The creator of Bored Ape Yacht Club nonfungible tokens settled a trademark dispute with a pact that bans a pair of artists from selling identical-looking tokens.
The agreement between Yuga Labs Inc. and the artists—Ryder Ripps and Jeremy Cahen—ends a contentious 2022 lawsuit in the US District Court for the Central District of California. Yuga Labs had won $1.4 million in damages and $7 million in attorneys fees before the US Court of Appeals for the Ninth Circuit reversed summary judgment.
The twin injunctions broadly prohibit Ripps and Cahen—who are no longer represented by counsel—from using Board Ape Yacht …