Bored Ape Yacht Club (BAYC) was accused of “advocating fascism” and “racist”, the founder denied.

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2022-06-26 17:04:44

Bored Ape Yacht Club (BAYC) has denied allegations that this NFT project is built on fascist and racist ideas.

Bored Ape Yacht Club (BAYC) was accused of “advocating fascism” and “racist”, the founder denied. Photo: Protos

Bored Ape Yacht Club and allegations

Earlier this week, the NFT community stirred up sharing a YouTube video that was over an hour long posted on June 20, claiming to “unveil” the truth about the ideals behind the most popular NFT project today. now Bored Ape Yacht Club (BAYC).

In the video, investigator Philion cites many of the findings of Twitter account Ryder Ripps, a critic of NFT culture, to give evidence for the argument that BAYC is a project that is “laughing in the face of everyone.” world” when claiming to be the pioneering flag for NFT and blockchain applications, but hiding behind many images and words related to fascism, far right and racism that only people Regularly join 4chan to understand.

Some notable points shown in the video include:

– The project uses the image of ape (ape), a primate similar to monkey (monkey), which is a slang term used to discriminate against black people in Western countries.

– The logo of Bored Ape Yacht Club has a design very similar to the skull logo of the SS, the fanatical paramilitary organization serving the Nazis. Not stopping there, the number of teeth on both skulls is 18, the number that when changed into alphabetical order will be AH, which stands for Adolf Hitler’s name.

– Both the Bored Ape Yacht Club collection and the follow-up project Otherside were released on April 30, the day of Hitler’s death.

– The design of many Bored Ape uses images reminiscent of colonialism and fascism.

– The name of the company behind BAYC is Yuga Labs, with the word Yuga being claimed as the “mouth-watering word” of far-right elements on the underground social network 4chan. Many Yuga Labs/BAYC puzzle games later also contained a lot of far-right language on 4chan.

– Twitter names of 4 anonymous founders of BAYC, Gargamel, Emperor Tomato Ketchup, Gordon Goner and Sass all have racist, depraved or fascist meanings.

For specific evidence and images, readers can see more at Ryder Ripps .’s whistleblower website here.

Philion then urged NFT users to join the BurnBAYC movement and boycott the project. At the end of the video, the YouTuber also left a link to Ryder Ripps’ RR/BAYC collection, which is a 100% replica of Bored Ape Yacht Club made to mock its unique and unreplicable feature. copy of the NFT.

In April 2022, cryptocurrency exchange Binance was also caught in an almost similar controversy when it changed the swastika emoji right on the birthday of Nazi leader Hitler.

Feedback from Yuga Labs

In response, on the morning of June 25, the founders of Bored Ape Yacht Club, represented by Gordon Goner, published a blog post refuting the allegations. In the article, Gordon Goner stated that with Jewish, Turkish, Pakistani and Cuban backgrounds, the four founders of BAYC had no reason to support fascism. Goner also alleges it’s all just a conspiracy to smear the project to sell NFT.

The BAYC founders also stated that they chose the word Ape as the focal point of the NFT collection as a result of the “ape-in” joke popular in the crypto investment community; the logo’s inspiration comes from sailing clubs and maritime elements (which make up the Yacht Club) – the skull design of the logo has been recognized by the Anti-Damage Alliance (ADL) as unrelated to fascists and segregation of Jews; the name Yuga is the name of a boss in the popular Zelda series; The founders’ names come from many memories in their own lives.

Yuga Labs stated that in order to prevent infringement of intellectual property rights and smear the project, they have filed a lawsuit against related parties, including Ryder Ripps.

The lawsuit claims Ryder Ripps attempted to “undermine the value of Bored Ape by creating copies of the original collection under the name RR/BAYC”, cyber terrorism, false advertising, and illicit earnings. Yuga Labs wants the court to order an injunction barring Ripps and his associates from “accessing and interfering in economic activities related to the project, as well as paying damages and litigation fees.

Controversy continues to this day in the NFT community.

The Expansion of Bored Ape Yacht Club and Yuga Labs

As reported by CHK, Bored Ape Yacht Club (BAYC) is a collection of 10,000 NFT gibbons emerging in 2021, receiving a lot of attention when promoted by many celebrities and the price increased beyond the ceiling, at times crossed the 100 ETH/NFT mark. The list of celebrities who own NFT Bored Ape Yacht Club includes DJ duo The Chainsmokers, DJ Steve Aoki, music producer Marshmello, rapper Future, singer Timbaland, Justin Bieber, Madonna, Post Malone, investor Mark Cuban, NBA star Stephen Curry, basketball legend Shaquille O’Neal and host Jimmy Fallon.

Thanks to this success, Yuga Labs was able to expand the BAYC ecosystem, releasing derivative collections including Mutant Ape Yacht Club (mutant ape), Bored Ape Kennel Club (dogs), acquiring two top NFT collection are CryptoPunks and Meebits.

By March 2022, Bored Ape Yacht Club issues ApeCoin (APE) tokens and airdrops to NFT holders. Yuga Labs also revealed that it has successfully raised $ 450 million at a valuation of up to $ 4 billion.

The project also builds the metaverse Otherside game scheduled to launch in July 2022 and organizes an “unprecedented” land NFT sale that disrupts the Ethereum network and collects up to 314 million USD, causing waste. to more than 150 million USD in transaction fees.

During the NFT.NYC event being held in New York City (USA), Bored Ape Yacht Club and Yuga Labs also entertained the community with many spectacular programs, with the highlight being a music MV performed by two hit rappers Eminem and Snoop Dogg, are both BAYC holders. Many other movie projects are also being worked on, all with apes as the central characters.

Since the May rush, NFT BAYC and APE prices have collapsed significantly in the direction of the crypto market correction.

Floor price movements and key parameters of BAYC, reference data from NFT Floor Price on the morning of June 25, 2022
1D graph of APE/USDT pair on Binance exchange at 10:45 AM on June 25, 2022

Bored Ape Yacht Club/Yuga Labs was also recently caught in controversy when it wanted to bring ApeCoin (APE) and Otherside to a blockchain other than Ethereum with candidates including Avalanche, Flow and Immutable, but was criticized by the community as “eaten” by the community. stone porridge bowl”. The APE community then voted and agreed to continue to go with Ethereum.

Synthetic CHK

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