Solana-based non-fungible token (NFT) collection Okay Bears copycat “Not Okay Bears” has been delisted from marketplace OpenSea after recording millions of dollars in sales.
See related article: Okay Bears NFTs record sellout helps Solana net US$2B in sales
Fast facts
- Not Okay Bears are mirror images of the 10,000 versions of the original, and have sold US$6.3 million worth on secondary sales in the past 24 hours, according to DappRadar.
- OpenSea has de-listed the collection, sparking outrage among holders who are now unable to trade their NFTs on the world’s largest marketplace despite other derivative collections continuing to be listed.
- The pseudonymous creators of the project donated 20% of the minting funds, 35.8ETH (US$75,000), to the Mental Health Impact Index through the Giving Block.
- Supporters of both Solana and Ethereum have been teasing each other over the project, with Not Okay Bears creators officially describing the collection on OpenSea as “Bears on the blockchain that actually works.”
- Unauthorized copies of large projects are quite commonplace on Ethereum, leading some spectators to comment that Solana NFTs being hosted on the larger blockchain means the network has come “full circle.”
- Okay Bears has been the most popular NFT collection on Solana, recording nearly US$100 million in sales since launching in late April.
See related article: Solana struggles under US$90 while NFT sales surge higher