Rolling Stone partners with BAYC as accusations mount of collection’s Nazi roots

While NFT enthusiasts gather in New York, BAYC is under fire over alleged Nazi roots of the collection, even as it hypes up a new collaboration with Rolling Stone.

Bird's-eye view over Manhattan

Iconic American magazine Rolling Stone is releasing two 1/1 NFTs in collaboration with Bored Ape Yacht Club, joining the Bored Apefest and NFT NYC week. The collection will be open to the public, but ApeCoin is the only accepted payment method.

Apart from the two NFTs, which go on sale tomorrow, June 22, Rolling Stone will be selling prints of the designs, accepting orders over the course of four hours. The sale is capped to add collectible value.

Since the news dropped, ApeCoin grew to a seven-day high of $4.81, although the general attention BAYC has been scooping up as NFT NYC festivities kicked off is also a factor.

Some say the collaboration with Rolling Stone is ill-timed as BAYC reels from accusations of the collection’s Nazi roots, explored in a YouTube documentary Bored Ape Nazi Club.

The movie, reportedly resulting from six months of research, suggests that the BAYC logo is inspired by the Nazi Totenkopf emblem and that Yuga Labs, the company behind BAYC, is named after Kali Yuga, a Hindu world age misappropriated by some alt-right circles as denoting the need for ethnic cleansing.

Ryder Ripps, who carried out the research for the movie, went on to launch an OpenSea NFT collection RR/BAYC, re-minting the original apes while “illuminating truths about their origins and meanings.”

RR/BAYC has now climbed to a trading volume of over 3,000 ETH, having climbed 24,779% in the last 24 hours alone.