Yuga Labs settles trademark case with artist

Yuga Labs, the creator of the Bored Ape Yacht Club NFT collection, has reached a settlement with "expressive appropriation artist" Ryder Ripps. The resolution comes after a protracted legal battle involving allegations of trademark infringement and dilution. Ripps had been accused of using Yuga Labs' intellectual property without authorization, leading to a contentious dispute that has now concluded. The terms of the settlement were not publicly disclosed, but the agreement marks the end of this significant legal challenge for the prominent NFT company.