Billy Markus, co-founder of the meme-cryptocurrency Dogecoin (DOGE), said that the ApeCoin (APE) coin associated with the ecosystem of the Bored Ape Yacht Club (BAYC) NFT project harms the segment of non-fungible tokens.
if you don’t agree that’s fine and i wish y’all well, but i would appreciate civil disagreement rather than attacking me or dogecoin, since that literally just proves my point about how adding a token to the space leads to toxicity, and toxicity hurts the brand and the NFT space
— Shibetoshi Nakamoto (@BillyM2k) March 18, 2022
According to him, such tokens quickly gain popularity, but then their price drops, which leads to a negative attitude of users.
“Sorry, I’m not a fan of ApeCoin, mainly because I think it hurts the NFT segment. Token communities tend to be hypertoxic and reckless,” Markus wrote.
The developer added that the audience may not agree with him, and urged to refrain from negative attitude towards him or Dogecoin. Otherwise, it will prove his position on toxicity, Markus noted.
On March 17, the BAYC team launched trading for ApeCoin, which will become the main asset not only for the NFT project ecosystem, but also for the company’s future products.
Among the holders of non-fungible tokens BAYC, MAYC and BAKC distributed 150 million APE.
According to the NFT marketplace opensea, over the past 7 days, BAYC token trading volume has jumped by 375%. MAYC and BAKC grew by 314% and 861%, respectively.
As a reminder, MEV bot operators have earned millions of dollars on the ApeCoin airdrop.
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