In brief

  • Not Okay Bears is a new Ethereum NFT project that uses reversed artwork from Solana’s Okay Bears project.
  • Okay Bears is one of the most popular recent projects across the entire NFT space.

Early in the growth of Solana’s NFT ecosystem, it was common to find obvious knockoffs of top Ethereum projects like CryptoPunks and Pudgy Penguins. Now, Okay Bears—the hottest recent Solana NFT project—has been effectively copied and pasted onto Ethereum in what some observers on Crypto Twitter have hailed as a “full circle” moment for Solana.

Not Okay Bears is an Ethereum-based NFT profile picture project that launched earlier today, with 10,000 cartoonish bear illustrations with a variety of randomized traits. If the imagery looks awfully familiar, that’s because it’s the same artwork from Okay Bears on Solana—just reversed so that the bears are facing left instead of right.

Call it a knockoff, a derivative, or a parody—but it’s also a success, so far. The 10,000 NFTs were all quickly minted this morning at 0.02 ETH (about $41) each aside from the first 1,000 of them, which were free to mint.

The as-yet-unrevealed creators donated about 20% of the Not Okay Bears mint funds (35.8 ETH, or $73,000) to the Mental Health Impact Index Fund via The Giving Block, according to a tweet from the crypto charity platform.

Now they’re selling on secondary marketplaces like OpenSea, where they’re trading in droves as the floor price—or price of the cheapest available NFT—is rising quickly. As of this writing, the Not Okay Bears start at nearly 0.1 ETH…

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