Yuga Labs do not copyright the photos in the BAYC NFT collection. The details come from court records related to Ryder Ripps’ case.
According to court documents, Yuga Labs, the parent company of Bored Ape Yacht Club (BAYC), has no registered copyrights for images in their collection. This information was revealed in the ongoing legal dispute between Yuga Labs and artist Ryder Ripps.
In his NFT collection called RR/BAYC, Ripps utilized pictures from the well-known NFT collection. In addition to cybersquatting, trademark infringement, and misleading advertising, Yuga Labs has filed a lawsuit against Ripps. For copyright violations, BAYC’s parent firm has not filed a lawsuit against Ripps.
It’s an intriguing twist in the lawsuit, and it has generated a lot of debate over the apes’ copyright status. The court document states,
Registration of a copyright is not required to own one; it is required to file suit on one. The Court should not wade into whether Yuga Labs has a copyright in its Bored Ape images, because such an opinion would be merely advisory; Yuga Labs does not have a registered copyright, and there is therefore no imminent threat of a lawsuit for copyright infringement.
The Bored Ape Yacht Club collection’s popularity lately declined despite still being one of the most well-liked NFT lines available. The project’s 24-hour sales volume decreased by 30%, while the sales value fell by 12.% to $1.1 million.
BAYC Celebrity Promoters Sued In Class Action Lawsuit
Celebrities including Justin Bieber, Madonna, Steph Curry, and Paris Hilton face class action lawsuits for promoting Bored Ape NFTs. A lawsuit filed in California in December accuses the celebrities of violating state and federal laws.
Talent manager Guy Oseary, who invested in MoonPay, allegedly paid celebrities to support the Bored Ape collection via funds sent by MoonPay.
Furthermore, Yuga Labs refuted the allegations. Despite numerous legal disputes, the firm releases new albums, like the recently-released Sewer Pass.
Yuga Labs filed lawsuits against Ryan Hickman and Thomas Lehman for tricking customers into buying fake BAYC NFTs via their NFT marketplace.
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According to Yuga Labs, Hickman and Lehman allegedly took part in the sales of Ripp’s NFTs. According to the business, Hickman played a crucial role in the RR/BAYC initiative.
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