After a year-long lawsuit, Yuga Labs, the company behind the Bored Ape Yacht Club NFTs, has won a legal battle against artist Ryder Ripps and Jeremy Cohen for creating and selling knockoffs of their NFTs, which generated sales of over $1.6 million. This legal precedent is an essential milestone in the NFT industry, as it establishes clarity and protection for NFT creators, buyers, and sellers.
Big Eyes Coin is a new meme coin with a community focus and plans to release an NFT Sushi Crew collection. It has raised over $34 million in its presale and aims to revolutionise the crypto world through decentralised tokens while giving back to the community.
Victory For Yuga Labs
Yuga Labs has become a prominent player in the NFT industry, with its Bored Ape Yacht Club NFTs being one of the most sought-after collectables. Yuga Labs’ Bored Ape Yacht Club NFTs appeal to art collectors, enthusiasts, and investors who appreciate the aesthetic and rarity of the artwork. The project’s limited supply makes it a valuable and exclusive collectable.
Winning its lawsuit against copycat versions of their NFTs establishes a legal precedent that can protect other NFT creators from plagiarism, copyright infringement, and theft.
This legal win increases trust and reliability in the NFT landscape, showing that NFTs can have the same legal protection as physical art or property. This victory also demonstrates Yuga Labs’ commitment to protecting its community and intellectual property, which can attract more buyers and investors in the future.
Big Eyes Coin Attracts Investors With NFT Sushi Crew
Big Eyes Coin, like Yuga Labs, aims to create a community around its meme coin by incentivizing users to hold and trade the token through unique tokenomics. The project’s emphasis on token utility sets it apart from its competitors, as it plans to develop an ecosystem that can support DApps and DeFi projects, expanding beyond the meme coin space.
Big Eyes Coin has also launched Loot Boxes, allowing users to purchase and win random rewards, including NFT cards that can be minted. This innovative approach can attract more users and investors, as they can participate in a fun and rewarding experience while also potentially increasing the token’s value.
The legal victory of Yuga Labs can also affect the launch of Big Eyes Coin’s NFT Sushi Crew collection, as it establishes the legal protection and clarity needed for NFT creators, buyers, and sellers.
This can increase investors’ confidence in Big Eyes Coin and attract more buyers who want to participate in a legally protected and trustworthy ecosystem. The legal precedent can also prevent copycats and scammers from creating and selling fake versions of Big Eyes Coin’s NFTs, protecting the project’s intellectual property and users’ investments.
Yuga Labs’ legal victory against Ryder Ripps and Jeremy Cahen’s copycat versions of their Bored Ape Yacht Club NFTs is a significant milestone in the NFT industry, establishing legal protection and clarity for creators, buyers, and sellers. This victory can also affect the upcoming launch of Big Eyes Coin’s NFT Sushi Crew collection.
Big Eyes Coin will end presale on June 3rd, and as investors eagerly await launch, they can use the bonus code END300 for an extra 300% bonus on their purchase.
For more information on Big Eyes Coin (BIG):
Presale: https://buy.bigeyes.space/
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL
Twitter: https://twitter.com/BigEyesCoin