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 β€” mostly in Yuga's attorney's fees β€” 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

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

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

@molly0xfff
Me a few times back before knowing about NFT's and monkeys: "I don't get it? This seems like dumbest absolute bullshit, what am I not understanding here?"  

Turns out it actually was dumbest absolute bullshit and there wasn't anything more to understand. 

@molly0xfff At least in the "reminting" situation, it's kinda sorta like taking someone's copy of Windows and saying, "the wrapper agreement says you didn't really own it, so I didn't really steal it from you" to prove a point, and you DO prove a point, but then you get sued by MicroSoft because they actually do own it.

@molly0xfff Obviously not equivalent physical ownership, copy-vs-link, etc. But it's the same distinction between pseudo-buyer and original owner. The fact that ownership didn't transfer doesn't mean nobody owns it and anyone can display it for the purpose of soliciting money.

The disclaimer is... I don't know, but it seems like it doesn't deserve too much confidence unless there is some legal precedent.

@molly0xfff As far as the slightly modified knockoffs, if the monkey fraud company asserts that having the same monkey wear different sunglasses on their own website constitutes enough uniqueness to make each one worth thousand$, then it's logically incoherent for them to claim Ripps' variations dilute the value by being similar. BUT, unfortunately, being stupid hypocrites doesn't always wipe out legal rights.
@molly0xfff I just... I truly just HATE every sentence of that. I hate the names even more. 2024 is dumb and I frankly just hope all of the NFT-Bros end up get hit by whatever proverbial bus the universe sees fit to hit them with.
@molly0xfff That was a wild ride. He covered the entire range from "almost making some coherent, interesting points" to "Time Cube called and wants its word salad back."
@d2718 @molly0xfff He's certainly bombastic, but I think we owe it to ourselves to weigh his most absurd statement, your pick, against the absurdity of claiming a BAYC NFT is worth a million dollars, and that putting another link to it on a different blockchain does $1M in damages to yuga labs.
@saltfish @molly0xfff I'm not saying Yuga aren't also clowns, just that some of this guy's screed was, as they say, "not even wrong".