of Ukraine by neighboring Russia, emphasized the amount raised for the country through cryptocurrencies, again referring to the boring monkeys.

“The silvery lining of the situation over the past three weeks is that for many in the crypto space, the ultimate goal of crypto is to achieve rather than play games with millions of dollars of monkey pictures. It’s a reminder that it’s a meaningful effect in the real world, “Buterin emailed TIME on March 14, 2022.

Related links: “I didn’t even know who Tom Brady was” Ethereum’s Vitalik Buterin

Important reason: The Bored Ape Yacht Club is one of the most popular NFT collections and has rewarded its owners with additional airdrops and recently launched tokens last year. ApeCoin (CRYPTO: APE), BAYC holders could claim.

Comments from Buterin could confuse parts of the crypto community as they filmed the popular NFT collection. Ethereum has had a lot of success thanks to the rise of NFTs last year.

The most expensive Bored Ape transaction at OpenSea was 768 ETH, which was about $ 2.25 million based on Ethereum’s current price.

A rare golden fur boring monkey sells for $ 3.5 million Sotheby’s And over $ 2.8 million at the LooksRare NFT Marketplace.

The minimum price for Bored Apes at the time of writing is 102 ETH, or about $ 298,545. The $ 3 million label in the monkey photo could be a bit off the base, as the majority of BoredApeNFTs are trading below this level.

Bored Ape NFT owners, NFT investors, and external enthusiasts find that holding an NFT from a collection is very rewarding and is unlikely to be considered gambling at this time. recognizing.

Price action: Ethereum is trading at $ 2,847.23 at the time of writing.

Photo: Provided by TechCrunch on Flickr

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