Feb 20, 2023
BAYC Logo Allegedly Illegally Trademarked Without License
The highly anticipated launch of Bored Ape Yacht Club (BAYC), a premier nonfungible token (NFT) collection from Yuga Labs, has recently been mired in controversy by allegations of illegally trademarking the iconic wolf skull logo without proper licensing. The image was originally released by a company specializing in drawing tutorials for children and beginners, Easy Drawing Guides.
The introduction of NFTs to the world was intended to help protect artists and their intellectual properties, which is precisely what Yuga Labs is being accused of disregarding. On Twitter, crypto enthusiast and NFT artist @Jdotcolombo noted that Easy Drawing Guides had advertised a wolf skull drawing tutorial on April 5, 2021, which closely resembled BAYC’s official logo.
In response to the discovery, Easy Drawing Guides has confirmed that Yuga Labs had no license to use the wolf skull drawing, and that the intellectual property rights belong to them. They further stated that the drawing is protected by their Terms and Conditions, which grant a non-transferable, non-exclusive, revocable, limited license to use and access the website solely for personal, non-commercial use.
The dispute has caused a stir among BAYC supporters, who are divided on the issue. Some believe that no intellectual property was breached, while others agree that Easy Drawing Guides is entitled to some form of compensation.
Yuga Labs has yet to respond to Cointelegraph’s request for comment. This isn’t the first time the company has been embroiled in an intellectual property debate either. One of the founders of the BAYC copycat NFT collection RR/BAYC filed an opposition notice against 10 trademark applications from Yuga Labs, claiming that the company had “abandoned any rights” to certain logo and artwork designs due to BAYC NFT sales granting “all rights” of the digital images to the owners.
The incident has sparked a discussion on the importance of obtaining proper licensing for artwork and logos, especially in the web3 space. As the world of NFTs continues to grow, it is becoming increasingly important for companies and artists to ensure that their artwork is properly protected.
For those looking to promote their NFTs, a reliable NFT marketing agency can help create a successful promotion campaign. From Twitter NFT marketing to utilizing web3 agencies, there are a variety of ways to effectively market and sell NFTs. It is essential to work with experts who understand the complexities of the web3 space and the importance of intellectual property rights.
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