Escalation – Ryder Ripps overshoots offer, after Yuga Labs filed a lawsuit, which seeks to prevent the artist from doing more damage to the NFT Bored Ape Yacht Club (BAYC) collection.
NFT: the end of the war at a frenzied price
100 billion dollars : an amount that far exceeds the annual GDP of several countries. The artist Ryder Ripps, however, would have indicated to his lawyers that he would have accepted only at this price the settlement of the dispute between him and Yuga Labs.
The message conveyed by the evocation of this delusional sum is however clear. Ryder Ripps has no plans to lay down their weapons after Yuga Labs filed a lawsuit against the artist last June. The company accuses Ryder Ripps of flooding the market with NFT RR / BAYC, which would only be copies of the BAYCs.
Yuga Labs hopes to damage his opponent’s wallet, through a damages injunction, and to obtain a court decision preventing the artist and his NFTs from harming the company’s economic interests in the future.
Freedom of expression or irreverence
Ryder Ripps continues to provoke, demanding this $ 100 billion. The legal battle, if it does take place, promises to be fun, if not interesting for non-lawyers.
Not content with watering NFT RR / BAYC’s cryptosphere to damage the competing collection, the artist had leveled serious allegations against BAYC, supporting a brazen thesis, which associates the NFT collection with the Nazis.
Pushed to the limit, Yuga Labs had to come out of its silence to refute these allegations, which the company simply described as “bullshit”.
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He defended the honor of the frog
Ryder Ripps appealed to the experience of Louis Tompros of the law firm Wilmer Hale, to defend their interests, in the lawsuit to come.
Louis Tompros is known for representing Matt Furie, the creator of Pepe the Frog, in his legal brawl against far-right organizations, which allegedly used the frog as a racist and supremacist meme.
Yuga Labs has shown that he is determined to defend the rarity of the Bored Ape Yacht Club. With his statements, Ryder Ripps ignites passions among his supporters and the BAYC community. The artist is bold enough for the moment, but has his shoulders strong enough to face a test that could cost him dearly?
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