Bored Ape Yacht Club Rocked by Video Claiming ‘Racist’ Ties

June 23, 2022, 10:15 AM AEST - 1 week ago

Philip Rusnack, aka Philion, has released an hour-long investigation on his Philion YouTube channel alleging racist and alt-right connotations among the memes, language and symbols used in Bored Ape Yacht Club (BAYC) collections.

Many of Philion’s points are supported by prior evidence uncovered by anti-BAYC NFT commentator Ryder Ripps.

Anti-BAYC Hashtag Trends on Twitter

The ‘BURNBAYC’ hashtag is trending on Twitter as the Bored Ape Yacht Club – a giant of the NFT world – faces its accusers. BAYC has been condemned by Philion as “one massive alt-right inside joke”, with comparisons drawn between Bored Ape caricatures and Asian and black people, alongside the identification of Nazi symbolism.

This isn’t the first accusation made against BAYC over claimed racist undertones. Ryder Ripps lit the coals earlier this year after publishing a Twitter thread and creating the domain specifically to highlight this problematic imagery:

Yuga Labs, the creator of BAYC, has responded by stating that the project logo (a monkey’s skull) merely suggests that the project’s Apes are “bored to death”, and that the term “Apes” refers to its team, not humans in general. However, the sheer quantity of alt-right and racist imagery and symbolism found across its collections adds up to a potentially compelling case against BAYC.

What Goes Up Must Come Down

Bored Ape Yacht Club has been a gold mine for many an investor in the past, with one Aussie chancer reportedly turning US$300 into US$5 million in May this year. However, BAYC has not escaped the crypto collapse, with its floor price plunging below US$100k this month. As at June 16, the Bored Apes floor price stood at US$88,000.

In light of the concurrent crypto market downturn, it is possible that BAYC may find it difficult to recover from such lows in the wake of these latest negative allegations.

Disclaimer: The content and views expressed in the articles are those of the original authors own and are not necessarily the views of Crypto News. We do actively check all our content for accuracy to help protect our readers. This article content and links to external third-parties is included for information and entertainment purposes. It is not financial advice. Please do your own research before participating.