Bored Ape Yacht Club co-founder Greg Solano publicly responded to NFT whale Pranksy's claim that BAYC "ruined NFTs" by reducing the technology to avatar projects and spawning copycats. Solano countered that Pranksy sold BAYC assets for millions of dollars that could have reached $500 million in value while continuing to promote similar derivative projects.
The dispute highlights ongoing tensions within the NFT community regarding market saturation and brand legacy. Solano pointed out that Pranksy founded several NFT-related companies that have since been removed from her profile, challenging the critic to either drive meaningful change or acknowledge the wealth generated by the BAYC ecosystem.
BAYC Co-Founder Clashes With Pranksy Over 'Ruined NFTs' Criticism
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