The settlement avoids a trial and ends the dispute over the RR/BAYC NFTs, which claimed to parody Bored Ape Yacht Club, one of the most recognizable NFT brands. Yuga Labs settled its two-year lawsuit against artist Ryder Ripps and Jeremy Cahen over their RR/BAYC NFT collection, which reused Bored Ape imagery. The settlement bars them from using Yuga's trademarks. The dispute centered on whether the project was satire or trademark infringement. A judge initially awarded Yuga nearly $9 milli…
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