Tech

BAKC’s Wolf logo accused of illegal trademark registration, Yuga Labs has to change the stamp


The wolf skull logo, synonymous with the Bored Apes Kennel Club (BAKC) NFT series from Yuga Labs, has been questioned for its legitimacy. Easy Drawing Guides, a platform that provides easy drawing tutorials for beginners, is being touted as the original creator of the skull sketch. The platform has stated that Yuga Labs has no legal right to use its intellectual property. Meanwhile, Yuga Labs has trademarked BAKC’s unlicensed logo as its own logo.

by BAYC Kennel Club NFTs, which launched the mentioned logo, was launched in June 2021. On the other hand, Easy Drawing Guides posted a tutorial on how to draw a wolf skull in April 2021. The illustration is very similar. with the logo of BAYC .

“The intellectual property rights to the drawing belong to Easy Drawing Guides as it is our original drawing and is protected by our Terms and Conditions,” CoinTelegraph report cited the outline guide platform said in an email interaction.

Dispute Resolution, Greg Solano, Co-Founder of Yuga Laboratory stated that the matter is being investigated internally.

“Contacted the freelancer we hired for that design and Easy Drawing Tutorials. We will change the logo and update it on our website/request the markets also change. This collection was originally meant to raise money for charity and I am proud that BAKC has raised over $1 million (approximately Rs 8 billion) for dynamic charities. object. New logo coming soon so we can continue to do some good work for the causes we care about,” Solano tweeted.

Subject to the terms and conditions of Easy Drawing Guides, it may grant a non-exclusive and non-transferable limited license in relation to its artwork for personal and non-commercial use only.

People have accused Yuga Labs of simply taking a design out Google for my NFT collection and am currently experiencing piracy issues.

At the moment, it is not clear whether Yuga Labs will compensate Easy Drawing Tutorials in an out-of-court settlement.

However, this is not the first time that Yuga Labs has been involved in a legal problem in recent times.

Last year in July, the NFT brand was accused manipulate buyers with celebrity endorsements and inflated prices.

Yuga Labs is also being investigated by the United States Securities and Exchange Commission (SEC) for allegedly securities violations.

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