Yuga Settles Bored Ape NFT Trademark Lawsuit with Artist Ryder Ripps
Yuga Labs has settled its trademark lawsuit against artist Ryder Ripps and Jeremy Cahen, resulting in a permanent injunction preventing them from using Yuga's Bored Ape Yacht Club imagery and trademarks. The settlement ends the dispute over alleged NFT counterfeiting, though specific terms remain undisclosed. This resolution helps protect Yuga's intellectual property and stabilizes the BAYC brand.
Yuga Labs has settled its NFT counterfeiting lawsuit against artist Ryder Ripps and business partner Jeremy Cahen. The parties have filed proposed orders to permanently block Ripps and Cahen from using Yuga's imagery and trademarks, according to Reuters, citing court documents. The settlement concludes the legal dispute over alleged unauthorized use of Yuga's intellectual property, namely involving its Bored Ape Yacht Club (BAYC) collection. Terms of the settlement have not been disclosed beyond the trademark and imagery restrictions outlined in the proposed court orders.To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
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