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The NFT collection “Not Okay Bears” is experiencing problems

The Not Okay Bears collection made a buzz on the Internet shortly after its launch. It has also become the best collection on NFT markets like OpenSea and LooksRare. However, after such a period of popularity, OpenSea decided to withdraw the parodied NFT collection from its market.

Not_Okay_Bears_NFT_Collection_OpenSea
Official tweet from Not Okay Bears about verification by Looks Rare

Collection Okay Bears is a very popular NFT collection based on Solana. His imitation, Not Okay Bear, has recently caused a buzz on the web for many reasons. First of all, the parody is based on the Ethereum blockchain. Previously, the community had only seen fakes of Solana on Ethereum blockchains.

One of the goals of Not Okay Bears is to reduce the carbon footprint. They use smart contracts optimized for gas costs. For this reason, users do not have to pay excessive fees for each transaction. The project is similar to its original version in various ways.

For example, it is also a PFP NFT (Profile Picture Non-Fungible Token). In addition, it also has a website similar to the original website.

But is it possible to create a copy of an original collection within the NFT ecosystem?

Why the delisting of Not Okay Bears is not acceptable for supporters

Since Not Okay Bears was a huge success, some users expressed their disapproval. The main motivation and concern of the delisting concerned the fact of supporting stolen or copied art.

Moreover, the project does not have any roadmap. This shows that no effort was made by the founders of this project.

However, on the other hand, there is a group of users who support this community. They are also furious to learn that the NFT parody has been removed from OpenSea. Their requests are quite reasonable: why 0xApes Trilogy and the Bored Ape Solana Club are they still live on OpenSea? These projects are parodied projects that not only exist on OpenSea, but are also verified.

Due to the news of delisting, the Not Okay Bears team is trying to create its own market space. This should help them keep things running smoothly.

Conclusion

Obviously, in this divided ecosystem, we always have to choose a side. But before doing this, every user should remember: no matter which side you are on, it is important to understand that as Web3 continues to develop, there will be more and more copies and parodied projects in the future.

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Emile Stantina avatar
Emile Stantina

Passionate about blockchain technology and cryptocurrencies, we are helping to popularize and democratize this new world.
“Chancellor on brink of second bailout for banks”

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