Yuga Labs Sues Artist Ryder Ripps for Alleged Monkey Business

One of the most popular and valuable NFT (non-fungible token) brands of digital collectibles is the Bored Ape Yacht Club (BAYC). According to news sources, Yuga Labs, the team behind it has filed a lawsuit against the artist called Ryder Ripps and collaborators for allegedly trying to devalue the brand and for misusing its trademarks.

Filed in California, the lawsuit described Ripps, whose real name is Rodney Ripps, as “a self-proclaimed conceptual artist,” and the man behind the RR/BAYC, which is an NFT collection featuring Bored Ape Yacht Club images Ripps did not buy.

Moreover, the lawsuit alleged that the “conceptual artist” is “seeking to devalue” the official Bored Ape Yacht Club NFT with a rip-off collection dubbed RR/BAYC NFTs, adding that he used the original BAYC Non-Fungible Tokens. It also claimed that Ripps is trying to market the knock-off NFTs as official BAYC products. Additionally, Yuga Labs accused the artist of using the company’s Ape Market trademark in his NFT marketplace. The lawsuit further noted that Ripps’ actions were “no mere monkey business” and that his actions were a “deliberate effort to harm Yuga Labs at the expense of consumers.”

For Yuga Labs, Ripps’ and his collection will continue to harm the business. The team also said, “These actions are calculated, intentional, and willful with the stated purpose of causing actual and monetary harm to Yuga Labs and the holders of authentic Bored Ape Yacht Club NFTs.”

Next level technology, but the same old human problems, right? That’s because legal disputes are EVERYWHERE! And when those things negatively impact YOU and/or YOUR business including bankruptcies, landlord/tenant matters including unlawful detainers, contract issues, nuisance ADA claims and even collections, call in your good guy business litigator, Dean Sperling to resolve YOUR matter with YOUR best interests in mind!

More on the case:
https://www.ibtimes.com/no-mere-monkey-business-yuga-labs-sues-artist-ryder-ripps-allegedly-scamming-3553107