Policy & Regulation

Legal Blow to RR/BAYC NFTs: Judge Sides with Yuga Labs

Author : Renuka K

A judge has dismissed Ryder Ripps and Jeremy Cahen's counterclaims in their legal battle with Yuga Labs, ordering them to pay nearly $9 million and transfer any unauthorized Bored Ape Yacht Club (BAYC) NFTs they created to Yuga Labs. The decision, which is subject to appeal, highlights copyright infringement issues within the NFT space.

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