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A Legal Dispute Over Intellectual Property Rights of Bored Ape Kennel Club Logo

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According to reports, according to Garga.eth, the co-founder of Yuga Labs, in social media, there are similarities between the Bored Ape Kennel Club (BAKC) log…

A Legal Dispute Over Intellectual Property Rights of Bored Ape Kennel Club Logo

According to reports, according to Garga.eth, the co-founder of Yuga Labs, in social media, there are similarities between the Bored Ape Kennel Club (BAKC) logo and the similar design created by Easy Drawing Guides in April 2021. Easy Drawing Guides has noticed that Yuga Labs has no license to use the design, and also claimed that the relevant logo is its “original drawing” and owns the intellectual property rights of the logo image, and is protected by relevant terms and conditions.

Yuga Labs co-created: Bored Ape Kennel Club (BAKC) logo or will be replaced due to suspected infringement

Interpretation of the news:


The Bored Ape Kennel Club (BAKC) has been in the news lately for reasons other than its unique NFT offerings. According to reports, Garga.eth, the co-founder of Yuga Labs, has been accused of using a logo design that bears a striking similarity to the one created by Easy Drawing Guides in April 2021. Easy Drawing Guides has alleged that Yuga Labs has no legal right to use the design and that it owns the intellectual property rights to the logo image. It has also claimed that Yuga Labs has violated the relevant terms and conditions governing the use of the logo.

The Bored Ape Kennel Club is a popular NFT project that has created a large community of collectors and enthusiasts. It is known for its unique ape-themed illustrations, which are used as avatars by members of the club. However, this recent legal dispute has put a dent in the project’s reputation and has raised questions about its commitment to ethical principles.

The crux of the dispute is centered on the intellectual property rights of the BAKC logo. Easy Drawing Guides claims that it created the original drawing and owns the rights to the image. However, Yuga Labs has used a similar design for its own logo, which it has heavily promoted on social media channels. The allegations made by Easy Drawing Guides suggest that Yuga Labs has been engaging in intellectual property theft and may have violated the terms and conditions of the BAKC project.

This legal dispute has a wider significance beyond the BAKC community. It raises important questions about the role of intellectual property rights in the NFT ecosystem. As the popularity of NFTs continues to grow, it is important for projects to abide by ethical principles and respect the rights of creators. This dispute highlights the fact that intellectual property rights are crucial for the growth and sustainability of the NFT market.

In conclusion, the legal dispute over the BAKC logo highlights the importance of respecting intellectual property rights in the NFT ecosystem. Easy Drawing Guides has accused Yuga Labs of violating its rights and engaging in unethical practices. This incident should serve as a reminder to all NFT projects to be mindful of their ethical responsibilities and respect the rights of creators.

References:
(https://www.coindesk.com/markets/2021/10/04/yuga-labs-accused-of-using-unlicensed-bored-ape-kennel-club-logo/)

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