Bored Ape's Yuga Labs Sues Man Who Made Millions Selling "Fake" BAYC NFTs
It seems Yuga Labs has decided to sue Ryder Ripps. is a long-time critic of the Yuga Labs, and the Bored Ape Yacht Club (BAYC) known for some of the words' most popular NFT collections.
Ripple has long criticized the founders as Nazis and scam artists. the artist made a complete copy-cat collection of Bored Ape then proceeded to sell NFTs.
However, it completely sold out in fact, the fake collection had a sales volume than the ACTUAL Bored Ape Yacht collection at one point. as one would expect Yuga Labs didn't take too kindly to this and has since sued the artist for trademark infringement and a host of other claims.
While it's important it's important to note that the lawsuit here is around Ryder using a very similar materials market these NFTs could end up answering an incredibly long-standing question about the company's intellectual property rights in an NFT collection.
NFTs are AI-generated images as well there are issues around supposed decentralization and a host of other issues here.
Phishing website exact copy of the original BAYC NFT collection, another Twitter account, and more. as well most because his stated intention isn't to scam users based on selling knock-offs but rather to expose Yuga Labs and do parody works under his original name.
Furthermore, another issue that may not seem readily apparent is the fact that technically Ryder didn't make any money off this because all the NFTs were sold in exchange for Ethereum I don't see this staying in the way of anything significant, but if Ryder is found liable there could be an interesting question as to damages.