First, a brand new critique of the innumerable thefts of Bored Ape holders went viral. Laughing on the considered an apparent phishing web site convincing a Bored Ape holder to enter their non-public key, the claptrap earned hundreds of likes.
This critique hearkened to many profitable thefts of Bored Apes by even reasonably refined black hat coders. For a few years, gullible BAYC members have voluntarily clicked buttons of their wallets, visited malicious web sites, fallen for Ponzi schemes, and believed inauthentic messages about airdrops or migrations.
It has turn into one thing of a operating joke within the crypto neighborhood to poke enjoyable at BAYC members for poor operational safety (OpSec) and inexperienced crypto safekeeping.
A whole lot of hundreds of thousands in expenditures, nonetheless no Bored Ape membership
One other critique of BAYC went viral this weekend. Estimating the price of its yet-to-be-released metaverse and different advertising and marketing expenditures at practically half a billion {dollars}, somebody merely requested why the membership had not merely constructed a bodily membership for a fraction of that value.
All BAYC needed to do was construct a bodily membership in actual life unique to holders and visitors of Bored Apes then develop and add new places in different cities because the membership grew in reputation
As a substitute I believe they spent 500 million {dollars} on making a “metaverse” that hasn’t launched
— Cole (@ColeThereum) April 18, 2025
That apparent query earned 300,000 impressions and a whole lot of concurring feedback.
“This is lowkey facts,” mentioned one. “Will never see completion,” added one other commenter. “I’ve been saying this for years, and I will keep saying it,” mentioned one other.
As soon as a neighborhood holding cartoon footage on Ethereum’s blockchain price 153 ETH apiece or extra as of Might 1, 2022, the ground value for these Non-Fungible Tokens (NFTs) is now lower than 14.5 ETH.
Expressed in {dollars} throughout that point interval, the ground value of BAYC NFTs has declined 95% from $436,000 to $23,700.
