Wednesday, July 24, 2024

Bored Wukong, a Chinese NFT project, has been accused of monkey business.

With China and Russia both countries completely banning cryptocurrencies, the decentralized finance technology has left the world in a split. Some people support crypto but some don’t, but who knows which side will win, there is no way to tell.

NFT (Non-Fungible Token) has become quite popular among digital collectors. However, ever since they were launched in the digital market they have been copied by various other artists.

According to a recent report, Bored Wukong, a Chinese NFT project, has been accused of imitating an original idea of Bored Ape Yacht Club. However, the creator responded and denied all the charges thrown at him.

As per the news published by the South China Morning Post, the Bored Wukong NFT project was influenced by the popular character from Journey To The West, Monkey King aka Sun Wukong. The digital artist created a lot of illustrations that resemble this Chinese novel character.

Similar to other NFT projects, the artist took the Wukong character as the main inspiration and created other illustrations around the same character. There are different variants available of the same character like Cyberpunk-inspired Wukong and Wukong with pipe

However, this controversy has garnered a lot of attention because so many people are used to seeing this same character with the Bored Ape Yacht Club. The media has repeatedly reminded the public of this risk in NFT trading.

Earlier, Tech Times reported that BAYC has stolen the art from an art gallery with the help of hackers. These stolen arts cost around $2.2 million.

Cryptured Team
Cryptured Team
The writers team at Cryptured.com is composed of passionate and experienced journalists who cover the latest developments in the crypto and blockchain space. They aim to provide accurate, unbiased and easy-to-understand news and information for their readers, as well as insights and analysis from industry experts. The writers team is always on the lookout for new and exciting stories that can help the general public learn more about the potential and challenges of these technologies.
RELATED ARTICLES

Most Popular