Browsing:BAYC NFT

These two NFT artists were ordered to pay $9 million in disgorgement against Yuga Labs
2 weeks ago 1 min read

These two NFT artists were ordered to pay $9 million in disgorgement against Yuga Labs

Ryder Ripps and Jeremy Cahen, NFT artists, received a negative ruling in their lawsuit against Yuga Labs, the developer of the well-known Bored Ape Yacht Club. The verdict not only dismissed their counterclaims but also imposed a $9 million penalty, complicating their legal situation. The legal battle began in April 2023, when Yuga Labs sued Ripps and Cahen, alleging copyright infringement due to unauthorized copies of BAYC NFTs. The dispute arose following the release of the Ryder Ripps BAYC (RR/BAYC) collection in May 2022, in which the artists incorporated the BAYC brand into their work. The initial litigation resulted in

Yuga Labs, the team behind the famous Bored Ape Yacht Club NFT collection, introduced its new "community council" as the newest community initiative for their projects.
1 year ago 1 min read

Yuga Labs introduces its first Community Council

Yuga Labs, the team behind the famous Bored Ape Yacht Club NFT collection, introduced its new “community council” as the newest community initiative for their projects. The council, which was established by seven appointed BAYC holders, has received mixed reviews in its early years. A Yuga Labs blog post that includes a profile of each of the seven council members broke the news to the public. The list includes a range of Bored Ape owners engaged in web3 marketing, community building, and other activities. In the statement, the team said, “We see the community council as a critical part in