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NFT Trademark Defense Comes Down To Licensing Terms
By Kevin Pasquinelli
May 18, 2023
The April decision in Yuga Labs Inc. v. Ripps in the U.S. District Court for the Central District of California highlights the importance of carefully stating NFT licensing terms and conditions.1 Yuga — the creator and marketer of the Bored Ape Yacht Club collection of non-fungible tokens — prevailed recently on a motion for summary judgment that defendants Ryder Ripps and Jeremy Cahen had infringed BAYC's trademark through use of their own Ryder Ripps Bored Ape Yacht Club NFT collection.
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