Yuga Labs wins legal showdown; its effect on APE will be…

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Yuga Labs wins legal showdown; its effect on APE will be…
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Yuga Labs wins legal showdown; its effect on APE will be...

NFT collection, has gained significant attention and popularity with its unique NFTs. They claimed ownership of several unregistered trademarks, including the BAYC Marks, which they have been using since April 2021.

Ripps began criticizing Yuga’s actions in November 2021 through various social media platforms and by creating a website called gordongoner.com. Ripps, with his partner Jeremy Cahen, created their own NFT collection in May 2022 – Ryder Ripps Bored Ape Yacht Club . Yuga Labs argued that it should win the false designation of origin claim because they own the BAYC Marks and that defendants used those marks without Yuga Labs’ consent. Yuga Labs believed that they were entitled to compensation and injunctive relief as well.

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