Yuga Labs Wins $1.5M in Landmark Authorized Victory Towards Copycat Bored Ape NFTs
In a trademark infringement case in opposition to Ryder Ripps and Jeremy Cahen, a U.S. District Decide in California determined in favor of Yuga Labs.
The courtroom awarded Yuga Labs roughly $1.5 million in damages, representing Ripps and Cahen’s income from the sale of their Ryder Ripps Bored Ape Yacht Membership NFT assortment, which the courtroom decided infringed on Yuga Labs’ model.
The defendants claimed that their use of Yuga Labs’ BAYC logos was “satire” and “parody,” however the courtroom dismissed their declare. Ripps and Cahen should cease all gross sales and advertising and marketing of their counterfeit NFTs, pay penalties, switch their pretend apes’ good contract, and resign linked web belongings, in line with the judgment.
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