'Yuga Labs owns its copyrights.'
"Through months of intensive research," Ripps' statement on the collection's site reads, "myself and other community members have discovered extensive connections between BAYC and subversive internet nazi troll culture."
Along with trying to reappropriate the Bored Apes to send a message about his extremism allegations, Ripps also claims on the collection's website that the project is meant as a statement about copyright and ownership in the NFT space. In its filing, Yuga Labs added that it believes a "lack of federal copyright registration does not mean an entity does not own copyright," and that "when provenance is documented... copyright protection is automatic."
As such, the company says that there is "no confusion" about its NFT holders retaining their Ape rights, and slapped Ripps with a motion to dismiss when he tried to issue a counterclaim upon the copyright revelation. Importantly, it's worth noting that Yuga is not suing Ripps for violating copyright law at all, but rather
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Yuga Labs Reaches Settlement in Bored Ape NFTs Trademark LawsuitThe parent company of BoredApeYC NFTs, yugalabs, has resolved a suit with Thomas Lehman, who built websites and smart contracts for a copycat NFT project, “RR/BAYC.” tobyleah reports:
Read more »
Yuga Labs Reaches Settlement With Ryder Ripps Collaborator in Bored Ape NFTs Trademark LawsuitYuga Labs, the parent company of the Bored Ape Yacht Club NFT project, has reached a settlement with Thomas Lehman, who built websites and smart contracts for Ryder Ripp's copycat project 'RR/BAYC.' Leichtman Law PLLC Managing Partner David Leichtman discusses the details of the settlement, sharing insights into the trademark and copyright considerations for digital collectibles. Plus, his take on the Hermès vs. MetaBirkin trial.
Read more »
BAYC creator Yuga Labs settles trademark infringement lawsuitYuga Labs settled a legal dispute with the developer who created the websites hosting 'copycat' collections of Bored Ape Yacht Club NFTs.
Read more »
Yuga Labs settles lawsuit with developer involved in copycat BAYCsThomas Lehman and Yuga Labs have come to an out-of-court agreement, but the firm is still suing copycat BAYC creators Ryder Ripps and Jeremy Cahen.
Read more »
StarkWare partners with Chainlink Labs to expand StarkNet capabilitiesStarkWare is joining the Chainlink SCALE program, making Chainlink price feeds available on the StarkNet testnet.
Read more »
Ben Affleck’s Grumpy Grammy Face Is Easily Explained: SourceShots of the actor looking bored out of his mind went viral for the umpteenth time.
Read more »