The judge made a ruling on the fake BAYC case: compensation of $9 million to BAYC
Ryder Ripps and Jeremy Cahen had their countersuit against Yuga Labs dismissed and were ordered to pay the digital collectibles company nearly $9 million in damages.

Ryder Ripps and Jeremy Cahen had their countersuit against Yuga Labs dismissed and were ordered to pay the digital collectibles company nearly $9 million in damages.
A BATHING APE® (BAPE®), renowned for its streetwear, announced today a forthcoming collaboration with Bored Ape Yacht Club (BAYC). The joint venture, in association with NFT production studio Yuga Labs, heralds a convergence of fashion and blockchain technology.
Discover the world of Bored Ape Yacht Club, an innovative NFT art collection and exclusive membership club. Learn about its history, creators, unique features, and the cultural impact it's had on the world of Web3 and blockchain technology.
Bored Ape Yacht Club-themed pop-up restaurant will grace Singapore with its inaugural pop-up experience from 11 to 19 August 2023. NFT connoisseurs, BAYC enthusiasts, and the uninitiated can anticipate the unveiling of Bored & Hungry's hallmark OG burgers!
The Yuga case raises interesting questions regarding IP rights in the emerging web3 space, where NFTs are now prevalent.
Yuga Labs is set to launch yet another NFT collection in the form of Mecha Apes.
The floor price of Bored Ape Yacht Club has dropped by 50% since the beginning of this month as the price and sales of NFT have been affected.
The floor price of the Bored Ape Yacht Club has fallen 50% from the beginning of this month as prices and sales volume of NFTs suffer across the board.
The development has caused a stir in the NFT community, with some saying Elon Musk made a collage of bored apes on his avatar to troll NFT owners.