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Bored Ape NFT Lawsuit Settles, Affects Crypto Community
Yuga Labs has settled its copyright lawsuit against artists Ryder Ripps and Jeremy Cahen concerning the RR/BAYC NFT collection. The dispute centered on whether the collection constituted parody or infringed upon Yuga Labs' trademarks. The settlement prohibits Ripps and Cahen from using Yuga Labs' trademarks and imagery, setting a precedent for intellectual property rights in the NFT sector.
