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Well, that’s one way to make money from NFTs.
Bored Ape Yacht Club creator Yuga Labs has been awarded over $1.5 million in damages, plus lawyer’s fees, for the trademark infringement lawsuit it won in April against Ryder Ripps and Jeremy Cahen, who had launched a copycat version of the NFT collection.
Defendants intentionally infringed Yuga’s BAYC Marks with a bad faith intent to profit from their use of those Marks. Indeed, even after Yuga filed this action and after the Court issued its April 21, 2023 Order, Defendants continued to market and promote their infringing RR/BAYC NFT collection and their Ape Market.
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