Bored Ape Yacht Club (BAYC) creator Yuga Labs has emerged victorious in a legal battle with Ryder Ripps, the co-creator of copycat NFT project RR/BAYC. Yuga Labs had filed a complaint against Ripps and his co-founder, Jeremy Cahen, alleging trademark infringement, false advertising, and unfair competition, among other things. The US District Court for the … Continue reading Bored Ape Yacht Club wins legal battle
The Securities and Exchange Commission (SEC) has charged Los Angeles-based media and entertainment firm, Impact Theory, LLC, with conducting an unregistered offering of crypto asset securities in the guise of non-fungible tokens (NFTs). The company, which raised an estimated $30 million from a broad spectrum of investors, including those from the U.S., is now under … Continue reading SEC Charges Impact Theory for Unregistered NFT Sales
As the calendar turned to 2024, a significant event in the world of digital art and copyright law occurred. The original version of Mickey Mouse, as seen in the 1928 short film “Steamboat Willie,” officially entered the public domain. This development marked the end of the Walt Disney Company’s copyright claim over this specific version … Continue reading Steamboat Willie Enters Public Domain, Inspires NFT and Meme Coin Craze
The realm of Non-Fungible Tokens (NFTs) continues to evolve with OpenSea at its forefront. The latest weekly digest from OpenSea for January 2024 provides a fascinating glimpse into the current trends, notable collections, and significant events shaping the NFT space. Highlighting Key NFT Collections One of the standout mentions in OpenSea’s January digest is the … Continue reading OpenSea: A Glimpse into January 2024's NFT Landscape