BAYC Creator Yuga Labs Emerges Victorious In Copyright Case
Yuga Labs, creator of the Bored Ape Yacht Club (BAYC) NFT collection, has won a pre-trial summary judgment in its trademark infringement case against Ryder Ripps and Jeremy Cahen. The RR/BAYC NFT collection contained identical copies of Bored Apes and used marketing material similar to that of BAYC. The court found that the duo utilized BAYC trademarks without Yuga Labs' consent, potentially causing confusion amongst buyers. The court ruled that Yuga Labs was entitled to an injunction and damages, which will be determined during a trial. Yuga Labs had initially asked for $200,000 in statutory damages, but this claim was dismissed. The BAYC creators described the judgment as a win for the entire Web3 industry.
NFT Market Slump: Prices of Top Collections Drop Below $100K Amid Blame Game and Market Challenges
The prices of NFTs from well-known collections such as CryptoPunks and Bored Ape Yacht Club have dropped sharply, with floor prices slipping below $100,000 for the first time in months.
Bored Ape Whale Banks Nearly $3 Million After Selling 27 of the Popular NFTs
Well-known Bored Ape Yacht Club holder known as @franklinisbored on Twitter announced they sold “a lot” of non-fungible tokens from the blue-chip collection created by Yuga Labs.
PeckShield Warns Users About Losing Staked APE When Selling NFTs in Pools
PeckShield warns users about the potential risks associated with staking $APE in NFT pools and selling the NFTs afterward.
Mutant Apes Take the Lead in Serum City, an ApeCoin-Powered Ethereum NFT Game
Novel Labs and Mutant Cartel founder Lior Messika is set to develop Serum City, a city-builder game that uses Ethereum and ApeCoin as its primary in-game currency. Mutant Apes, Bored Ape Yacht, Genesis Oath, or Mutant Hound NFT collections owners are required to play the game at launch, with Serum City gradually opening access with each new season of content.
Yuga Labs Joins Gucci to Announce Otherside-Themed Jewelry
Luxury fashion house Gucci and Yuga Labs, the company behind Bored Ape Yacht Club, have announced Otherside: Relics by Gucci, a limited-edition series of physical Gucci products and NFTs tied to Yuga's metaverse game, Otherside. The first "Relic" to be released will be the KodaPendant, an NFT that represents both a physical piece of jewellery and a non-fungible token that unlocks perks in the Otherside metaverse. Exactly 3,333 KodaPendants will be available for sale beginning on April 6, and can only be bought with Apecoin, Yuga's native cryptocurrency. The KodaPendant will unlock unique cosmetic options for Otherside avatars, and holders of KodaPendants will also be able to claim a real, physical piece of jewellery from Gucci later this year. (Decrypt)
Yuga Labs and Gucci Team Up for Limited-Edition NFT-Backed Physical Jewelry Collection
Yuga Labs, the company behind the Bored Ape Yacht Club NFT collection, has announced a collaboration with luxury fashion house Gucci to release Otherside: Relics by Gucci, a limited-edition series of physical Gucci products and associated NFTs tied into the lore of Otherside, Yuga's long-awaited ape-themed metaverse game.
Bored Ape Yacht Club Provides Sneak Peek of Upcoming HV-MTL Collection
NFT project Bored Ape Yacht Club has announced a glimpse of its upcoming HV-MTL collection. The <a href="https://hv-mtl.com/">official website </a>for the upcoming HV-MTL collection from Bored Ape Yacht Club has revealed that there will be a total of 8 types of HV-MTL NFTs. Of these, 7 types have been publicly displayed on the website, including GLITCH, DYNAMIC, BIO, KNIGHT, CELESTIAL, REAVER, and HOLO.
Bored Ape Yacht Club Teases HV-MTL Collection with 8 Types of NFTs, 7 Types Publicly Displayed
7 types have been publicly displayed on the website, including GLITCH, DYNAMIC, BIO, KNIGHT, CELESTIAL, REAVER, and HOLO.
Gucci Joins Hands With the Company Behind the Bored Ape Yacht Club
Gucci is strengthening its relationship with Web3.
On Monday, the luxury brand announced a multi-year partnership with Yuga Labs, the Web3 company behind several well-known NFT collections, including Bored Ape Yacht Club, Cryptopunks, Mebits, and Narrative NFT Project 10KTF.
