‘Not Okay Bears’ NFT Collection Is Having Trouble

The Not Okay Bears collection hits the internet shortly after its launch. It has also become the top collection in NFT marketplaces like OpenSea and LooksRare. However, after such a period of popularity, OpenSea has decided to remove the parodied NFT collection from its marketplace.

Official Not Okay Bears tweet about verification by Looks Rare

The collection Okay Bears is a very popular NFT collection based on Solana. His imitation, Not Okay Bear, has recently been buzzing online for a number of reasons. First of all, the parody is based on the Ethereum blockchain. Previously, the community had only seen counterfeits 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 fees. 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). Moreover, 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 Not Okay Bears delisting isn’t acceptable to fans

Since Not Okay Bears was a huge hit, some users expressed their disapproval. The primary motivation and concern for delisting was to support stolen or copied art.

Moreover, the project has no 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 demands are quite reasonable: why 0xApes Trilogy and the Bored Ape Solana Club are still live on OpenSea? These projects are parodied projects that not only exist on OpenSea but are also verified.

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

Conclusion

Of course, in this divided ecosystem, we always have to choose a side. But before doing so, every user must 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

Interested in investment and financial markets after a business school in Chambéry, the passion for cryptocurrencies was obvious. The blockchain is surely the universal tool of tomorrow.

We wish to give thanks to the writer of this post for this incredible content

‘Not Okay Bears’ NFT Collection Is Having Trouble


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