Dogecoin creator criticized the Bored Ape Yacht Club project’s token

Billy Markus called the NFT community “toxic and desperate”

19.03.2022 - 11:45

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2 min

Billy Markus called the NFT community “toxic and desperate.”

What’s new? Billy Markus, the co-founder of the Dogecoin meme cryptocurrency, has criticized the new ApeCoin (APE) token of the Bored Ape Yacht Club (BAYC) project. Markus stated on his Twitter that ApeCoin is hurting the ecosystem of non-fungible tokens. The Dogecoin developer also added that “token communities are generally hyper toxic and desperate.”

Source: Twitter.com

What is known about the new token? On March 17, the BAYC team unveiled the native ApeCoin token. The coin will become the main asset for the NFT ecosystem and the company’s future projects.

Within two days of the ApeCoin token’s existence, its price reached a high of $17,1 as of March 19, ApeCoin is trading at $13,46 (down 22,5% from the high).

The developers have distributed 150 million APE tokens to holders of the Bored Ape Yacht Club, the Mutant Ape Yacht Club, and the Bored Ape Kennel Club. According to OpenSea, the trading volume of these collections has increased several times in the last 7 days. For BAYC this figure was 362%, for MAYC it was 305% and for BAKC it was 886%.

On March 19, all three collections are at the top of sales on the marketplace. Earlier it became known that the creator of the BAYC bought the rights to NFT CryptoPunks and Meebits.