Yuga Labs, the company behind Bored Ape Yacht Club, has filed a lawsuit against Ryder Ripps, claiming the online provocateur has been “scamming” buyers with falsely equivalent NFTs in a “deliberate effort to harm Yuga Labs at the expense of consumers.”
(2/2) … us and the BAYC community, we have filed a lawsuit against the responsible parties. We will continue exploring and pursuing all legal options at our disposal.
NFTs, or non-fungible tokens, are unique blockchain tokens that prove ownership over digital or physical assets, such as pieces of artwork or items in video games.
Ripps, referred to in the suit as “a self-proclaimed ‘conceptual artist,'” is the creator of RR/BAYC, an Ethereum NFT collection that features identical BAYC images he did not purchase. Ripps first began minting his RR/BAYC NFTs on May 13 on Foundation, and after Yuga sent him an initial DMCA takedown claim, it quickly rescinded the claim when Ripps fought it. OpenSea, the largest NFT marketplace, has since removed Ripps’s collection because of “a claim of intellectual property infringement,” but not before it saw nearly $3.5 million in total volume traded.
Ripps responded to the lawsuit on Twitter, but didn’t respond to Decrypt on Friday when asked for additional comment about a blog post by BAYC co-founder Gordon Goner (real name Wylie Aronow) that called Ripps a “demented troll.”
are they going to sue dame dash and ethan klein too?