Two NFT Artists Ordered to Pay $9 Million to Yuga Labs for Infringing BAYC Designs, Turmoil to Continue

Two NFT artists, Ryder Ripps and Jeremy Cahen, have been ordered by a US court to shell out $9 million (roughly Rs. 74 crore) from their pockets and pay the sum to Yuga Labs, the creator of Bored Apes Yacht Club (BAYC) NFTs. The two parties have been embroiled in an intense legal battle since … Read more

BAYC Creator Yuga Labs Debuts Layer-3 Network ApeChain: All You Need to Know

Yuga Labs, the creator of the popular Bored Apes Yacht Club (BAYC) NFT ecosystem, has announced a significant development for its community. This week, the platform launched ApeChain, a Layer-3 blockchain built on the Arbitrum One blockchain. This means that Ethereum serves as ApeChain’s motherchain, providing the foundational network for Arbitrum One. ApeChain is designed … Read more