Vitalik Buterin: NFTs are becoming a new kind of gambling
According to him, the acquisition of NFT for hundreds of thousands of dollars is not advisable
22.03.2022 - 15:30
497
1 min
0
What’s new? Vitalik Buterin criticized the NFT collection Bored Ape Yacht Club (BAYC), which was created on the Ethereum blockchain. In an interview with Time magazine, he shared his concerns about investors buying tokens that are perceived in people’s minds as “displays of wealth.”
What does Buterin say? and a better way would be to buy tangible luxuries. He added:
“The peril is you have these $3 million monkeys and it becomes a different kind of gambling.”
Who has already bought BAYC tokens? Celebrities such as Steph Curry, Jimmy Fallon, and Paris Hilton have bought the NFT Bored Ape Yacht Club. The minimum price of the token is around $280 000 and some are selling for millions of dollars. The Bored Ape Yacht Club continues to be the best-selling NFT collection on the OpenSea market.
Useful material?
Telegram 
Twitter Incidents
Developers warned of potential risks to bridges across the ecosystem and asked exchanges for assistance.
Jun 22, 2026
Incidents
The defendant helped move funds stolen through investment scams and earned at least $4 million for his role in the operation.
Jun 10, 2026
Incidents
The company is linking the incident to a compromised private key on a service wallet, rather than a smart contract exploit
May 22, 2026
Incidents
Following the incident, the project temporarily halted trading operations and node activity.
May 15, 2026
Incidents
The user spent weeks unsuccessfully trying to guess the password until Claude helped find an old wallet backup file
May 14, 2026
Crypto regulations
Authorities are introducing mandatory registration for companies handling cross-border crypto transactions
May 8, 2026
Cryptocurrency rates
-
Bitcoin
$66 286
BTC
+1.48%
-
Ethereum
$2 551.16
ETH
+3.56%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.15
XRP
+2.59%
-
TRON
$0.160134
TRX
-1.59%
-
Dogecoin
$0.073352
DOGE
+1.55%
-
Zcash
$533.1
ZEC
-3.13%
-
Stellar XLM
$0.192856
XLM
+1.84%
-
Cardano
$0.17324
ADA
+1.2%
-
Polkadot
$3.32
DOT
+5.27%