The U.S District Court for the Northern District of California found that Yuga Labs owns the BAYC trademarks, which are valid and enforceable, and that the defendants used the BAYC marks – referring to the images – to sell RR/BAYC NFTs without Yuga Labs’ consent and in a “manner likely to cause confusion,” with the similar product look confusing consumers intending to purchase an actual BAYC NFT or track their value with token tracking tools.
Source: https://www.coindesk.com/web3/2023/04/22/judge-rules-bored-ape-yacht-club-ripoff-nfts-violated-yuga-copyright/?utm_medium=referral&utm_source=rss&utm_campaign=headlines