In the grand theatre of justice, it has become apparent that the esteemed Yuga Labs, the illustrious architects behind the enigmatic Bored Ape Yacht Club (BAYC) assembly of non-fungible token delights, have been ushered back to the district court, much like a wayward pupil returning to their tutor’s stern gaze.
Yuga Labs: Back to the Drawing Board!
On the fated day of Wednesday, the Ninth Circuit Court of Appeals, with all the gravitas of a nation’s debate over tea preferences, has partially overturned a judgment that Yuga Labs so triumphantly heralded in its lawsuit against the glittering pair, Mr. Ryder Ripps and Mr. Jeremy Cahen.
In a most inventive move of 2022, these gallant gentlemen introduced the Ryder Ripps Bored Ape Yacht Club (RR/BAYC), a collection featuring copies so eerily similar to Yuga Labs’ own, one might wonder if a mirror had been employed. Their defence? A satirical riposte to the original NFTs, buttressed with claims of an unsavory history interwoven within the original imagery—oh, the audacity! 😂
In haste, Yuga Labs, not wishing to lose their culinary meal ticket, initiated a lawsuit of trademark infringement—a culinary operation, if you will, where accusations were served that Ripps and Cahen had misled the public into believing their creations were akin to those of BAYC under the guise of wit all too sharp. Furthermore, they lamented the damages inflicted upon their honour by such grievous allegations.
The court, in its wisdom, seemingly favoured Yuga Labs in 2023, offering a ruling that they were indeed the rightful heirs to the BAYC trademarks and that Ripps and Cahen had gallantly trodden upon sacred ground without permission—leaving a trail of confused souls yearning for authentic Bored Ape NFTs. Yuga proclaimed this ruling “a win for the entire Web3 industry.” Talk about a modest victory dance! 💃
As the plot thickens, initial damages of $1.6 million escalated—some say due to the inflated egos involved—to the grand total of $9 million, following Ripps and Cahen’s rather ambitious counterclaim. Ah! The games some play! 🎭
Moreover, the dynamic duo attempted to counterattack Yuga Labs, invoking the Digital Millennium Copyright Act—a bold move indeed, if not slightly misguided—seeking a declaration that Yuga could not hold sway over the realm of Bored Apes. Quite the cheek, good sirs! 😏
A Noteworthy Triumph for NFT Enthusiasts!
The three wise judges, in their latest deliberation, have not only affirmed some prior findings but have also reversed portions, remanding the matter with gusto. The panel concluded that NFTs, those whimsical digital tokens, are indeed susceptible to trademarking under the revered Lanham Act, that bastion which shields marks associated with “any goods or services.”
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2025-07-25 06:43