Yuga Labs goes to court. Ape Ape Hate

All year long Yuga Labs and their collections keep popping up along with some hot sh!t; what is it this time? This time the ape creators are going to court to punish a fascinating individual for defamation.

Ryder Ripps is the kind of internet provocateur and part-time artist who has worked for Nike, Bruno Mars and Yuga Labs. He's the one who made the FUD wave about the Nazi Easter eggs in BAYC, but he won't be dragged to court for slander but copyright infringement. In May 2022, Ripps launched an NFT collection using the same images, logos and marks belonging to BAYC and made almost two million quid.

The community has already reacted negatively, but copyrights are copyrights, and the most humane American court will sort it out. The situation has already sparked public interest; it has become more detailed and will undoubtedly leave its mark on the development of JPEGs as property.

Moni education:

When discussing Non-Fungible Tokens (NFTs), “fungibility” refers to an object’s ability to be exchanged for another. For example, an individual dollar is considered fungible as we can trade dollars with one another. Artwork is usually deemed non-fungible as paintings, sculptures, or masterpieces are likely to be unequal in quality or value. A non-fungible token is a type of token that is a unique digital asset and has no equal token. This is in contrast to cryptocurrencies like ether that are fungible in nature.