NFTs were introduced to the world to help solve the illegal use of intellectual property and protect artists the very thing Yuga Labs has been accused of doing. 1187 Total views 36 Total shares Listen to article 0:00 News Own this piece of history
Collect this article as an NFT The iconic wolf skull logo of Bored Ape Yacht Club (BAYC), Yuga Labs premier nonfungible token (NFT) collection, was allegedly illegally trademarked without proper licenses. The image was originally released by a company specializing in drawing tutorials for children and beginners.
NFTs were introduced to the world to help solve the illegal use of intellectual properties and protect artists the very problem Yuga Labs has been accused of doing. Crypto Twitter member and NFT artist @Jdotcolombo came across a post from April 5, 2021, in which Easy Drawing Guides advertised an easy step-by-step drawing tutorial for a wolf skull.Website showing time stamp of the art’s release. Source:EasyDrawingGuides.com
The art displayed by the company closely resembled BAYCs official logo, which initially raised suspicion of wrongdoing, considering that BAYCs Kennel Club collectibles launched on June 17, 2021.
Bro @BoredApeYC @yugalabs what a fucking joke bahahahahaha you got some explaining to do. 4/5/21 and your kennels came out 6/21 and you went and trademarked this skull. Are you guys ok or have you bumped your heads? https://t.co/HiLFdbnFL5 pic.twitter.com/FJigzJgBr8 COLOMBO (@Jdotcolombo) February 17, 2023
Easy Drawing Guides responded to the commotion to confirm that Yuga Labs had no license to use the wolf skull drawing. Taking things one step further, Yuga Labs trademarked the unlicensed logo as its own. In response, Easy Drawing Guides stated:The intellectual property rights for the drawing belong to Easy Drawing Guides as its our original drawing and protected by our Terms and Conditions.
Cointelegraph confirmed that the terms and conditions of Easy Drawing Guides grant a non-transferable, non-exclusive, revocable, limited license to use and access the website solely for personal, non-commercial use.
On the one hand, BAYC supporters believe that no intellectual property was breached in using the logo; however, most agree that Easy Drawing Guides is entitled to some serious compensation.
Yuga Labs has not yet responded to Cointelegraphs request for comment.
Related: Yuga Labs settles lawsuit with developer involved in copycat BAYCs
The intellectual property dilemma is not new for Yuga Labs. One of the founders of the BAYC copycat NFT collection RR/BAYC filed an opposition notice against 10 trademark applications from Yuga Labs.Opposition example. Source: USPTO
In the notice, RR/BAYC co-founder Jeremy Cahen highlighted a list of grounds for opposition against Yuga Labs filings, claiming that the company abandoned any rights to certain logo and artwork designs due to BAYC NFT sales granting all rights of the digital images to the owners. #Business #Artists #Art #Crypto Collectibles #NFT #ApeCoin #Intellectual Property
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