ApeFest Incident: Participants Report Eye Burns and Bored Ape Yacht Club (BAYC) NFT Value Drop

Last night, during the vibrant ApeFest party, many attendees suddenly experienced unusual and distressing symptoms – eye burns. This unusual incident, organized by Yuga Labs, the creators of the renowned collection of non-fungible tokens (NFTs) known as the Bored Ape Yacht Club (BAYC), stirred up a storm of emotions and controversies. Today, the festival organizers released their official statement, asserting that less than 1% of event participants encountered symptoms of photokeratitis, a condition caused by exposure to ultraviolet (UV) light.

The reaction of attendees to this statement has been mixed. Despite the organizers' claim that these symptoms could have affected everyone had safety measures not been observed, many visitors insist that vision problems occurred independently of their own actions. One festival-goer even reported that photokeratitis symptoms persisted for more than 30 hours after the event ended. Of particular concern is the claim by some attendees that the organizers had acquired "wrong" light bulbs, which, in their view, were the cause of eye burns.

The ApeFest incident has also had a significant impact on the Bored Ape Yacht Club (BAYC) NFT market. On the day of the incident, the minimum price of BAYC NFTs dropped to 28.4 ether (ETH), marking a substantial decrease from the 32 ETH price it held just a few days earlier on November 1st.

This significant price drop has been attributed to the dissatisfaction and concerns within the crypto investment community and NFT collectors. The ApeFest incident has prompted investigations and drawn considerable attention to the safety of events involving intense UV light and other hazardous elements. It is anticipated that the situation will be closely monitored, and investors and participants in the BAYC NFT market will keep a watchful eye on further developments.

The ApeFest incident has not only raised questions about safety at such events but has also impacted the value of Bored Ape Yacht Club NFTs, generating interest and apprehension among market participants and collectors. The situation continues to evolve, and additional safety measures, as well as further investigation into the incident, will be closely monitored.