Ripps and his legal team raised issues of celebrity endorsements, art, the First Amendment and what crypto really is as defenses in the copying of the Bored Ape Yacht Club collection that he then offered as RR/BAYC — defenses that were rejected. Damages are set to be decided at a trial scheduled for June. Ripps told CNN he would appeal. In an opinion filed on Friday granting Yuga’s motion for summary judgment, Judge John F.
” The Bored Apes were some of the most famous NFTs, and at their height in early 2022, occasionally sold for more than $1 million apiece. They are digital pictures of apes in a variety of outfits, such as sunglasses, a military helmet, “hip hop clothes,” and a “pimp coat.” Celebrities like Snoop Dogg and Paris Hilton said they got apes and appeared on national television promoting them.
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Coinbase sues SEC, and WisdomTree's CEO on the company's upcoming crypto wallet: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Jonathan Steinberg, founder and CEO of WisdomTree, discusses the company's upcoming crypto wallet and how traditional finance can embrace crypto technology.
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