Yuga’s Trademark Case Results in $1.6M Fine for BAYC
After a California court ruled in favor of Yuga Labs, the Bored Ape community shared their reactacions.
Digital artist Ryder Ripps was fined $1.6 million for copyright infringement after he used BAYC’s images without permission in a parody collection. This ruling was issued by the Central District Court of California on October 25, 2023.
Ryder Ripps has been “trolling Yuga Labs and deceiving consumers into buying non-fungible token (NFT) packages by misusing Yuga Labs’ trademarks,” according to the court papers.
District Judge John F. Walter is especially critical of how Ryder Ripps advertises his fake Bored Ape Yacht Club NFTs, saying, “He also markets these copycat NFTs as falsely comparable to an authentic Bored Ape Yacht Club NFT.” In other words, the Judge rules that Yuga Labs owns the RR-BAYC NFTs.
The widespread acceptance of Bored Apes is the key point of contention here. According to MTV and Rolling Stone, BAYC is the “epitome of coolness for many,” guaranteeing its members a private, entertainment-focused society.
In the end, the judge in California ordered Ryder Ripps and his business partner Jeremy Cahen to pay $1.6 million in damages, the amount that might have been earned from the RR-BAYC NFT drops.
Positive energy, words of encouragement, and playful sarcasm have been the predominant responses from X’s crypto community.
Indeed, the famous digital artist Beeple was moved by the shocking resolution of Yuga Labs’ copyright infringement case to represent victory for the Bored Apes, ironically appending the crypto native lingo “FAFO” to the statement. Though the price of BAYC NFTs hasn’t moved much in response to the announcement, ApeCoin (APE), the cryptocurrency of the Bored Ape community, has surged 21.5% in the last week to reach $1.31.