The creator of the popular Bored Ape Yacht Club non-fungible tokens has sued an artist in Los Angeles federal court, accusing him of selling copycats that are confusing potential buyers.
that Ryder Ripps is purposely causing consumer confusion under the guise of satire and reaping millions in "ill-gotten profit" while "celebrating the harm he causes."
A statement on the website for Ripps' NFTs said Bored Ape Yacht Club has "extensive connections" to "subversive internet nazi troll culture" and that his work "recontextualized" the pieces.Ripps said in a Monday email that the lawsuit was part of an attempt by Yuga to silence his "research," and that people who reserved his NFTs knew they were "a protest against and parody of BAYC.
Yuga said in the complaint that Ripps has targeted it in a "campaign of harassment based on false accusations of racism," and the company's founders said in a Fridayappearing on the website Medium that "trolls" were "spreading ridiculous conspiracy theories online and using them to sell knockoff NFTs."
The company said in a Friday Twitter post that it will fight Ripps' "slanderous claims" and "continuous infringement." NFTs are digital tokens that use blockchain technology to verify an asset's authenticity. Yuga's Bored Ape Yacht Club is some of the most prominent NFT-based artwork. A set of Bored Apes
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