Yuga Labs sold the IP rights of two of its games, Legends of the Mara and HV-MTL, to Web3 gaming firm Faraway on April 17 in a strategic move designed to refocus the organization. The decision was accompanied by a key change in leadership. Yuga Labs simultaneously announced that Spencer Trucker, its chief gaming officer,…
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Bored Ape Yacht Club creators, Yuga Labs, are accusing artist Ryder Ripps of contempt of court. In a recent filing, they allege Ripps deliberately destroyed access to his wallets containing RR/BAYC NFTs to avoid complying with a court order. Yuga Labs claims Ripps’ actions were made in “bad faith” and that he misled the court.…
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Top NFT news today, February 19, 2024: The Azuki collection is among the top performers per sales volume over the past 24 hours, Arcade announces an airdrop, and Yuga Labs acquires Proof. NFT Market Data Over the past 24 hours, the non-fungible token (NFT) sales volume is up 23% to $46,077,452. According to CryptoSlam, the…
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Friday saw Yuga Labs, known for creating the Bored Ape Yacht Club (BAYC) non-fungible token (NFT) series, unveiled its acquisition of Proof, a notable NFT startup behind the Moonbirds collection. Kevin Rose, founder of Proof, will assume an advisory role within Yuga, and the startup’s team plans to integrate into the Yuga framework. Moonbirds NFT…
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Artists Ryder Ripps and Jeremy Cahen are mandated by a federal court to pay $9 million in damages to Yuga Labs, following a high-profile legal dispute over unauthorized use of the Bored Ape Yacht Club’s copyrighted non-fungible tokens (NFTs). Yuga Labs Wins Big as Artists Ordered to Pay up $9 Million Over BAYC Dispute Artists…
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The NFT artists were also ordered to cover Yuga Labs’ legal fees after determining the trademark infringement constituted an “exceptional case.” A United States district court judge has ordered nonfungible token (NFT) artists Ryder Ripps and Jeremy Cahen to pay Bored Ape Yacht Club creator Yuga Labs a total of $1.57 million in disgorgement and…
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Online art store Avante Art is offering print copies of CryptoPunks for the next 48 hours through a partnership with CryptoPunks brand owner Yuga Labs. Holders of CryptoPunk non-fungible tokens (NFTs) are being offered the chance to obtain physical prints of their digital art items, according to an October 26 announcement. The items are being…
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The consortium of major Web3 companies OMA3 (the Open Metaverse Alliance for Web3), has formed a working group to find the best way to standardize creator royalties on non-fungible token (NFT) marketplaces – and to ensure they stay there. According to a tweet, … Read More: Bored Apes Creator Yuga Labs and Magic Eden Collaborate to…
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Yuga Labs CEO Daniel Alegre said the firm was stretching itself thin by taking on too many projects, and will now focus on its core aims with a smaller team. Cutbacks at Yuga Labs Bored Ape Yacht Club creator Yuga Labs has announced a restructuring that has seen several roles “eliminated across the company.” The…
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Yuga Labs is gearing up to launch a new game in the Otherside metaverse, but it’s not 3D, while NFT trading volume for NFL All Day pumped 570% over the past seven days. The Adidas /// Studio, or Triple Stripes Studio, has launched a Web3-based digital artist in residency program to showcase and support budding…
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