Ryder Ripps and other makers of parody bored apes will owe money to Yuga Labs as a judge rules those non-fungible tokens are trademark protected.
The amount Ripps owes in damages will be determined at a later trial. Ripps’ lawyers have claimed that the NFTs sold for about $1.6 million, and the creator himself has claimed they sold for “over a million.” The Bored Ape maker, saying that Ripps and co. with their RR/BAYC project outright stole from the Yuga Labs’ own designs.
A Yuga Labs spokesperson told Gizmodo in an email that “This isn’t just a win for us, it’s a win for the entire web3 industry to hold scammers and counterfeiters accountable.”The writing may have been on the wall for Ripps and his fake NFTs. Earlier this year Yuga Labsagainst Thomas Lehman, who coded the RR/BAYC site and smart contract for the fake apes. In a statement, Lehman denounced the project and said he provided all his remaining RR/BAYC to Yuga Labs to “destroy.
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