I will be you NFT girlfriend, you can’t ever touch me or interact with me in real life but if you pay me enough money you can go around telling people I’m yours.
— maura quint (@behindyourback) December 22, 2021
Sure, we may be spending the first Saturday night of the new year online, but at least we’re not as dementedly ONLINE as some people…
— The Verge (@verge) December 30, 2021
… PAYC announced its launch in early December with a loose mission statement promoting decentralization and denigrating “rich douchebags” who had (allegedly) taken over the original ape market. It called back to CryptoPhunks, a similar project that flipped and resold expensive CryptoPunks images earlier this year. Early arrivals could mint left-facing apes for free starting December 28th, while others paid a fee of .042 ETH (currently around $157).
PHAYC launched shortly after with a tongue-in-cheek website describing the project as “a limited NFT collection where the token itself offers no membership and no allegiance,” an inversion of the promise made by BAYC creator Yuga Labs. One PHAYC community member described the project to CoinDesk as “a satirical take on the current state of NFTs and members of the NFT community who might be taking the NFT market a little too seriously.”
Somewhat ironically, PAYC and PHAYC have since fought on Twitter over which one is the authentic Bored Ape Yacht Club ripoff, with PAYC’s founder referring to PHAYC as a “cash grab fraud project.” PHAYC charged people to mint its apes, and CoinDesk reports that it took in around 500 ETH (or around $1.8 million) in sales. By contrast, it says PAYC earned around 60 ETH (or roughly $225,000) from its paid sales…
Everybody loves unregulated markets until their imaginary wallet full of monkey jpegs gets stolen. pic.twitter.com/I4RVVX9oZE
— Shitpost Munitions and the Teachings of Buddha (@_Rewhan) January 1, 2022
Pivot! Ugly pics are soooo 2021 — unreadable words are the new 2022 hotness…
I mean this genuinely, truly, with only a desire for knowledge: how https://t.co/XsY1z5Mk5j
— Jane Coaston (@janecoaston) January 1, 2022