Artists Ryder Ripps and Jeremy Cahen are mandated by a federal court to pay $9 million in damages to Yuga Labs, following a high-profile legal dispute over unauthorized use of the Bored Ape Yacht Club’s copyrighted non-fungible tokens (NFTs).
Yuga Labs Wins Big as Artists Ordered to Pay up $9 Million Over BAYC Dispute
Artists Ryder Ripps and Jeremy Cahen have been ordered by the court to pay nearly $9 million in damages to Yuga Labs, the creator of the Bored Ape Yacht Club (BAYC), following the dismissal of their counterclaims in a high-profile copyright lawsuit.
Ripps and Cahen, known for launching the Ryder Ripps BAYC (RR/BAYC) collection, have been embroiled in legal battles since May 2022. Their project, which played on the BAYC brand, was found to have infringed upon Yuga Labs’ copyrights, leading to a lawsuit that concluded in April 2023 with a victory for Yuga Labs.
Initially, the court mandated Ripps and Cahen to compensate Yuga Labs with $1.57 million in damages and cover
We współpracy z: https://news.bitcoin.com/artists-ordered-to-pay-9-million-in-bayc-copyright-dispute/
