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Usha Yadav
Jun 25, 2022
by Usha Yadav

Yuga Labs Sues Artist in Bored Ape Yacht Club NFT Case

Yuga Labs

Table of contents

  1. Bored Ape NFTs
  2. Researching and Posting about BAYC Nazi Ties
According to its Twitter feed, Bored Ape Gazette tweeted a lawsuit filing with inserted illustrations. Yuga Labs, the makers of Bored Ape Yacht Club Non-Fungible Tokens (NFTs), has filed a lawsuit against artist Ryder Ripps and several associates. They accuse them of creating and selling "copycat NFTs" that lower the value of the originals. Using the original Bored Ape Yacht Club photos in his own counterfeit NFT collection and dubbing them "RR/BAYC" NFTs, the artist allegedly tried to devalue Bored Ape NFTs, according to the lawsuit.

Bored Ape NFTs

According to the lawsuit, Bored Ape NFTs "frequently resell for hundreds of thousands, if not millions, of dollars, and well-known celebrities are happy owners of Bored Ape NFTs," noting that there are only 10,000 total and that each one is special. In addition to damages and legal costs, Yuga Labs asks for a ruling prohibiting Ripps and colleagues from "engaging in further interference with its prospective economic connections."

Researching and Posting about BAYC Nazi Ties

In a tweet earlier this year, Ripps claimed to have been "researching and posting on BAYC Nazi ties." In a blog post published on Friday, the creators of Bored Ape refuted these accusations. The legal firm Fenwick & West submitted a 43-page lawsuit against Yuga Labs on Friday to the US District Court for the Central District of California by the legal firm Fenwick & West. It was tweeted early this morning by the Bored Ape Gazette.

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Yuga Labs Bored Ape Yacht Club NFT
Yuga Labs Sues Artist in Bored Ape Yacht Club NFT Case
Usha Yadav
Usha is a diehard crypto enthusiast and has been actively writing on different facets of the blockchain and crypto world. She has authored many research articles on cryptocurrency and aims to provide informational and quality content to readers. She firmly believes that crypto has a great potential to redefine the world of finance and blockchain.

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