During an interview with TIME magazine, Vitalik Buterin compared the Bored Ape Yacht Club collection to a form of gambling.
Ethereum co-founder Vitalik Buterin is a person known for sharing his opinions on the most controversial topics in the crypto world and society in general. He recently demonstrated this in an interview with TIME magazine, during which he showed his dissatisfaction with the direction that the cryptocurrency is taking. NFT collection, Bored Ape Yacht Club (BAYC).
NFTs have been all over the headlines in recent months, with BAYCs taking centre stage, becoming the best-selling collection. However, Buterin seems to be not happy with the development of the collection, especially with regard to the prices they are reaching.
“The danger is that you have these apes that are worth $3 million and they become a different kind of game,” Buterin said during the interview.
The Ethereum co-founder also noted in his interview that the goal of cryptocurrencies It shouldn't be about playing with million dollar monkey illustrations, but to be truly useful to people in difficult situations and to do things that have a significant impact in the real world.
In this sense, Buterin believes that, if implemented incorrectly, crypto has the potential to become dystopianHowever, if used well it could have great uses such as creating a more transparent voting system, as well as use cases in urban planning or even for the implementation of a universal basic income.
Finally, he was asked what he would like to change about himself or the Ethereum network in the future, to which Buterin noted that he would like to take more risks and be less neutral. “I’d rather have Ethereum offend certain people, rather than us becoming something that doesn’t take sides on anything.”
Bored Ape Yacht Club and the Metaverse
To date, the Bored Ape Yacht Club are the NFT collection number one, both in volume, total market capitalization, floor price and popularity.
The hype about BAYC skyrocketed last week when Yuga Labs, the company behind the collection, launched its coin, APE CoinThe cryptocurrency was launched via an airdrop to all holders of an NFT in the collection.
On the other hand, yesterday Tuesday, March 22, Yuga Labs closed a financing round of $450 million, the largest closed by an NFT company to date, led by Andreessen Horowitz, Coinbase, MoonPay and Animoca Brands among others. The company intends to use this money to consolidate its leadership in the world of NFTs and also to build its own space in the metaverse. Yuga Labs' metaverse project, which has been in the works for over XNUMX years, is a project that aims to create a platform for the creation of ... Otherside name, will be an MMORPG that will connect various NFT universes, in order to create an interoperable, gamified, and completely decentralized world. Otherside will be limited to BAYC holders, as the team aims to open it up to other popular NFT collections.
