“Look, it’s a monkey!” Ethereum’s Vitalik Buterin Gets Fun at Ape NFTs, Expresses Optimism About Consolidation

More seriously, Buterin believes this is an example of the double-edged sword of cryptography. “The problem with the crypto space is that they have great incentives, but at the same time, they have incentives to go in very strange directions sometimes,” he said, referring to Ape NFTs.