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Cryptoknowmics 2022-06-25 13:05:30

Yuga Labs Sues Artist in Bored Ape Yacht Club NFT Case

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. (1/2) The outpouring of support from our community today has been overwhelming. We will continue to be transparent with our community as we fight these slanderous claims. In order to put a stop to the continuous infringement, and other illegal attempts to bring harm to… — Yuga Labs (@yugalabs) June 25, 2022 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.” pic.twitter.com/ZgZEbk6lTC — The Bored Ape Gazette🍌 (@BoredApeGazette) June 25, 2022 Researching and Posting about BAYC Nazi Ties In a tweet earlier t...

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