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Bored Ape Yacht Club

All articles tagged with #bored ape yacht club

cryptocurrency2 years ago•4 min saved

Investors Take Legal Action as Bored Ape NFTs Fail to Deliver Promised Returns

Investors have filed a class-action lawsuit against Sotheby's and other defendants, including celebrities like Paris Hilton and Justin Bieber, over the collapse in prices of Bored Ape Yacht Club non-fungible tokens (NFTs). The lawsuit alleges that Sotheby's misleadingly promoted the NFTs and colluded with creator Yuga Labs to artificially inflate their prices. The NFTs, which were once sold for over $400,000, can now be bought for as little as $52,445. The investors are seeking more than $5 million in damages and claim that a "vast scheme" involving multiple companies was used to manipulate the market.

via CNN|

#bored-ape-yacht-club #cryptocurrency #lawsuit

gaming2 years ago•3 min saved

'Wreck League' Mech Fighter Expands 'Yugaverse' with Bored Apes

Game developer nWay is developing Wreck League, a 3D mech-fighting game that will incorporate Ethereum NFT collections, including the Bored Ape Yacht Club, Mutant Ape Yacht Club, Koda creatures, and the Bored Ape Kennel Club. The game will launch in September and offer both an NFT-driven version and a free-to-play, non-crypto experience. nWay plans to work with other brands and projects in future seasons. Wreck League will focus on player-vs-player combat and will not become a MOBA game. The game will offer in-game mechs and parts as Ethereum NFTs, allowing players to assemble their playable mechs. While better mechs can provide an advantage, the game aims to strike a balance between skill, luck, and the quality of the mech. nWay will also allow mech NFT creators to sell their creations as playable characters to non-crypto players in the game's "Web2" store.

via Decrypt|

#bored-ape-yacht-club #competitive-gaming #gaming

gaming2 years ago•3 min saved

"Bored Apes Unleash Excitement in Otherside Game Test and Metaverse Demo"

Yuga Labs, the company behind the Bored Ape Yacht Club NFT project, showcased a new part of their upcoming metaverse game called Otherside. The exclusive event allowed around 40 NFT owners and superfans to test out a 3D space that recreated the Bored Ape vibe. The game is based on Yuga Labs' popular Bored Ape profile pictures and will eventually allow owners to build and co-create in the persistent online world. The event showcased the excitement of Ape holders seeing a virtual rendering of their NFT avatar, and Yuga Labs plans to roll out playable Otherside avatars of the entire Bored Ape Yacht Club collection. The demo demonstrated that Otherside is being built to turn the concepts and ideas around the valuable NFT property into an immersive world, with potential for other projects and creators to create their own custom experiences.

via Decrypt|

#bored-ape-yacht-club #game-development #gaming

gaming2 years ago•8 min saved

Yuga Labs' Plan to Reach the 'Otherside' with Bored Ape Creation.

Yuga Labs, the creator of Bored Ape Yacht Club, is working on scaling its Otherside game world from last year's massive NFT land drop and $1.25 billion worth of trading volume to date into a robust online world filled with Bored Ape-themed storytelling, social gameplay challenges, and NFT avatars of all kinds roaming the land. Yuga Labs is grappling with how to maintain the density of activity in the game world as it keeps testing and building towards a live product. The company plans to allow for more visits with a more regular schedule of tests and to open up the world to other builders by the end of this year, enabling the creation of user-generated content that will live on Otherdeed land plots and supplement Yuga's own work on the world.

via Decrypt|

#bored-ape-yacht-club #gaming #metaverse

business2 years ago•2 min saved

Yuga Labs Hires Top Talent to Drive Metaverse and NFT Innovation.

Yuga Labs, the web3 company behind Bored Ape Yacht Club and Otherside, has announced that Mike Seavers, former EVP of Development at Epic Games, will be joining the company as Chief Technology Officer. Seavers will lead innovation and technology strategy for Yuga's next stage of growth, succeeding current CTO and Co-Founder Kerem Atalay, who will remain with the company as a close strategic advisor. Yuga Labs aims to reinvent what real-world utility for NFTs looks like and push the space forward as a whole.

via PR Newswire|

#bored-ape-yacht-club #business #chief-technology-officer

cryptocurrency2 years ago•2 min saved

Bored Ape Yacht Club wins multiple trademark lawsuits over copycat NFTs.

Bored Ape Yacht Club creator Yuga Labs has won a lawsuit against conceptual artists Ryder Ripps and Jeremy Cahen, who were accused of trademark infringement over a parody of BAYC's non-fungible token (NFT) collection. A California court ruled that Yuga was entitled to protect the BAYC trademark and that Ripps and Cahen's project, known as RR/BAYC, isn't artistic expression protected by the First Amendment. The court also found that Ripps and Cahen broke rules related to cybersquatting. The amount of damages to be paid will be determined in a later trial.

via The Verge|

#art #bored-ape-yacht-club #cryptocurrency

legal2 years ago•2 min saved

Yuga Labs Prevails in Landmark NFT Copyright Case

Bored Ape Yacht Club creator Yuga Labs has won a pre-trial summary judgement in a trademark infringement case against Ryder Ripps and Jeremy Cahen over their copycat RR/BAYC NFT collection. The judge ruled in favor of Yuga Labs, stating that they are entitled to an injunction and damages. The defendants had claimed that their project was a parody protected by the first amendment, but the judge found that they had committed "false designation of origin." Yuga Labs described the judgement as a "landmark legal victory for Web3."

via Decrypt|

#bored-ape-yacht-club #legal #nfts

legal2 years ago•3 min saved

Yuga Labs Wins Legal Battle Against Bored Ape Yacht Club Copycats.

Yuga Labs, the company behind the Bored Ape Yacht Club (BAYC) NFT collection, has won a partial summary judgment in its case against Ryder Ripps and Jeremy Cahen, the duo behind the RR/BAYC NFT collection. The court found that the defendants used the BAYC marks to sell RR/BAYC NFTs without Yuga Labs' consent and in a “manner likely to cause confusion”. The court also determined that the defendants engaged in cybersquatting and had a malicious intent to profit. The determination of damages will be made during a pending trial.

via CoinDesk|