NFTs News

Yuga Labs Sues Complainant “BAYC Promotes Racism” For Plagiarizing This Collection

Yuga Labs, the company behind the popular NFT collection Bored Ape Yacht Club (BAYC), has decided to take the BAYC accuser to court. For their part, the defendant is also prepared to stand trial.

A Bored Ape NFT and Pepe the Frog. Images: Yuga Labs and Matt Furie

The lawsuit filed by Yuga Labs

As updated in a Coincu News article, the NFT community shared a YouTube video over an hour-long post on June 20, claiming to “unveil” the truth about the ideals behind the most popular NFT project today, now Bored Ape Yacht Club (BAYC). Throughout the video want to emphasize that the NFT project is fascist and racist.

In response, on the morning of June 25, the founders of Bored Ape Yacht Club, represented by Gordon Goner, published a blog post refuting the allegations. In the article, Gordon Goner stated that the four founders of BAYC had no reason to support fascism with Jewish, Turkish, Pakistani, and Cuban backgrounds. Goner also alleges it’s just a conspiracy to smear the project to sell NFT.

When Ryder Ripps – who started it all – launched an NFT collection that was a 100% copy of BAYC, Yuga Labs decided to sue him for “trademark infringement”.

To prepare for the trial, Ryder Ripps hired an attorney representing Louis Tompros from the law firm Wilmer Hale. This lawyer is well known in the NFT circles for being the representative of the creators of “Pepe the Frog”.

Tompros is a seasoned IP litigator, known for representing Pepe the Frog creator Matt Furie in multiple suits against far-right organizations accused of co-opting Pepe as a racist and white supremacist meme. 

“The complaint appears to be an attempt to shut down Ryder’s artistic criticism of Bored Ape Yacht Club as racist and as problematic for a variety of other reasons,(…). Our plan is to respond, to explain why the lawsuit is baseless and why the use of trademark law in this type of context is inappropriate.”

Tompros told Decrypt

When asked whether Ripps would be inclined to settle, or take this case all the way to trial, Tompros responded

“We’re perfectly happy to let this go to trial and let the court resolve it. I’m involved for exactly that purpose.”

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page

Foxy

Coincu News

Victor

Recent Posts

Bitcoin Spot ETF Inflows Hit $1 Billion Led By BlackRock

Bitcoin Spot ETF inflows hit $1.005B on Nov 21, led by BlackRock’s $608M and Fidelity’s…

8 minutes ago

Best Altcoins to Buy Today: Qubetics Rides 1000x Potential to Hit $2.6M, Ethereum Stays Rangebound, Tron USDT Transactions Hit $52B

Discover the best cryptos to buy and hold today: Qubetics leads with 1000x potential, Ethereum…

2 hours ago

Trump Media Company Is Pushing New Venture For Crypto Service

With the platform facing a cracked whip, Trump Media company is expanding into new business…

3 hours ago

Crypto Advisory Council Now A White House Position Attracting Leaders

Major crypto firms, including Ripple, Kraken, and Circle, are competing for spots on President-elect Donald…

4 hours ago

Analyst Sounds Major Breakout Alert Amid Shiba Inu, WallitIQ, And Dogecoin Price Recoveries

Analysts highlight a breakout alert as Shiba Inu (SHIB), and Dogecoin show signs of recovery…

4 hours ago

SEC Chair Gary Gensler Will Lose Power From January 20

SEC Chair Gary Gensler will step down on January 20, 2025, coinciding with President-elect Donald…

4 hours ago

This website uses cookies.