Okay. This one caught me off guard. Randomly scrolling and then suddenly, "Web3 was not built for money faces". Truth is, if you ask a teenager what Web3 is, they'll tell you it is all about "monkey faces".
What are Monkey Faces? BAYC, MAYC, APECOIN
Monkey faces are top NFT projects that were launched in the Crypto Space in 2021, following the blow of crypto whales. NFT is a form of digital art. The projects are purely monkey faces and following the hype in the Crypto Space, many people got into the projects, causing them to become a hit.
Therefore, monkey faces are top NFT projects in the crypto space that are now termed as Bluechip.
What Are the Top Monkey Faces Projects?
These are the top Ape NFT projects, some on Ethereum and others on Optimism. Open OpenSea or Optimism and search for the names of these ‘monkey faces’ NFTs.
BAYC (Bored Ape Yacht Club)
Mutant Ape Yacht Club
Rare Apepes
Optimistic Apes
NerdApeDAONFT
Why Was Web3 Not Built for Monkey Faces?
Web3 is the modern version of a decentralized internet set to achieve decentralization. It is an internet where no one controls or bans content. Therefore, why is the creation of monkey faces and meme tokens an abuse of Web3?
The creation of monkey faces is an appreciation of art, however, it promotes a negative perspective of Web3. Web3 was created to solve modern day solutions like privacy ( Brave Browser), Energy problems (EWT), promote healthy living by exercising (STEPN), encourage P2P transactions globally with little or no tax or any government monitoring (ETH and BTC).
Therefore, the creation of monkey faces defies the purpose of Web3. Most teenagers get into cryptocurrency thinking it is all about monkey faces and meme tokens. Even with the attempt of raising crypto education and awareness to encourage proper investment, this becomes hard. In the end, most people lose life savings due to poor investment or investing without any insight.
Art is beauty, and this is probably a personal opinion. I hope my employer will not terminate me for this, but I think the monkey faces are quite disturbing to look at and take away the intricate value of art. I would rather top art pieces in NFT be trending, just like how real world art is of value. Pieces like the Mona Lisa are a rarity and we all agree it is exquisite.
However, it becomes hard to value digital/NFT art when you log into Open Sea and find ugly looking monkey faces changing color and staring down at you; monkey faces that sell for billions whereas an exquisite art piece has little or no views.
Users simply get into crypto for the wrong reasons, as people forget the fundamentals, like offering real world solutions.
What is the Origin of the Statement ?
Point Network. An advert by the DeFi platform on Twitter caught my eye. Point Network is simply airing most developers' views. Even though no one has the courage to say it, I will say it today. “Web3 was not built for monkey faces”.
Do You Agree With the Statement?
Honestly, I hope my employer does not take me to jail for giving my honest opinion like the Tornado Cash Developer. However, I am tired of seeing monkey faces and meme coins on Web3.
Instead of hacking Bluechip projects, I would rather hackers scrape Web3 of useless meme coins. Yes I do support the statement "Web3 was not built for monkey faces''.
Do you agree with the statement? Let me know.
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