The creator of the Bored Ape Yacht Club non-fungible tokens (NFTs) needs to better prove that a “satirical” version of these tokens was meant to mislead would-be buyers, a U.S. appeals court said Wednesday, overturning a lower court ruling and sending the case back to that lower court for a new trial. The U.S. Court … Read more
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
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