{"id":12970,"date":"2022-06-26T22:03:48","date_gmt":"2022-06-26T22:03:48","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/yuga-labs-sues-artist-ryder-ripps-for-scamming-consumers-and-misusing-bored-ape-trademarks-bitcoin-news\/"},"modified":"2022-06-26T22:03:48","modified_gmt":"2022-06-26T22:03:48","slug":"yuga-labs-sues-artist-ryder-ripps-for-scamming-consumers-and-misusing-bored-ape-trademarks-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/yuga-labs-sues-artist-ryder-ripps-for-scamming-consumers-and-misusing-bored-ape-trademarks-bitcoin-news\/","title":{"rendered":"Yuga Labs Sues Artist Ryder Ripps for ‘Scamming Consumers’ and Misusing Bored Ape Trademarks \u2013 Bitcoin News"},"content":{"rendered":"

(Originally posted on : Bitcoin News )<\/b>
\n<\/p>\n

\n
\n<\/header>\n
\n<\/div>\n

The creators of the popular non-fungible token (NFT) project Bored Ape Yacht Club (BAYC), Yuga Labs, have sued the artist dubbed Ryder Ripps and collaborators for attempting to devalue the BAYC brand. Yuga Lab\u2019s lawsuit claims Ripps and associates trolled the company and started \u201cscamming consumers into purchasing RR\/BAYC NFTs by misusing Yuga Labs\u2019 trademarks.<\/strong><\/p>\n

Yuga Labs Files Lawsuit Against Ryder Ripps, Aims to \u2018Fight Against Slanderous Claims\u2019<\/h2>\n

A lawsuit has been filed by Yuga Labs in the state of Califonia against the artist Ryder Ripps and a few associates. The company spoke about the lawsuit on June 24 via Twitter and said<\/a> that support from the community was \u201coverwhelming.\u201d<\/p>\n

\u201cWe will continue to be transparent with our community as we fight these slanderous claims,\u201d Yuga Labs said. \u201cIn order to put a stop to the continuous infringement, and other illegal attempts to bring harm to us and the BAYC community, we have filed a lawsuit against the responsible parties. We will continue exploring and pursuing all legal options at our disposal.\u201d<\/p>\n

Yuga Labs accuses<\/a> Ryder Ripps of \u201cseeking to devalue\u201d official BAYC NFTs with a copycat collection called RR\/BAYC NFTs. The lawsuit claims that original BAYC images were used and Ripps is accused of marketing the NFTs as official BAYC products.<\/p>\n

Yuga Labs\u2019 trademarks were also allegedly used in Ripps\u2019 \u201cApe Market\u201d NFT marketplace. The lawsuit adds that this is \u201cno mere monkey business\u201d and that Ripps\u2019 actions were a \u201cdeliberate effort to harm Yuga Labs at the expense of consumers.\u201d<\/p>\n

During the first week of February, Ryder Ripps accused<\/a> Yuga Labs\u2019 trademarks of having \u201cNazi ties.\u201d Yuga Labs co-founder Gordon Goner responded<\/a> to the accusations in a Medium blog post and stressed that the allegations are \u201cinsanely far-fetched.\u201d<\/p>\n

The blog post gives a full summary of why the BAYC creators chose to use Apes, the inspiration behind the design of the BAYC logo, and the company name, Yuga Labs. The lawsuit accuses Ripps and several cohorts of \u201cperpetuating a scam.\u201d<\/p>\n

The lawsuit notes that Ripps claims his actions are \u201csatire,\u201d but Yuga Labs insists Ripps raked in millions of ill-gotten profit from the RR\/BAYC NFT collection. Yuga Labs believes Ripps and the collection will continue to damage the business. Ripps continues to tweet<\/a> about the alleged connection between specific symbols Yuga Labs leverages.<\/p>\n

The RR\/BAYC NFT collection\u2019s creator also tweeted<\/a> about the \u201cterms people who purchased RR\/BAYC\u2019s agreed to\u201d which says the customer \u201cunderstands that this is a new mint of BAYC imagery, re-contextualizing it for educational purposes, as protest and satirical commentary.\u201d<\/p>\n

\n
\nTags in this story
\n<\/h6>\n
Accusations<\/a>, BAYC<\/a>, BAYC community<\/a>, BAYC creators<\/a>, Bored Ape Yacht Club<\/a>, Bored Apes<\/a>, Gordon Goner<\/a>, Lawsuit<\/a>, lawsuit NFT<\/a>, legal options<\/a>, nft<\/a>, NFT lawsuit<\/a>, NFTs<\/a>, Ripps<\/a>, RR\/BAYC<\/a>, RR\/BAYC NFT collection<\/a>, Ryder Ripps<\/a>, Satire<\/a>, Scam<\/a>, Trolling<\/a>, Yuga Labs<\/a><\/div>\n<\/div>\n

What do you think about the Yuga Labs\u2019 lawsuit against Ryder Ripps and the RR\/BAYC NFT collection? Let us know what you think about this subject in the comments section below.<\/strong> <\/em><\/p>\n

\n
\n<\/div>\n
\n
\nJamie Redman <\/h6>\n

\nJamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

\n
\n
\n<\/a>
\n<\/span>\n<\/p>\n<\/div>\n<\/div>\n

Image Credits<\/b>: Shutterstock, Pixabay, Wiki Commons, Feature cover credit: Bored Ape Yacht Club Art, Yuga Labs<\/em><\/p>\n

\n

Disclaimer<\/strong>: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com<\/a> does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.<\/p>\n<\/div>\n

\n