Ryder Ripps says people knew they were buying fake apes.
The company behind Bored Ape Yacht Club has sued conceptual artist Ryder Ripps for selling duplicates of its Bored Ape non-fungible tokens or NFTs.
, filed in a California court this weekend, accuses Ripps of a “calculated, intentional, and willful” scheme to damage BAYC while promoting his own copycat work.. The series used BAYC images but connected them with a different crypto token and sold them for the equivalent of around $200 apiece, a bargain compared to the real thing, which currently sell for around $100,000 on the low end. “This is no mere monkey business.
The suit accuses Ripps of false advertising and trademark infringement among other offenses. It asks for financial damages and a court order demanding he cease infringing on BAYC’s work, including a ban on using “confusingly similar” domain names like apemarket.com.
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