We’ve seen a flurry of copycat baby NFT collections of some of our favorite blue-chip projects, from Lil Baby Ape Club to Lil Baby Cool Cats. These clones have gained popularity in the last week, with Lil Baby Ape Club reaching a current floor price of 0.23 ETH.
Concerning the CopyCat Baby NFT Collections
These collections have no ties to the original collections. To their credit, they do state this in their Twitter bio. However, for outsiders looking in, these projects may be detrimental to the original projects. Consider the possibility that one of these baby NFT collections is involved in a scam, a rug pull, or some other form of discrimination (which has been discovered). This could be detrimental to the blue-chip project whose name appears in the titles of these collections. Because the artwork is identical. From the outside, it appears to be something done by one of the blue-chip projects, such as Bored Apes or Cool Cats, despite no involvement at all.
To clear up any confusion, the official link to Bored Ape Yacht Club’s Twitter is here. And the Cool Cats are here.
Are There Any Advantages?
The hype right now is enormous; it’s never been higher, but why? Is it just that people don’t care about copying? The price for what you’re getting is probably the only argument that can be made. ‘Why spend 30-40 ETH on a BAYC that is out of reach when I can get a baby version for 0.2?’ is probably what many people are thinking when ‘aping’ into these projects. The rising value of blue-chip NFTs could contribute to this. With prices that are way out of most people’s budgets. Users are looking for ways to get in on the ground floor of a fantastic community. They may believe that these baby versions are the best way to accomplish this. Furthermore, these projects are more likely to involve rug pulls or scams. So, as always, if you’re investing, do your own research and proceed with caution.
It won’t be long before we see Baby Punks, or Baby Doodles, or Creatures, for that matter.