Yuga Labs Sues Ryder Ripps After Alleged Defamation Campaign | NFT CULTURE | NFTs & Crypto Art



It has been an interesting few weeks for BAYC and Yuga Labs. APEFest stole the show during NFT NYC, with many of the top names in the space providing an unprecedented experience throughout the week.  Then there’s the documentary that is making some bold claims about the project.  Finally there is the RR/BAYC project that has added to the friction.

“This is no mere monkey business… These actions are calculated, intentional, and willful with the stated purpose of causing actual and monetary harm to Yuga Labs and to the holders of authentic Bored Ape Yacht Club NFTs.”

Ripps’ NFTs have been removed from many platforms including OpenSea via DMCA notifications.

“Ripps claims his actions are “satire,” yet he conveniently rakes in millions in ill-gotten profit from sales of the RR/BAYC NFTs using Yuga Labs’ marks to make those sales. Copying is not satire, it is theft. And lying to consumers is not conceptual art, it is deception.”

 

 





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