Yuga Labs, creators of the popular Bored Ape Yacht Club NFTs, received a counterclaim in an ongoing lawsuit against an artist and his business partner who allegedly forged “copycat” versions of their NFT collection.
“Each of these NFTs is an entry on a decentralized digital ledger and entirely unique by design, making them both non-fungible and impossible to copy,” a filing by artist Ryder Ripps and the founder of NFT marketplace Not Larva Labs Jeremy Cahen, says.
Yuga Labs filed the lawsuit in June, accusing Ripps and Cahen of copying their NFT collections and devaluing the original Bored Ape products. The pair have denied the allegations.
Ripps and Cahen claim that their take on the BAYC collection, called RR/BAYC, does not infringe on the copyright owned by Yuga Labs. Furthermore, they claim they “used conceptual art to critique hateful imagery” they saw used by the Bored Ape NFT maker.
"Our lawsuit [holds] Ripps and Cahen accountable for their obvious and blatant theft of Yuga Labs’ trademarks,” a Yuga Labs spokesperson told The Block earlier this month. “They intentionally misled consumers and made millions by using Yuga’s intellectual property to market and sell copycat NFTs. We will continue to prove these facts as the case progresses."
The U.S. District Court of Central California denied a motion by Ripps and Cahen to dismiss the lawsuit earlier this month.
Yuga Labs also faces a lawsuit on a different front. Californian law firm Scott + Scott filed a class-action suit against Yuga Labs and almost 40 people and companies, alleging they were part of “a vast scheme” of undisclosed celebrity endorsements to promote products like BAYC. A Yuga Labs spokesperson denied this.
Updated to reflect Yuga Labs' response to a request for comment.
© 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.