The co-creator of Ethereum, Vitalik Buterin, is somewhat known for his strong opinions on matters related and unrelated to cryptocurrencies.
Recently, he was featured in a TIME magazine interview that had everyone in crypto buzzing.
Vitalik Buterin on BAYC Hype
People who’ve been following the crypto space for more than a few months must surely be aware that non-fungible tokens (NFTs) are currently where all the rage is. More specifically, there is one project that’s unable to come off major headlines – the Bored Ape Yacht Club.
Buterin, however, doesn’t really like what’s going on, especially regarding the prices of said Bored Ape NFTs.
The peril is you have these $3 million monkeys and it becomes a different kind of gambling. – He said while TIME Magazine noted he was talking about BAYC.
To date, the Bored Ape Yacht Club remains the most popular collection by all means – volume, overall market capitalization, floor price and popularity.
The hype surrounding BAYC skyrocketed last week when Yuga Labs – the company behind the collection – launched the long-awaited APE coin. This is the cryptocurrency that underpins the entire BAYC ecosystem, and it made headlines because it was airdropped to holders of BAYC-related NFTs who received hundreds of thousands of dollars for just holding their Bored Apes.
The other side
No, it’s not a pun related to BAYC’s “Otherside” metaverse teaser. Buterin also spoke about the situation between Russia and Ukraine, as he has done several times over the past month. In fact, he has become one of Ukraine’s most vocal supporters, proclaiming that he would not maintain neutrality in such a conflict.
Speaking to TIME, he said:
One silver lining of the situation in the last three weeks is that it has reminded a lot of people in the crypto space that ultimately the goal of crypto is not to play games with million-dollar pictures of monkeyts, it’s to do things that accomplish meaningful effects in the real world.
Reflecting on the things he would like to change about himself over the course of the year, he said he hopes to be “bolder and less neutral”.
I would rather Ethereum offend some people than turn into something that stands for nothing.
