Yuga Labs, the $4 billion company behind dominant $NFT brand Bored Ape Yacht Club (BAYC), notched a small but potentially meaningful victory in its ongoing legal battle against the conceptual artist and internet provocateur Ryder Ripps. The firm reached a settlement Monday in federal court with one of Ripps’ collaborators on the artist’s controversial RR/BAYC project.
Thomas Lehman, a developer who assisted Ripps in creating the smart contract for that collection, has settled with Yuga after the company sued him for trademark infringement late last month.
In early 2022, Ripps began circulating allegations that Bored Ape Yacht Club NFTs contained hidden pro-Nazi and racist imagery. Then in May—in what he claimed to be a political and artistic statement—he sold a copycat collection of 10,000 Bored Ape NFTs. Ripps said the collection highlighted Yuga’s Nazi ties as well as legal questions related to the reproducibility of NFTs.
decrypt.co