The #USCourt of #Appeals ruled that #NFTs qualify for #trademarkprotection under the #LanhamAct, sending the case between #YugaLabs and #RyderRipps back to a lower court for trial. Yuga Labs is entitled to trademark protections for its #BoredApe NFTs, but vacated the $9 million penalty and injunction against Ripps’ collection. https://www.theblock.co/post/364012/nfts-qualify-for-trademark-protection-ninth-circuit-rules-sending-yuga-labs-case-back-for-trial?eicker.news #tech #media #news

Yuga sued Ripps after he created an NFT project with BAYC images, which he says was an act of appropriation art to protest what he alleges are racist elements in the Bored Apes project. He views the ensuing trademark suit as an attempt to silence his speech.

#YugaLabs #RyderRipps #crypto #BoredApes #BAYC #NFT

Ripps and his co-defendant have both expressed that they felt that my coverage of the case has been biased against them. After I replied to an email from him, Ripps agreed to an on-the-record interview.

#YugaLabs #RyderRipps #crypto #BoredApes #BAYC #NFT

I spoke to Ryder Ripps, a defendant in the trademark lawsuit from Yuga Labs (Bored Apes) that I've been covering for quite some time now. He was recently ordered to pay $9 million — mostly in Yuga's attorney's fees — and is appealing the case.

https://www.citationneeded.news/yuga-labs-ryder-ripps-interview

#YugaLabs #RyderRipps #crypto #BoredApes #BAYC #NFT

"The Monkey Fraud": An interview with Ryder Ripps

An interview with Ryder Ripps, a defendant in the Yuga Labs v. Ripps case about Bored Ape Yacht Club trademark infringement and racism.

Citation Needed

Yuga doesn't seem to buy that Ripps and Cahen can't afford the $120K, claiming that since the court order they've seen Cahen withdraw $30,000 from a crypto wallet he owns to an exchange, and drop $11,200 on an NFT.

#YugaLabs #RyderRipps #BAYC #crypto

They've also asked the court to sanction both Ripps and his co-defendent Jeremy Cahen for not transferring $120,000 within two weeks, as stipulated. Counsel for Ripps and Cahen say the two are unable to pay, and that Yuga needs to obtain a writ of execution to enforce the judgment.

#YugaLabs #RyderRipps #BAYC #crypto

Yuga's not buying that at all:

#YugaLabs #RyderRipps #BAYC #crypto

Ripps claims he did this in order to "permanently ensure that [he] did not inadvertently engage in any activity on any cryptocurrency wallet that could be interpreted as violating the Court's earlier October 25, 2023 injunction."

#YugaLabs #RyderRipps #BAYC #crypto

Yuga Labs has asked the court to sanction Ryder Ripps for destroying private keys to wallets containing RR/BAYC NFTs, despite knowing he would likely be subject to an injunction requiring him to transfer or burn the NFTs.

#YugaLabs #RyderRipps #BAYC #crypto