BAYC Sues Ryder Ripps for Trademark Misuse

  1. The NFT lawsuit against Bored Apes and Ryder Ripps Is being assessed by attorneys.
  2. Yuga claims trademark infringement by Ripps, Jeremy Cahen, and others.
  3. The outcomes of the lawsuit may allegedly not be enough to totally remove dishonest behavior.

A group of defendants, including Ryder Ripps, are being sued by the company that is responsible for the popular collections of Bored Ape Yacht Club (“BAYC”) tokens in a headline-making trademark case according to Bloomberg Law

The company is accusing Ryder Ripps and the other defendants of “trolling Yuga Labs and scamming consumers into purchasing RR/BAYC NFTs by misusing Yuga Labs’ trademarks.” 

In the complaint that Yuga Labs submitted to a federal court in the state of California on June 24, the company asserts that Ripps, Jeremy Cahen, and a number of other affiliated defendants are liable for trademark infringement. 

They are also liable for false designation of origin, cybersquatting, and conversion for developing and selling NFTs that bear “the very same trademarks that Yuga Labs uses to promote and sell authentic BAYC NFTs.”

Yuga Labs claims that Ripps has made “millions of ill-gotten profits from these sales” (an estimated $5 million) while using its trademarks to promote “the imminent launch of an entire NFT marketplace called ‘Ape Market’ solely to sell tainted copies of the Bored Ape NFTs.”

Yuga alleges that the defendant engaged in trademark infringement under common law, false designation of origin and false advertising in violation of the Lanham Act, cybersquatting, conversion, unjust enrichment, violations of the California Business and Professions Code, intentional interference with prospective economic advantage, and negligent interference with prospective economic advantage.

According to reports, Yuga Labs will continue to be an important company to keep an eye on. The results of these and similar cases may not be enough to completely eradicate unscrupulous actors, but the threat of expensive litigation may be enough to deter them, so assisting NFT ventures in gaining legitimacy in the eyes of customers.

Read Also :

disclaimer read more

Crypto News Land ( , also abbreviated as “CNL”, is an independent media entity — we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.

Godfrey Mwirigi is an enthusiastic crypto writer with an interest in Bitcoin, blockchain, and technical analysis. With a focus on daily market analysis, his research helps traders and investors alike. His particular interest in digital wallets and blockchain aids his audience in their day-to-day endeavors.

programmer & freelance writer