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NFT

Yuga Labs settles lawsuit against artists accused of copying its NFTs

🤖 GG AI Summary

Yuga Labs has settled its lawsuit against artists Ripps and Cahen, who were accused of copying and selling NFTs resembling the Bored Ape Yacht Club images. The original suit was filed in June 2022, marking a significant step in protecting NFT intellectual property rights.

Sentiment: 70% Bullish

Yuga Labs first filed a lawsuit in June 2022, accusing Ripps and Cahen of copying its Bored Ape Yacht Club cartoon ape images and selling lookalike NFTs.

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