Ryder Ripps Lawyers Up For $100 Billion Settlement In Yuga Labs Legal Battle

NFT

Summary:

  • The conceptual artist hired legal counsel from WilmerHale, a reputable law firm with offices across three continents.
  • Ripps made the move ahead of a court case with Bored Ape Yacht Club creators Yuga Labs.
  • The artist supposedly has eyes on a $100 billion settlement.
  • Yuga Labs claimed that Ripps attempted to devalue the BAYC collection with his own copycat NFT project and violated copyright laws.
  • Ripps accused Yuba Labs of nazi-related troll culture and stressed his project is protest art protected by free speech.

Ryder Ripps has hired the services of legal firm WilmerHale in preparation for a legal tussle with Bored Ape Yacht Club (BAYC) NFT creators Yuba Labs over claims of free speech and copyright infringement.

According to The Block, the concept artist, and California-based creative disclosed the development on a Twitter Spaces discussion this week. Ripps also said that a settlement package north of $100 billion could convince him to drop the case after revealing that he had incurred a lot of anguish in recent months.

Ripps’ decision to lawyer up comes after Yuga Labs launched a lawsuit back in June, as EthereumWorldNews reported. The BAYC creators claimed that Ripps broke copyright laws by publishing a copycat NFT collection based on the original BAYC lineup. The so-called RR/BAYC project could also devalue Yuga Labs’ work and hijack the outfit’s revenue streams, per the filing.

The lawsuit filed by Yuba Labs at the US District Court of Central California also targets Jeremy Cahen, the founder of an NFT marketplace known as Not Larva Labs.

Yuga Labs Accused Of Subversive Internet Nazi Troll Culture

The saga began in later 2021 after Ripps called for Yuba Labs for infusing “subversive internet nazi troll culture” into their BAYC NFT collection. Ripps followed up by launching the RR/BAYC in a supposed protest.

Ripps’s theory was complemented by a documentary released by YouTube Philion, who claimed that the BAYC NFTs held subtle elements that paid homage to Nazism.

The BAYC creators responded via a medium post and labeled the accusations as “bullshit”. Shortly after, the firm filed a lawsuit to seek legal redress. 

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