Yuga Labs settles lawsuit against artists accused of copying its NFTs
Cointelegraph
Yuga Labs has reached a settlement with artists Ryder Ripps and Jeremy Cahen, ending a legal battle over unauthorized lookalike NFT projects.Summary
Yuga Labs, the creator of Bored Ape Yacht Club, has settled a long-standing lawsuit against artists Ryder Ripps and Jeremy Cahen. The dispute centered on the artists' RR/BAYC project, which Yuga Labs alleged infringed on its intellectual property. Under the settlement, Ripps and Cahen are permanently barred from using Yuga Labs' trademarks and must transfer all related assets, including domains and smart contracts, to the company within 10 days. This resolution concludes a years-long legal saga involving accusations of trademark infringement, claims of artistic parody, and significant financial penalties.
(Source：Cointelegraph)