PANews
PANews|Oct 06, 2026 03:25
[BAYC Co-Founder Responds to 'BAYC Ruined NFTs' Controversy: The Real Issue is the Proliferation of Copycat Projects] NFT whale Pranksy posted on platform X, claiming that 'BAYC ruined NFTs.' He argued that the technology of NFTs itself has been overshadowed by the image of profile picture projects like BAYC, leading the public to equate NFTs solely with 'ape projects.' Subsequently, the market saw years of numerous copycat projects following the trend. In response, BAYC co-founder Greg Solano stated that Pranksy had sold BAYC assets, which could have been worth $500 million, for just a few million dollars and continued to promote a large number of 'knockoff copycat projects.' He pointed out that Pranksy had founded several NFT-related companies, but these projects have now all been removed from her personal profile. Greg Solano also fired back, saying, 'Either become the change you wish to see, or enjoy the wealth brought to you by BAYC.'
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