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NFT Artist Ryder Ripps Must Dish Out $9M to Yuga Labs

NFT artist Ryder Ripps and associate Jeremy Cahen must pay Bored Ape Yacht Club (BAYC) developer Yuga Labs nearly $9m in profit disgorgement. Both have been permanently banned from using the BAYC identifier in any logos or trademarks, a final court judgment on Friday showed. Additionally, US District Judge John Walter ordered them to transfer any infringing intellectual property. This includes codes, passwords, and credentials, to Yuga Labs within two weeks. They must dispose of any remaining Ryder Ripps/BAYC NFTs they have, or surrender them to Yuga Labs to burn. Yuga Labs has emerged victorious in the precedent-setting NFT case.

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