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Yuga Labs Says it Wins First Bored Ape Trademark Lawsuit Against RR/BAYC Project

Yuga Labs, the company behind the leading non-fungible token (NFT) project, Bored Ape Yacht Club (BAYC), won a settlement on Monday in a trademark infringement lawsuit against Thomas Lehman, a collaborator in the RR/BAYC project headed by artist Ryder Ripps, according to court filings. Yuga Labs, which has a US$4 billion valuation, brought the case against Lehman in the District Court of New York last month for his part in the RR/BAYC project involving 10,000 NFTs that share similar names and traits to BAYC. He allegedly helped create the smart contract for that collection. (forkast)

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