them. uga is also facing a potential scc violation, all while being dogged by allegations of rishly offensive imagery, which the company denies. do you remember that time i bought the board ape for $75,000 now it s worth a gift certificate to wal-mart? what happened? you can decline to sit in for an on camera interview, since the collapse of f tx the crypto industry taken on an ever has no close vibe, the enormous evaluations, awkward celebrity ads and big promises about the future all look a bit absurd, while the yacht club is not the biggest phenomenonal it embodied everything. nobody buys a monkey for 300 grand. it s not like they were because the apes and compiled by computers, the unique part of it is the speculative bubble.
and i think maybe not in a good way. why is this nft worth almost $200,000? a collection of 10,000 a images became some of the most prominent nfts, and they were everywhere. streetwear, billboards, a signature event called ape fest. they had an air of mystery. the founders of the company were initially anonymous. i walked around. no one knew i helped create this thing. reporter: celebs scooped them up and tweeted about it. justin bieber bought one. they were the first nft that got this much market capitalization and attention. reporter: and then crypto crashed, and the nft market was hit even harder. now the apes have plummeted in value, and the celebrities that promoted them are facing a lawsuit. so is the company that created them. it s also facing a potential s.e.c. violation, all while being dogged by allegations of racially offensive imagery, which the company denies. remember that time i bought that board ape for $750,000, and
there are questions about who bought the nfts and why. there s also the question of what the board apes represent, some call them in so-called hip hop clothes, a gold guardrail, bone necklace, a prison jump suit. record and crypto that you have the point out i would give black people to love monkeys so much they going to buy them and they going to go to something called an apefest and they re going to like it. doesn t that sound funny. no, that s happening. more accusations circulated online like in a video that uga intentionally reference memes from rate of forums ythere s a video going around on youtube showing how board ape is actually racist. and actually as i look at the sketches of board ape, they are
michael said as a new england patriot fan you can imagine how much claim he had. the lawyer told the washington post you have very rich people we love telling us to check this out and it was okay. why shouldn t they be held responsible? it is the tip of the iceberg. another lawsuit filed this moby cryptocurrency investigators against board ape yacht club. part of the same community. both apes. love it. 37 defendants are named including paris hilton and steph curry accusing the kcreators to mislead the followers. an actor testified wednesday describing crypto as a bill of