In case you missed it, the Not Okay Bears NFT Assortment completely took over the NFT area this previous 24 hours. The gathering turned the highest assortment on OpenSea and LooksRare in a matter of hours. On the time of writing, OpenSea has delisted the mission and the NFT neighborhood is taking sides.
Who’s Not Okay?
The Not Okay Bears is mainly an Okay Bears knockoff on Ethereum. The unique mission builds on the Solana blockchain and has been probably the greatest promoting collections there. Beforehand, we solely see Solana knockoffs of Ethereum tasks. I suppose issues are totally different now?
Just like the left facing apes earlier, the Not Okay Bears are left dealing with Okay Bears. Apart from the 10k PFP NFTs, the project website can be much like the unique web site. At present, the mission has a flooring worth of 0.085 ETH on LooksRare with a buying and selling quantity of greater than 233 ETH. Within the face of delisting threats, the workforce is presently creating their very own market to maintain the ball rolling.
Are we okay with Not Okay Bears?
Because the Not Okay Bears mission started to climb the NFT leaderboards, a number of the neighborhood members expressed their disgust and frustrations. For example, BAYC and MAYC proprietor @BombNFTs cash the mission as ‘the whole lot flawed with this area’. The person feels that the neighborhood shouldn’t reward a mission with stolen artwork and near no effort in any respect. The mission can be not doxxed and has no roadmap. From the seems of it, many are on this camp.
Alternatively, the mission neighborhood continues to be raging over the OpenSea delisting. They’re demanding a solution as to why the 0xApes Trilogy and the Bored Ape Solana Membership are nonetheless reside on OpenSea whereas their mission just isn’t. These copycat tasks not solely commerce on OpenSea, however are verified tasks. Subsequently, it’s not shocking that the Not Okay Bears aren’t okay with this.
The very best factor to come back out of the Not Okay Bears is the donation in direction of the Psychological Well being Influence Index Fund. After the mission offered out, the mission shortly despatched 35.8 ETH to assist psychological well being consciousness. Subsequently, The Giving Block matched this donation by means of their #CaringWithCrypto marketing campaign. All in all, the by-product NFT mission introduced in additional than 70 ETH to assist this trigger. That is VERY OKAY in my books.
Nevertheless, one may also argue that 35.8 ETH is barely a small portion of the mint funds. If the mission is certainly a money seize, there are nonetheless loads of ETHs to run away with. To this point, Okay Bears is but to launch any statements or take any actions.
The market has loads of copycats and derivatives, in all sizes and styles. That are okay and which aren’t? I don’t assume there’s a blanket reply for now. So, which facet are you on?