Everything About Yuga Labs’ Lawsuit

Briefly –

  • Yuga Labs has filed a suit against individuals criticizing the BAYC (Bored Ape Yacht Club) NFT project.
  • The BAYC NFT project has encountered conspiracies about having racist undertones.
  • BAYC co-founder Gordon Goner had earlier (this week) tried to demystify such assertions.

Yuga Labs, the project behind the famous Bored Ape Yacht Club NFTs, has declared filing a suit against parties criticizing the BAYC project. The Yuga Labs team twitted about continuing to explore and pursue all available legal options about the claims.

The team appreciated the BAYC community’s support as they tried to stop continuous infringements and various illegal attempts to hurt the project and the team. Yuga Labs declaring a suit against individuals slandering the Bored Ape Yacht Club project comes a day after BAYC co-founder Gordon Goner posted on Medium and Twitter to debunk conspiracies and rumors that the renowned project exhibited racist undertones.

Goner claimed that the Bored Ape Yacht Club project fell victim to a misinformation campaign referring to them as ‘Secrete-Nazis.’ He stated that the claims don’t match the crypto project. Gorner revealed Cuban, Pakistan, Turkish, and Jewish friends created the Bored Ape Yacht Club.

Furthermore, Yuga Labs released a letter on Medium about why the non-fungible token collection comprises apes, the motivation behind the company name, logo, and BAYC design. Yuga Labs filed the suit against critics such as Jeremy Cahen, Paulyox, and Ryder Ripps. It asserts Ryder Ripps is trolling Yuga Labs while scamming users to invest in this collection. Meanwhile, the company filed eleven causes associated with the lawsuit against Jeremy Cahen, Ryder Ripple, and other sensors.

Defendant Claims Lawsuit Victory

Jeremy Cahen tweeted on 25 June, stating that the BAYC suit will be one of a kind in Digital Art history. Moreover, he claims a win in the case based on Vitalik’s post on issues of censorship associated with blockchain technology.

Meanwhile, Gordon Gorner revealed that apes are tantamount to cryptocurrency. He stated that people have affectionately called themselves apes in cryptocurrency, the reason some valuable and rarest CryptoPunk NFTS, dating to 2017, are apes.

What are your thoughts about the BAYC lawsuit? You can comment below.

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