Yuga Labs are suing Ryder Ripps (or Ryder Ripps) and his associates over their popular NFT project Bored Ape Yacht Club. They claim that Ripps tried to undermine the BAYC brand. Yuga Lab’s lawsuit claims Ripps and associates trolled the company and started “scamming consumers into purchasing RR/BAYC NFTs by misusing Yuga Labs’ trademarks.
Yuga Labs Files Lawsuit Against Ryder Ripps, Aims to ‘Fight Against Slanderous Claims’
Yuga Labs has filed a lawsuit in California against Ryder Ripps, and some of his associates. Twitter was used by the company to discuss the suit on June 24, 2013. said that support from the community was “overwhelming.”
“We will continue to be transparent with our community as we fight these slanderous claims,” Yuga Labs said. “In order to put a stop to the continuous infringement, and other illegal attempts to bring harm to us and the BAYC community, we have filed a lawsuit against the responsible parties. We will continue exploring and pursuing all legal options at our disposal.”
Yuga Labs accuses Ryder Ripps of “seeking to devalue” official BAYC NFTs with a copycat collection called RR/BAYC NFTs. Ripps was accused of using original BAYC images and marketing NFTs to be official BAYC products.
Yuga Labs’ trademarks were also allegedly used in Ripps’ “Ape Market” NFT marketplace. The lawsuit adds that this is “no mere monkey business” and that Ripps’ actions were a “deliberate effort to harm Yuga Labs at the expense of consumers.”
Ryder Ripps was open during February’s first week. accused Yuga Labs’ trademarks of having “Nazi ties.” Yuga Labs co-founder Gordon Goner responded to the accusations in a Medium blog post and stressed that the allegations are “insanely far-fetched.”
In this blog, we give a detailed summary of reasons why BAYC founders used Apes. This is also the inspiration behind BAYC’s logo design and Yuga Labs. The lawsuit accuses Ripps and several cohorts of “perpetuating a scam.”
The lawsuit notes that Ripps claims his actions are “satire,” but Yuga Labs insists Ripps raked in millions of ill-gotten profit from the RR/BAYC NFT collection. Yuga Labs fears Ripps will damage the business with the continued collection. Ripps is not stopping. tweetThe alleged link between symbols Yuga Labs leverages.
The RR/BAYC NFT collection’s creator also tweeted about the “terms people who purchased RR/BAYC’s agreed to” which says the customer “understands that this is a new mint of BAYC imagery, re-contextualizing it for educational purposes, as protest and satirical commentary.”
What do you think about the Yuga Labs’ lawsuit against Ryder Ripps and the RR/BAYC NFT collection? Please comment below to let us know your thoughts on this topic.
Image credit: Shutterstock, Pixabay, Wiki Commons, Feature cover credit: Bored Ape Yacht Club Art, Yuga Labs
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