Bored Ape Creator Yuga Labs Claims 'Landmark Legal Victory' Over Copycat NFTs
Yuga Labs, the creator of Bored Ape Yacht Club (BAYC), claims to have achieved a “landmark legal victory” against copycat non-fungible tokens (NFTs). The company filed a lawsuit in August against anonymous NFT creators who released a project called “Bored Ape Kennel Club” (BAKC). Yuga Labs accused them of copyright and trademark infringement, as well as unfair competition.
The BAKC project featured pixelated dog images, similar to BAYC’s monkey images. The creators claimed that their project was a parody of BAYC, but Yuga Labs argued that it was a blatant copy intended to deceive consumers.
In October, Yuga Labs was granted a temporary restraining order against the BAKC creators, prohibiting them from selling or distributing their NFTs. Now, the company claims to have achieved a “landmark legal victory” after the BAKC creators agreed to a permanent injunction against them.
According to Yuga Labs’ statement, the BAKC creators “acknowledged that their project infringes on our intellectual property rights” and “agreed to stop using the Bored Ape Kennel Club name and all associated trademarks.” The creators are also required to transfer any proceeds from the sale of their NFTs to Yuga Labs.
The BAYC NFT collection has been a huge success, with some individual apes selling for millions of dollars. This success has led to numerous copycat projects that imitate the BAYC style, but Yuga Labs has been vigilant in protecting its intellectual property.
In its statement, Yuga Labs thanked its legal team for “their tireless work in securing this victory” and reiterated its commitment to protecting its intellectual property. The company also warned that it will continue to take legal action against anyone who attempts to infringe on its rights.
The BAKC creators have not yet commented on the settlement.
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