Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain
  • Web 3
    • NFT
    • Metaverse
  • Regulation
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Bitwise CIO refers to progress for approval of XRP ETF

2025-06-06

A purchase option or warning sign?

2025-06-06

$ 1B Liquidation Bloodbath: Can Bitcoin hold $ 100k in the midst of Musk -Trump -Drama?

2025-06-06
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
Facebook X (Twitter) Instagram
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain

    Moroccan researchers tap blockchain for diploma fraud prevention

    2025-06-06

    Kommunitas and Nativ Forge Alliance to transform Real-World digital economies

    2025-06-06

    Shards Protocol lands $ 2 million from Animoca, YGG to grow web3 Identity Layer

    2025-06-05

    Soonchain Fores Partnership with Rei Network to define web3 gaming

    2025-06-05

    Maskdao acquires Orb.Club, which unlocks virality in the chain to stimulate the creator economy

    2025-06-05
  • Web 3
    • NFT
    • Metaverse
  • Regulation

    Anthropic CEO calls for AI transparency, argues against Trump Bill’s decade-long state-controlling freezing

    2025-06-05

    Former Doge -Head Elon Musk tells Wetgevers to kill Trump’s ‘big, beautiful’ account

    2025-06-05

    Hong Kong Reading to legalize Bitcoin and Crypto derivatives in PURT to Web3 leadership

    2025-06-05

    US-based ETFs that set for growth, despite some regulatory, macro-tailwinds

    2025-06-04

    NYSE ARCA submits to mention Truth Social’s Spot Bitcoin ETF

    2025-06-03
  • Analysis

    A purchase option or warning sign?

    2025-06-06

    Circle makes Wall Street debut as the first major stablecoin -mittent on NYSE

    2025-06-06

    ZK-proof Blockchain Altcoin Lagrange (LA) is getting away after the announcement of new Coinbase support

    2025-06-05

    Successful retest of Breakout zone sets phase for the next leg higher

    2025-06-05

    Circle stock price Skyrockets 234% in less than 30 minutes, causing multiple commercial levels

    2025-06-05
  • Learn

    What Is Crypto Staking? A Beginner-Friendly Guide

    2025-06-05

    What Are Liquidity Pools? A Beginner’s Guide

    2025-06-05

    What Is Yield Farming and How Does It Work?

    2025-06-02

    What Is Asset Tokenization? How It Works and Why It’s Important

    2025-05-30

    What Is DeFi 2.0 and Why It Matters

    2025-05-27
  • Blog
  • Contact
    • Tech7685@gmail.com
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»NFT»Yuga Labs’ increasing IP takedowns are sparking backlash at CryptoPunk
NFT

Yuga Labs’ increasing IP takedowns are sparking backlash at CryptoPunk

2023-07-19No Comments6 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Months after a US court handed Yuga Labs a hefty trademark-based legal victory that thrilled NFT holders, questions are once again surrounding the precedent it set — and what it means for current holders and creators of top crypto assets. collectibles.

Another example of Yuga Labs, the Miami-based Web3 company that owns blue-chip NFT collections CryptoPunks and Bored Ape Yacht Club (BAYC), seeking to enforce its intellectual property rights, has caught the attention of the industry.

Tom Lehman, the creator of the Ethscriptions Protocol, which provides a mechanism to attach image files on-chain, tweeted last week that he had removed Ethereum Punk images from the protocol’s website and was outright “deleting” the Ethereum Punks website .

Lehman, who goes by MiddleMarch on Twitter and has not responded to a request for comment, said he did so “at the request of Yuga Labs.”

Brian Frye, a professor at the University of Kentucky College of Law who has closely followed the issue, said it is “very important to distinguish between specific copyright and trademark when it comes to the copyright issues in the space.”

The latter issues, in particular, seem to show little sign of stopping.

A series of tweets on July 15 from the Ethereum Punks Collection said that Yuga Labs had taken “recent DMCA actions,” which the collection said were “arguably indicative of a corporate mindset and directly challenged the fundamental ideals of the PUNK community.”

PUNK’s spirit is primarily rooted in values ​​such as non-conformity, anti-authoritarianism, anti-corporatism, a do-it-yourself ethic, resistance to consumerism and corporate greed, direct action, and an unwavering commitment to never “sell out” to be.

— Ethereum Punks (@ethscribedpunks) July 15, 2023

The tweets did not specify the DMCA enforcement actions in question, instead framing Yuga Labs’ actions as “corporate greed.” A spokesperson for the company did not respond to a request for comment.

See also  STEPN GO and Adidas launch the new Genesis NFT collection

On the copyright front, “nothing about owning an NFT makes you any sort of copyright owner,” Frye said. “Trademark is a value associated with NFT projects… the real value is ownership of the token.”

Ethscriptions, which was hacked last week, billed itself as a decentralized protocol (not its own blockchain or layer-2) based on the Ethereum ecosystem. About 123 wallet addresses are said to have lost 202 ethscriptions in the hack.

Jessica Neer McDonald, an attorney specializing in intellectual property issues, told Blockworks that discretion can generally vary widely when it comes to terms of use, depending on the publisher of the NFT collection.

“It’s so specific to the collection,” McDonald told Blockworks. “Each collection has the ability – traditionally at least – to provide licenses and permissions to use certain artwork associated with a particular NFT, and that permission can really vary from just giving you the right to personal use instead of expanding it to use it for commercial reasons.”

Yuga Labs NFT case against Ripps is still pending

Much of the current uncertainty stems from a lawsuit filed by Yuga Labs against Ryder Ripps and Jeremy Cahen, the creators of “Ryder Ripps Bored Ape Yacht Club,” a satirical NFT collection that challenges Bored Ape Yacht Club.

A judge overseeing the US lawsuit, which revolves around the nearly mirror-image NFTs, has issued an injunction against the collection, ruling in favor of Yuga Labs and ordering the defendants to pay monetary damages.

It wasn’t so much about copyrights then, which would be linked to individual artworks from each NFT, but about trademarks.

See also  Vitalik Buterin Applauds Bitcoin Ordinals, Foresees "Laser-Eye Movement" Shift

“I think it was smart for Yuga’s strategy to focus on the trademarks and not get caught up in the copyright side,” McDonald said. “There are still many unanswered questions related to copyright: what does it mean to get an NFT? What do you get when you buy an NFT?”

While copyrights, in an example from Bored Ape Yacht Club, would refer to rights to the image depicted in a particular NFT, trademarks protect the likeness and defining characteristics of the collection more broadly – which experts say is what Yuga Labs really has. tried to lock down.

BAYC holders have extensive commercialization rights, including merchandise and side media projects. It’s unclear what would happen to those efforts if an NFT is sold.

“If you think about it – insofar as you think copyright can protect the individual images in the first place – it’s not really clear to me how owning the copyright to one of 1,000 images, well, I don’t know how valuable that is .” said Frye.

‘Copyright does not protect URLs’

Bored Ape Yacht Club holders have extensive rights to launch commercialized efforts around their NFTs – as long as they still own them. Previous interpretations have pointed out that owners have a right to monetize their monkeys, including by rolling out their own merchandising.

And initially there were no monetization limits, meaning owners should have an unrestricted runway with their side-hustle projects. Yuga Labs has taken a stand against what the company viewed as a rip-off or competing projects — not so much how the NFT owners use their own digital properties.

See also  Pudgy Penguins on display at North America's largest night market for TheFunPass launch

From a copyright perspective, according to Frye of the University of Kentucky, exchanging an enrolled NFT onchain, or even simply storing one in a wallet, “doesn’t really raise” any issues, which is one of the reasons why violations of copyright have not been a major legal focus in these types of disputes.

That’s because “copyright doesn’t protect the URL,” and while it might be “infringing to some degree to host the image on a file server,” what is “written on the blockchain is not and cannot be infringing.”

The sentiment, according to Frye, applies to most such digital collectibles, such as Ordinals, which use three to four megabytes of data to add inscriptions. NFTs that go significantly above those limits or make substantial changes to the original file can shift that calculation.

CryptoPunks’ terms of service point out that NFT buyers own the NFT themselves as long as it’s in their wallets, but Yuga Labs retains ownership of the intellectual property in play, which the company says is “licensed” to buyers is provided.

The terms of service hint at the possibility of “derivative” works, which users can create (and own the new intellectual property), but there are restrictions around ownership and other thorny legalities at work.

Source link

backlash CryptoPunk Increasing Labs sparking takedowns Yuga
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Trump Family touches Magic Eden with cease-and-desists about crypto-wallet plans: Bloomberg

2025-06-05

From color as theory to generative art with NFTs

2025-06-05

Yuga Labs throws NFT icons while it doubles on monkeys and others.

2025-06-04

Mogul Club, AVA Labs Partner to bring tokenized real estate to web3 investors

2025-06-04
Add A Comment
Leave A Reply Cancel Reply

Top Posts

Crypto King is facing calls to repay millions in bankruptcy proceedings

2024-07-18

Can Solana [SOL] compete in the big leagues aided by his DEXes? New data suggests…

2023-05-13

Cardano Flashes Bullish Outlook Amid Downtrend – Here’s Why ADA Price May Rise Soon

2023-05-05
Editors Picks

Bitcoin: Late short sellers could face losses as prices stabilize above $29k

2023-07-26

MultiversX CEO Talks Sharding, Security, and Scalability

2024-06-04

Bitcoin Price Roars Back: Recovery After Sharp Correction

2024-12-06

Multichain is a stopgap solution, the future lies in advanced protocols

2024-12-24

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Bitwise CIO refers to progress for approval of XRP ETF

A purchase option or warning sign?

$ 1B Liquidation Bloodbath: Can Bitcoin hold $ 100k in the midst of Musk -Trump -Drama?

Get Informed

Subscribe to Updates

Get the latest news and Update from Bitcoin Platform about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
© 2025 Bitcoinplatform.com - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$102,600.77-2.46%
  • ethereumEthereum(ETH)$2,450.85-6.78%
  • tetherTether USDt(USDT)$1.000.01%
  • rippleXRP(XRP)$2.13-3.64%
  • binancecoinBNB(BNB)$640.20-4.08%
  • solanaSolana(SOL)$147.02-4.40%
  • usd-coinUSDC(USDC)$1.000.02%
  • tronTRON(TRX)$0.2768371.19%
  • dogecoinDogecoin(DOGE)$0.174821-8.12%
  • cardanoCardano(ADA)$0.64-5.98%
  • hyperliquidHyperliquid(HYPE)$34.52-2.72%
  • suiSui(SUI)$2.98-6.63%
  • chainlinkChainlink(LINK)$13.16-5.42%
  • stellarStellar(XLM)$0.260170-2.80%
  • avalanche-2Avalanche(AVAX)$19.21-5.22%
  • unus-sed-leoUNUS SED LEO(LEO)$8.77-1.93%
  • bitcoin-cashBitcoin Cash(BCH)$384.20-4.90%
  • the-open-networkToncoin(TON)$3.08-3.70%
  • shiba-inuShiba Inu(SHIB)$0.000012-5.67%
  • hedera-hashgraphHedera(HBAR)$0.164087-2.72%
  • litecoinLitecoin(LTC)$84.14-4.85%
  • polkadotPolkadot(DOT)$3.90-3.64%
  • moneroMonero(XMR)$319.420.50%
  • ethena-usdeEthena USDe(USDE)$1.00-0.02%
  • daiDai(DAI)$1.000.01%
  • bitget-tokenBitget Token(BGB)$4.58-3.39%
  • piPi(PI)$0.62-4.52%
  • pepePepe(PEPE)$0.000011-9.96%
  • uniswapUniswap(UNI)$6.02-5.29%
  • aaveAave(AAVE)$246.31-7.13%
  • bittensorBittensor(TAO)$361.26-5.27%
  • okbOKB(OKB)$49.93-0.30%
  • crypto-com-chainCronos(CRO)$0.098118-2.32%
  • aptosAptos(APT)$4.58-5.01%
  • nearNEAR Protocol(NEAR)$2.30-6.39%
  • internet-computerInternet Computer(ICP)$4.94-6.82%
  • ethereum-classicEthereum Classic(ETC)$16.51-4.82%
  • ondo-financeOndo(ONDO)$0.79-4.72%
  • gatechain-tokenGateToken(GT)$18.64-2.75%
  • usd1World Liberty Financial USD(USD1)$1.000.04%
  • kaspaKaspa(KAS)$0.082195-1.97%
  • mantleMantle(MNT)$0.64-4.49%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.203229-5.98%
  • vechainVeChain(VET)$0.022906-3.98%
  • official-trumpOFFICIAL TRUMP(TRUMP)$9.76-10.93%
  • render-tokenRender(RENDER)$3.64-4.16%
  • ethenaEthena(ENA)$0.291641-7.88%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.72-9.79%
  • worldcoin-wldWorldcoin(WLD)$1.05-7.39%
  • filecoinFilecoin(FIL)$2.41-6.84%
  • bitcoinBitcoin(BTC)$102,600.77-2.46%
  • ethereumEthereum(ETH)$2,450.85-6.78%
  • tetherTether USDt(USDT)$1.000.01%
  • rippleXRP(XRP)$2.13-3.64%
  • binancecoinBNB(BNB)$640.20-4.08%
  • solanaSolana(SOL)$147.02-4.40%
  • usd-coinUSDC(USDC)$1.000.02%
  • tronTRON(TRX)$0.2768371.19%
  • dogecoinDogecoin(DOGE)$0.174821-8.12%
  • cardanoCardano(ADA)$0.64-5.98%
  • hyperliquidHyperliquid(HYPE)$34.52-2.72%
  • suiSui(SUI)$2.98-6.63%
  • chainlinkChainlink(LINK)$13.16-5.42%
  • stellarStellar(XLM)$0.260170-2.80%
  • avalanche-2Avalanche(AVAX)$19.21-5.22%
  • unus-sed-leoUNUS SED LEO(LEO)$8.77-1.93%
  • bitcoin-cashBitcoin Cash(BCH)$384.20-4.90%
  • the-open-networkToncoin(TON)$3.08-3.70%
  • shiba-inuShiba Inu(SHIB)$0.000012-5.67%
  • hedera-hashgraphHedera(HBAR)$0.164087-2.72%
  • litecoinLitecoin(LTC)$84.14-4.85%
  • polkadotPolkadot(DOT)$3.90-3.64%
  • moneroMonero(XMR)$319.420.50%
  • ethena-usdeEthena USDe(USDE)$1.00-0.02%
  • daiDai(DAI)$1.000.01%
  • bitget-tokenBitget Token(BGB)$4.58-3.39%
  • piPi(PI)$0.62-4.52%
  • pepePepe(PEPE)$0.000011-9.96%
  • uniswapUniswap(UNI)$6.02-5.29%
  • aaveAave(AAVE)$246.31-7.13%
  • bittensorBittensor(TAO)$361.26-5.27%
  • okbOKB(OKB)$49.93-0.30%
  • crypto-com-chainCronos(CRO)$0.098118-2.32%
  • aptosAptos(APT)$4.58-5.01%
  • nearNEAR Protocol(NEAR)$2.30-6.39%
  • internet-computerInternet Computer(ICP)$4.94-6.82%
  • ethereum-classicEthereum Classic(ETC)$16.51-4.82%
  • ondo-financeOndo(ONDO)$0.79-4.72%
  • gatechain-tokenGateToken(GT)$18.64-2.75%
  • usd1World Liberty Financial USD(USD1)$1.000.04%
  • kaspaKaspa(KAS)$0.082195-1.97%
  • mantleMantle(MNT)$0.64-4.49%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.203229-5.98%
  • vechainVeChain(VET)$0.022906-3.98%
  • official-trumpOFFICIAL TRUMP(TRUMP)$9.76-10.93%
  • render-tokenRender(RENDER)$3.64-4.16%
  • ethenaEthena(ENA)$0.291641-7.88%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.72-9.79%
  • worldcoin-wldWorldcoin(WLD)$1.05-7.39%
  • filecoinFilecoin(FIL)$2.41-6.84%