BAYC's parent company, Yuga Labs, has reached a settlement with conceptual artist Ryder Ripps in a trademark dispute.

CoinFeed reported on April 9th ​​that, according to The Block, Bored Ape Yacht Club developer Yuga Labs has reached a settlement with concept artist Ryder Ripps and his business partner Jeremy Cahen in a long-standing trademark dispute. According to court documents, the two parties have reached an agreement on the claims in the case, but details of the settlement have not yet been disclosed. Ripps is officially prohibited from using Yuga Labs' brand visual elements and trademarks in the future. Yuga sued Ripps and Cahen in 2022, accusing them of using the same imagery and ape character from the original NFT series to create a so-called satirical copycat project.