OpenSea Delists Solana Okay Bears Copycat Not Okay Bears

After millions of dollars in sales, the Solana-based non-fungible token (NFT) collection Okay Bears copycat “Not Okay Bears” has been delisted from marketplace OpenSea.

According to DappRadar, Not Okay Bears are mirror images of the initial 10,000 copies, and have sold US$6.3 million in secondary sales in the last 24 hours.

The collection has been delisted by OpenSea, causing concern among holders who are now unable to trade their NFTs on the world’s largest marketplace while other derivative collections remain listed.

Through the Giving Block, the project’s pseudonymous founders gave 20% of the minting funds, or 35.8ETH (US$75,000), to the Mental Health Impact Index.

Solana and Ethereum supporters have been teasing each other over the project, with the developers of Not Okay Bears formally defining the collection on OpenSea as “Bears on the blockchain that actually work.”

On Ethereum, unauthorized clones of big projects are prevalent, prompting some observers to speculate that Solana NFTs being hosted on the larger blockchain indicates the network has “full circle.”

Okay Bears has been the most popular NFT collection on Solana since its premiere in late April, with approximately US$100 million in sales.

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Patrick

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