Feb 20, 2023
Illegal Trademarking of BAYC Logo Exposed
Yuga Labs, the creators of the popular Bored Ape Yacht Club (BAYC) NFT collectibles, have been accused of illegally trademarking a logo without proper licensing. The logo in question is the iconic wolf skull, which is used as the official logo of BAYC.
The wolf skull logo was originally released by Easy Drawing Guides, a company that specializes in drawing tutorials for children and beginners. On April 5, 2021, Easy Drawing Guides posted a tutorial for a wolf skull that closely resembled BAYC’s official logo. This raised suspicion of wrongdoing, as BAYC’s Kennel Club collectibles launched on June 17, 2021.
In response to the commotion, Easy Drawing Guides confirmed that Yuga Labs had no license to use the wolf skull drawing. Furthermore, it was revealed that Yuga Labs had trademarked the unlicensed logo as its own. Easy Drawing Guides stated that the intellectual property rights for the drawing belong to Easy Drawing Guides, as it is their original drawing and protected by their Terms and Conditions.
This isn’t the first time Yuga Labs has found itself in a sticky situation with intellectual property. RR/BAYC, a copycat NFT collection, filed an opposition notice against 10 trademark applications from Yuga Labs. The notice claimed that Yuga Labs 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 debate over the wolf skull logo has sparked a discussion on whether or not intellectual property was breached in using the logo. While some BAYC supporters believe that no intellectual property was breached, most agree that Easy Drawing Guides is entitled to compensation.
The incident has highlighted the importance of NFTs in protecting artists and their intellectual property. NFTs were created to solve the problem of illegal use of intellectual properties, which is the very issue that Yuga Labs is now facing.
Yuga Labs has yet to respond to Cointelegraph’s request for comment. In the meantime, NFT artists and marketers are reminded of the importance of proper licensing and promotion when it comes to selling NFTs. It is essential to use the right NFT marketing agency to ensure that all legal requirements are met. Twitter is a great platform for NFT promotion, but it is important to use the services of a web3 agency to ensure that all legalities are taken into consideration.Disclaimer: All investment or financial opinions expressed by MoonLanding Media are not recommendations and are intended for entertainment purposes only. Do your own research prior to making any kind of investment. This article has been generated based on trending topics, has not been fact checked and may contain incorrect information. Please verify all information before relying on it.