Yuga Labsthe innovators behind the famous ecosystem NFT Bored Ape Yacht Clubannounced that they had settled a legal dispute, a trial, by reaching an agreement with developer Thomas Lehman regarding his role in the sale of a collection copied from BAYC. Also in June last year, yuga alleged that Ryder Ripps And Jeremy Cahen had imitated their collection and diminished the value of Bored Ape’s genuine assets. The duo, with a counterclaim, later disputed that charge. The report.
Yuga Labs Reaches Lehman Over Bored Ape NFT Plagiarism
In what could constitute a turning point in the management of property rights in the world of NFT, Yuga Labs, behind the famous digital art collection Bored Ape Yacht Club NFTreached an agreement with Thomas Lehman, the developer who participated in the creation of the websites and smart contracts for the Ryder Ripp project “RR/BAYC”, openly plagiarizing BAYC.
In June, Yuga Labs has brought a stock in court against the artist Ryder Ripps and Jeremy Cahen for having “sought to devalue”Genuine BAYC NFTs with counterfeit RR/BAYC NFTs. It is alleged that authentic photos of BAYC were used, and Ripps is accused of having marketed the NFT’s as genuine products from BAYC. But by filing separate lawsuits against Thomas Lehman in the Northern District of New York and against the promoter Ryan Hickman in Nevada federal court, Yuga added two additional lawsuits to his case against RR/BAYC.
Yuga Labs: The Lawsuit Settlement
According to recent reports, yuga claims that the developers were essential members of the team assembled by Ripps to produce NFTs”RR/BAYC” which used the logo and imagery of Bored Ape. After the lawsuit was settled, Lehman said: “I am pleased to have reached a settlement in the Yuga Labs, Inc. trademark lawsuit. I never intended to harm the Yuga Labs trademark and reject all derogatory statements made about Yuga Labs and its founders and appreciate their many positive contributions to the NFT space.” A spokesperson for Yuga Labs added : “We are pleased that Mr. Lehman has acknowledged his role in helping his former colleagues, Ryder Ripps and Jeremy Cahen, infringe Yuga Labs trademarks by developing, marketing and selling counterfeit NFTs..” Despite the conclusion of the agreement with Lehman, the dispute between the NFT giants Ripps and Cahen continues.
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