The non-fungible token trading platform OpenSea delisted for plagiarizing copy makers of the popular NFT Bored Ape Yacht Club (BAYC).
Two projects were sanctioned: PHAYC and PAYC. Instead of hiring artists and creating unique images, they mirrored BAYC images and issued tokens. Surprisingly, PHAYC and PAYC managed to sell off NFT in a few hours and raised about 560 ETH ($ 2 million at the current exchange rate).
However, OpenSea caught the developers of intellectual property infringement and closed their accounts. Both projects have also been removed from the Rarible NFT platform.
PHAYC NFT
PHAYC and PAYC entered the NFT market in December 2021. After the ban on OpenSea, PHAYC announced the opening of a marketplace called PHIRATE BAY, scheduled for launch in the first quarter of 2022.
In the middle of the year, the project plans to launch a process of farming special tokens for the release of NFT mutated monkeys.
EARLY Q1 – PHIRATE BAY (PHETA) PHAYC MARKETPLACE
EARLY Q2 — WRAPPED PHAYCS. LOCKED LIQUIDITY POOL. FARM LP TOKENS TO MINT PHIALS
MID Q2 — MUTANT PHAYC PHIALS. TRADEABLE ON PHIRATE BAY
LATE Q2 — PHIRATE BAY OPHICIAL RELEASE W/ GOVERNANCE TOKEN
DETAILED ROADMAP ON DISCORD
— PHAYC (@phaycbot) January 4, 2022
PHAYC tokens can now be bought on the NFTtrade platform, where the cost of some coins reaches 69 ETH ($ 257301). PHAYC are sold on the Mintable platform, the price of NFT ranges from 0.02 to 0.2026 ETH ($ 186-755).
The minimum cost for original BAYCs reaches 71.5 ETH ($ 266,634) on OpenSea.
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