JAKARTA – Ethereum founder Vitalik Buterin satirized the popular NFT Bored Ape Yacht Club (BAYC). According to him, BAYC is “another form of gambling”. Buterin conveyed this opinion in an interview with TIME magazine.

For your information, NFT Bored Ape is a very popular digital art in the non-fungible token universe. Some of the biggest names include celebrities and top sports athletes like Eminem, Justin Bieber, Serena Williams and Neymar Jr. have bought BAYC.

Bieber himself has purchased NFT BAYC Ape #3001 for IDR 18 billion in Ethereum. Meanwhile, rap star Eminem shelled out IDR 6.4 billion in ETH to buy Ape #9055. Football star who plays at PSG, Neymar also followed the NFT boom with the monkey image. In January, he bought Ape #6633 for 159.99 Ethereum or Rp. 6.6 billion at the current price of ETH.

Despite the hype at BAYC, Ethereum boss Vitalik Buterin views the multimillion-dollar NFT depicting a monkey as a type of gambling.

"The danger is you have this $3 million monkey and it becomes a different kind of gambling," Buterin told TIME magazine.

However, Buterin revealed that there was a lesson behind the explosion of NFT BAYC. According to him, this reminds many that the purpose of crypto is not to play with the images of the multi-million dollar apes.

“One lesson learned from the situation in the last three weeks is that it has reminded many people in the crypto space that ultimately the goal of crypto is not to play with the image of a million dollar monkey, it is to do things that achieve an effect. meaning in the real world.”

"I'd rather Ethereum offend some people than turn into something meaningless," he concluded.


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