LOS ANGELES — A federal court in California found that the creator of Bored Ape Yacht Club NFTs is entitled to recover $1.3 million of a visual artist’s profits after he was found to have minted NFTs using pointers to the Bored Ape NFTs, allegedly to highlight the Bored Ape Yacht Club’s “use of racist, neo-Nazi, and alt-right messages and imagery.” This constitutes trademark infringement, so his disgorgement of his profits is warranted and an injunction is entered against the artist.
Read the ruling here.
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