Ryder Ripps to pay nearly $1.6 million to Yuga Labs over copyright infringement lawsuit

Odaily News A U.S. District Court judge has ordered Ryder Ripps and Jeremy Cahen to pay Yuga Labs nearly $1.6 million in damages, plus legal fees, ending a long-running lawsuit. Yuga Labs sues Ripps and Cahen for infringement of its intellectual property, via"imitate"The NFT made the company say it devalued the Bored Ape Yacht Club collection. The company filed the lawsuit in June 2022. Bored Ape Yacht Club (or BAYC) is arguably the most valuable non-fungible token (NFT) collectible on the market. At one point, Ripps argued the lawsuit was an attack on his free speech and said he would not settle the case for less than $100 billion. (The Block)