The Ryder Ripps and Bored Ape Yacht Club NFT feud continues as Yuga Labs files a hefty lawsuit against him. The recent documentary accusing BAYC of having an underlying racist agenda split the whole NFT industry. However now, the BAYC community are fighting back. Here’s what you need to know about the RRBAYC Vs Yuga Labs’ BAYC NFT lawsuit.
What are Yuga Labs Suing Ryder Ripps For?
Yuga Labs filed a lawsuit against Ryder Ripps and Philion for false advertising, trademark infringement, unjust enrichment and misleading consumers. All of this, they say, is part of a scheme to harass Yuga Labs. In a legal statement the BAYC lawyers claim Ryder Ripps’ NFT collection is “scamming consumers into purchasing RR/BAYC NFTs by misusing Yuga Labs’ trademarks”. The lawsuit also claims this is an effort to devalue the original Bored Ape NFT Collection and his “Ape Market” NFT Collection is “sowing confusion” about…
