{"id":58955,"date":"2022-03-19T10:52:48","date_gmt":"2022-03-19T08:52:48","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=58955"},"modified":"2025-09-04T19:25:53","modified_gmt":"2025-09-04T16:25:53","slug":"dogecoin-cofounder-says-baycs-apecoin-harms-the-nft-segment","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/dogecoin-cofounder-says-baycs-apecoin-harms-the-nft-segment\/","title":{"rendered":"Dogecoin cofounder says BAYC&#8217;s ApeCoin harms the NFT segment"},"content":{"rendered":"<p>Dogecoin (DOGE) cofounder Billy Markus has said that ApeCoin (APE), the token tied to the Bored Ape Yacht Club (BAYC) NFT project ecosystem, harms the non-fungible token segment.<\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\">if you don\u2019t agree that\u2019s fine and i wish y\u2019all well, but i would appreciate civil disagreement rather than attacking me or dogecoin, since that literally just proves my point about how adding a token to the space leads to toxicity, and toxicity hurts the brand and the NFT space<\/p>\n<p>\u2014 Shibetoshi Nakamoto (@BillyM2k) <a href=\\\"https:\/\/twitter.com\/BillyM2k\/status\/1504612424766304271?ref_src=twsrc%5Etfw\\\">March 18, 2022<\/a><\/p>\n<\/blockquote>\n<p> <script async=\\\"\\\" src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>According to him, such tokens quickly gain popularity, but then their price falls, which leads to negative sentiment among users.<\/p>\n<blockquote class=\\\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\\\">\n<p>\u201cSorry, I&#8217;m not a fan of ApeCoin, mainly because I think it harms the NFT segment. Token communities are usually hyper-toxic and reckless,\u201d wrote Markus.<\/p>\n<\/blockquote>\n<p>Markus added that the audience may not agree with him, and urged restraint from negativity toward him or Dogecoin. Otherwise it would prove his position on toxicity, Markus noted.<\/p>\n<p>On March 17, the BAYC team <a href=\"https:\/\/u1f987.com\/en\/news\/bored-ape-yacht-club-launches-apecoin-airdrop\">launched ApeCoin trading<\/a>, which will become the primary asset not only for the NFT project&#8217;s ecosystem but also for the company&#8217;s future products.<\/p>\n<p>Among BAYC, MAYC and BAKC NFT holders, 150 million APE were distributed.<\/p>\n<p>According to the NFT marketplace <a href=\\\"https:\/\/opensea.io\/rankings\\\">OpenSea<\/a>, over the last seven days the trading volume of BAYC tokens surged by 375%. The gains for MAYC and BAKC stood at 314% and 861%, respectively.<\/p>\n<p>MEV-bot operators <a href=\"https:\/\/u1f987.com\/en\/news\/mev-bot-operators-used-nftx-loans-to-participate-in-apecoin-airdrop\">earned millions of dollars<\/a> in the ApeCoin airdrop.<\/p>\n<p>Follow ForkLog&#8217;s Bitcoin news on our <a href=\\\"\/\/telegram.me\/forklog\\\" target=\\\"\u201c_blank\u201d\\\" rel=\\\"\u201cnofollow\u201d noopener\\\">Telegram<\/a> \u2014 cryptocurrency news, rates and analysis.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dogecoin cofounder Billy Markus said that ApeCoin, the token linked to the Bored Ape Yacht Club NFT project&#8217;s ecosystem, harms the non-fungible token segment.<\/p>\n","protected":false},"author":1,"featured_media":58956,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1356,99,1213,1138],"class_list":["post-58955","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bored-ape-yacht-club","tag-dogecoin","tag-nft","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"26","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/58955","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=58955"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/58955\/revisions"}],"predecessor-version":[{"id":58957,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/58955\/revisions\/58957"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/58956"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=58955"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=58955"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=58955"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}