Yuga Labs settles Bored Ape NFT lawsuit, ending fight over alleged copycat tokens

What Happened

Yuga Labs settled its two-year lawsuit against artist Ryder Ripps and Jeremy Cahen over their RR/BAYC NFT collection. The agreement permanently bars defendants from using Yuga's trademarks and imagery. Yuga originally claimed Ripps and Cahen sold lookalike tokens earning millions. Defendants argued their work was satire. A district judge awarded Yuga nearly nine million dollars, but an appeals court overturned it, requiring jury trial. Settlement avoids trial.

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