Yuga Labs, the company behind the popular NFT project Bored Ape Yacht Club (BAYC), has won a trademark infringement lawsuit against Thomas Lehman, who collaborated on the RR/BAYC project.
The case was brought by Yuga Labs in the District Court of New York, alleging that Lehman helped create the smart contract for the RR/BAYC collection, which was similar to BAYC and earned $1.6 million in sales, of which Lehman received 15%.
The terms of the settlement include Lehman acknowledging Yuga Labs’ ownership of the BAYC trademark and not using the trademark, destroying any materials with the mark and burning any RR/BAYC NFTs in his possession.
The outcome is seen as a victory for Yuga Labs in an ongoing IP infringement case against project creator Ryder Ripps and Jeremy Cahen.
Ripps previously claimed that BAYC was full of racist or far-right imagery, a claim denied by Yuga Labs.
Mohammad Ali is a fintech and cryptocurrency writer who has been covering the intersection of finance and technology for several years. Ali has a deep understanding of the financial industry and the ways in which technology is changing it, with a special focus on the rise of digital currencies and blockchain technology.
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