The Not Okay Bears NFT Collection Divides The NFT Community


In case you missed it, the Not Okay Bears NFT Assortment completely took over the NFT house this previous 24 hours. The gathering grew to become the highest assortment on OpenSea and LooksRare in a matter of hours. On the time of writing, OpenSea has delisted the challenge and the NFT neighborhood is taking sides.

Not Okay Bears
Okay now, that is Not Okay. Credit score: @Not_OkayBears

Who’s Not Okay?

The Not Okay Bears is principally an Okay Bears knockoff on Ethereum. The unique challenge builds on the Solana blockchain and has been probably the greatest promoting collections there. Beforehand, we solely see Solana knockoffs of Ethereum initiatives. I assume issues are totally different now?

Much like the left facing apes earlier, the Not Okay Bears are left dealing with Okay Bears. Moreover the 10k PFP NFTs, the project website can be much like the unique web site. At the moment, the challenge has a ground 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 crew is at the moment creating their very own market to maintain the ball rolling.

Are we okay with Not Okay Bears?

Because the Not Okay Bears challenge started to climb the NFT leaderboards, among the neighborhood members expressed their disgust and frustrations. As an illustration, BAYC and MAYC proprietor @BombNFTs cash the challenge as ‘all the pieces fallacious with this house’. The person feels that the neighborhood shouldn’t reward a challenge with stolen artwork and near no effort in any respect. The challenge can be not doxxed and has no roadmap. From the seems to be of it, many are on this camp.

Then again, the challenge 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 stay on OpenSea whereas their challenge just isn’t. These copycat initiatives not solely commerce on OpenSea, however are verified initiatives. Subsequently, it isn’t shocking that the Not Okay Bears aren’t okay with this.

One of the best factor to return out of the Not Okay Bears is the donation in the direction of the Psychological Well being Affect Index Fund. After the challenge bought out, the challenge rapidly despatched 35.8 ETH to help psychological well being consciousness. Subsequently, The Giving Block matched this donation by their #CaringWithCrypto marketing campaign. All in all, the spinoff NFT challenge introduced in additional than 70 ETH to help this trigger. That is VERY OKAY in my books.

Nevertheless, one can even argue that 35.8 ETH is barely a small portion of the mint funds. If the challenge is certainly a money seize, there are nonetheless loads of ETHs to run away with. Thus far, 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 aspect are you on?

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All funding/monetary opinions expressed by aren’t suggestions.

This text is instructional materials.

As at all times, make your individual analysis prior to creating any type of funding.

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