CryptoPotato
CryptoPotato
  • Crypto News
  • Margin Trading
  • Guides
    • Bitcoin & Crypto Guides 101
    • Bitcoin For Beginners
    • Editorials
  • DeFi & NFT
  • Buy
  • Language
  • Crypto News
  • Bitcoin For Beginners
  • Cryptocurrency Guides 101
  • Editorials
  • Bitcoin & Crypto Margin Trading
  • DeFi & NFT News
  • Bitcoin Price Analysis
  • CryptoPotato Crypto Fund
  • Ethereum (ETH) Price Analysis
  • Ripple (XRP) Price Analysis
  • Market Updates
  • Interviews
  • Buy Bitcoin with Card
  • bitcoin
    BTC$23,386.00
  • ethereum
    ETH$1,666.48
    • Market Updates
    • BTC Analysis
    • ETH Analysis
    • XRP Analysis
    • Interviews
    • Opinions
    CryptoPotato
    CryptoPotato
    • Crypto News
    • Margin Trading
    • Guides
      • Bitcoin & Crypto Guides 101
      • Bitcoin For Beginners
      • Editorials
    • DeFi & NFT
    • Buy
    • Language
    • Crypto News
    • Bitcoin For Beginners
    • Cryptocurrency Guides 101
    • Editorials
    • Bitcoin & Crypto Margin Trading
    • DeFi & NFT News
    • Bitcoin Price Analysis
    • CryptoPotato Crypto Fund
    • Ethereum (ETH) Price Analysis
    • Ripple (XRP) Price Analysis
    • Market Updates
    • Interviews
    • Buy Bitcoin with Card
    Home » Crypto News » This is Not What Ethereum is Built For, Vitalik Buterin Slams BAYC

    This is Not What Ethereum is Built For, Vitalik Buterin Slams BAYC

    Author: George Georgiev

    Last Updated Mar 22, 2022 @ 08:42

    Vitalik Buterin equated Bored Ape NFTs to ‘another form of gambling’ in his most recent interview for TIME Magazine.

    The co-creator of Ethereum, Vitalik Buterin, is somewhat known for his strong opinions on matters related and unrelated to cryptocurrencies.

    Recently, he’s been featured in a TIME Magazine interview that had the entire crypto world 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 appreciate what’s been going on, especially concerning 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 this date, the Bored Ape Yacht Club remains the most popular collection by all means – volume, overall market capitalization, floor price, and popularity.

    ADVERTISEMENT

    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, this is not a pun related to BAYC’s ‘Otherside’ metaverse teaser. Buterin also talked about the situation between Russia and Ukraine, as he has done numerous times in the past month. In fact, he’s become one of the most vocal supporters of Ukraine, proclaiming that he will 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.

    When pondering upon things he’d like to change about himself going forward in the year, he said that he hopes to be “more risk-taking and less neutral.”

    I would rather Ethereum offend some people than turn into something that stands for nothing.

    SPECIAL OFFER (Sponsored)
    Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

    PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to receive up to $7,000 on your deposits.

    You Might Also Like:

    • bayc_cover
      Bored Ape Yach Club (BAYC) Floor Price Crashes 30% Following APE Coin Claim
    • whale_cover
      Ethereum Whales Buy $6.6 Million Worth of BAYC's APE Coin
    • BAYC Floor Price Skyrockets 25% as Yuga Labs Buys CryptoPunks and Meebits Collections
    Tags: Bored Ape Yacht Club (BAYC) Ethereum Vitalik Buterin
    Enjoy reading? Share with your friends
    Facebook Twitter LinkedIn Telegram

    About The Author

    George Georgiev
    More posts by this author

    Georgi Georgiev is CryptoPotato's editor-in-chief and a seasoned writer with over four years of experience writing about blockchain and cryptocurrencies. Georgi's passion for Bitcoin and cryptocurrencies bloomed in late 2016 and he hasn't looked back since. Crypto’s technological and economic implications are what interest him most, and he has one eye turned to the market whenever he’s not sleeping. Contact George: LinkedIn

  • bitcoin
    BTC$23,386.00
  • ethereum
    ETH$1,666.48
  • Join Our Community

    FacebookTwitter YouTubeTelegram


    Editorials
    2022 Was Crypto’s Dot Com Bust: Let’s Recap Tech Stocks After 2000 (Opinion)

    2022 Was Crypto’s Dot Com Bust: Let’s Recap Tech Stocks After 2000 (Opinion)

    How Long Will the Ethereum LSD Narrative Last? Talking 2023 Trends with Nansen’s Martin Lee

    How Long Will the Ethereum LSD Narrative Last? Talking 2023 Trends with Nansen’s Martin Lee

    Everything That’s Going on With Pi Network: From Start to Latest Controversial Listing

    Everything That’s Going on With Pi Network: From Start to Latest Controversial Listing

    What is Ethereum Liquid Staking and Why It Is Crucial As Shanghai Upgrade Approaches?

    What is Ethereum Liquid Staking and Why It Is Crucial As Shanghai Upgrade Approaches?

    The Lesson in Alameda-FTX About Government Regulation and Crypto (Opinion)

    The Lesson in Alameda-FTX About Government Regulation and Crypto (Opinion)

    5 Bullish and 2 Bearish Cases for DeFi Going Into 2023 (Opinion)

    5 Bullish and 2 Bearish Cases for DeFi Going Into 2023 (Opinion)

    From Google and Microsoft to Binance: Interview with Head of Product Mayur Kamat

    From Google and Microsoft to Binance: Interview with Head of Product Mayur Kamat

    Join Our Newsletter
    Become a CryptoPotato VIP
    One Weekly Email Can Change Your Crypto Life.
    Sign-up FREE to receive our extended weekly market update and coin analysis report
    We NEVER send spam. You can unsubscribe at any time.
    Invalid email address
    Thanks for subscribing!
    Footer Logo
    About
    Advertise on CryptoPotato
    About Us | Contact Us | Careers
    Editorial Policy
    Terms of service | Privacy Policy | GDPR
    More Sections
    IEO List | Evaluations
    Airdrops
    Scholarship
    Disclaimer
    Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. Full disclaimer
    © Copyright CryptoPotato 2016 - 2021
    Scroll to top
    One Weekly Email Can Change Your Crypto Life.

    Sign-up FREE to receive our extended weekly market update and coin analysis report

    We never send SPAM. You can unsubscribe at any moment
    Invalid email address
    Thanks for subscribing!