Today we’re late night texting you. Thursday we’re ghosting you. Truly we’ve never been more toxic. Fortunately, among the crypto degens, we fit right in. To celebrate the looming holiday, we’re thankful to not have to think about Bored Apes for a week, and we’re sure you’ll be thankful not to have to think about us. But until then, here we are, bringing you your daily dose of toxicity: everything important on the Internet.
Chad & El Prof
(Price changes reflect past 7 days as of 11.23.21 @ 4:20 PM EST.)
- The crypto market limps toward correction after losing 10% of its cap over the past few weeks. To El Salvador’s hustle-bro-in-chief: maybe hold off on building Bitcoin City for a few more months.
- After a slew of bad press, Dogecoin might fork over its 10th place slot (in terms of market value) to Avalanche and we might finally get to stop covering it.
- *insert scared doge meme here*
Daily dose of toxicity, as promised.
Have you been following our unfortunately extensive coverage of Bored Ape Yacht Club thinking, ‘in spite of the exorbitant price tag, this really resonates… if it were just a little more plagiaristic and racist, I’d be all in’? No? You’re a somewhat well-adjusted human being? Same. But fuck us, apparently. We still get Lil Baby Ape Club anyway.
Lil Baby Ape Club was one of the buzziest projects on OpenSea prior to a ‘forensic investigation‘ by a 25-year-old NFT collector named Roh. (As I write this sentence, Agatha Christie projectile vomits in her grave.) Through whatever means of forensic investigation are available from mom’s basement, Roh discovered that LBAC is a fucking cyanide cocktail of poor taste and intellectual property theft.
The collection initially listed on OpenSea — already a derivative BAYC rip-off — turned out to also be a direct duplicate of an unreleased collection by an NFT collective based in Russia. It’s hard to feel much sympathy for the original creators, however, considering the collection features attributes titled ‘Skinhead’, ‘Jam Boy’, and ‘Monkey Pride’ — racially charged terms accompanied by explicit Nazi imagery.
(See also the abomination above.)
The duplicate collection sold out before the original collection even launched and remained in the Top 10 on OpenSea long after the story of its plagiarism broke. As of publication, there are three variations of the title with registered domains on the NFT marketplace, although one now leads to a 404 page.
I’d like to give OpenSea the benefit of the doubt and say the stolen one is probably the one they took down, but given their history, we can’t be sure. Regardless, unless you’re down to fund a rugpull at best, or some far right Russian Holocaust deniers at worst, I’m gonna go out on a limb and say steer clear of this one.
Not all happenings on the blockchain are quite so soul draining, but having lost a couple grand in holdings over the past week, we’re not feeling generous. We are, however, feeling eternally grateful to get to set this letter down for a few days and spend time with our families, probably sobbing gently in their arms. After this story, much needed.
You’re going to eat your fill in two days anyway, but since we won’t have a newsletter for you on Thanksgiving, here’s some leftovers to tide you over for a week. These are the best stories we’ve read recently that weren’t written by us — so you’ll probably enjoy them more than anything in this email. Boo. You HOR.
- A Keanu Reeves interview — escapism’s final form
- Buying a beer in El Salvador with Bitcoin — cringe comedy’s final form
- ConstitutionDAO raised over $40m, still got outbid by a billionaire — schadenfreude’s final form
- The rise and fall of 2021 concerts
- The great escape of Britney Spears
- From benevolent authoritarianism to police state in Singapore
- An oral history of Succession’s one true power couple
- The social dynamics behind the downfall of Clubhouse
- Only Frida Kahlo can flex this hard from beyond the grave
- Phoebe Bridgers likes trendy newsletters too
- Watch this dude make a bone flute just cause
- The legendary pro-life gender-swapped Zootopia abortion comic