Ryder Ripps ordered to pay Yuga Labs $1.6M in copyright lawsuit

A United States district courtroom choose has ordered nonfungible token (NFT) artists Ryder Ripps and Jeremy Cahen to pay Bored Ape Yacht Membership creator Yuga Labs a complete of $1.57 million in disgorgement and damages, together with authorized charges, bringing an finish to the long-running “copycat” NFT lawsuit.

The Oct. 25 order follows an April 21 partial abstract judgement granted in favor of Yuga Labs after the agency claimed that Ripps and Cahen, the defendants, violated copyright legal guidelines by making copycat variations of its Bored Ape Yacht Membership (BAYC) collectibles.

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