The creators of the Bored Ape non-fungible tokens (NFTs) collection—one of the most well-known and highly prized collections of digital art—filed a federal lawsuit against an artist, alleging that he was "trolling" them and "scamming consumers" by creating and selling copies.
Yuga Labs' attorneys filed a lawsuit in the United States District Court for the Central District of California on Friday, claiming that their "Bored Ape Yacht Club" items have sold for millions of dollars.
They accused Ryder Ripps, a "self-proclaimed "conceptual artist,'" of attempting to devalue their works by "flooding the NFT market with his own imitation NFT collection using the original Bored Ape Yacht Club photos." Ripps sold his art under the moniker "RR/BAYC."
"This is no ordinary monkey business," the suit declared. "It is a deliberate attempt to hurt Yuga Labs at the expense of consumers by creating uncertainty about whether these RR/BAYC NFTs are sponsored, associated, or connected to Yuga Labs' official Bored Ape Yacht Club."
According to the suit, the value of Yuga Labs' 10,000 distinct and colorful ape NFTs lay not just in their novelty, but also in their benefits.
After acquiring one of the NFTs, you will have access to a "exclusive community" of Bored Ape owners who will have access to internet channels, as well as parties and events.
Last week's Ape Fest in New York City's Pier 17 featured performances by LCD Soundsystem, Haim, Future, and Eminem. The owners of a cartoon ape were given a QR code that permitted them to enter the event.
Comedian Jimmy Fallon, who announced his presence into the facility by tweeting "Permission to come a bored?" and musician Snoop Dogg ("When I APE in, I APE all the way in!!") are among the Bored Ape owners. According to his Twitter account, DJ Steve Aoki owns at least eight of the digital primates.