yugalabs

ChainCatcher news, according to beincrypto, the latest disclosed court documents show that Yuga Labs, the parent company of the "Bored Ape" Bored Ape Yacht Club (BAYC), has not registered any copyright for the images in the series, which means the company does not own the copyright for the "Bored Ape" BAYC images. Previously, Yuga Labs sued NFT artist Ryder Ripps for using "Bored Ape" images in the "RR/BAYC" NFT series, but only accused him of false advertising, trademark infringement, and domain squatting, without involving any copyright disputes. (source link)

ChainCatcher news, artists Ryder Ripps, who is being sued by Yuga Labs, and Jeremy Cahen, the founder of the NFT market Not Larva Labs, have filed a new lawsuit asking the court to declare that BAYC images are not entitled to copyright protection because "they were generated by an automated computer algorithm, with no human involvement in determining which of the 10,000 BAYC images was selected." (source link)

ChainCatcher news, Yuga Labs has hired former Activision Blizzard President and COO Daniel Alegre as the new CEO. Daniel Alegre has been involved in the development of well-known game franchises such as Call of Duty, World of Warcraft, Diablo, Overwatch, and Candy Crush.Yuga Labs stated that Daniel Alegre will take office in the first half of 2023, and the company's first and current CEO, Nicole Muniz, will remain with the team as a partner and strategic advisor. (source link)

ChainCatcher news, Yuga Labs has launched a bug bounty program, giving anyone the opportunity to earn up to $50,000 for valid vulnerability reports, including those affecting services such as websites, social accounts, and Discord servers. The payment standards are as follows: low severity issues reward $250 to $1,000, medium severity issues reward $1,000 to $5,000, high severity issues reward $5,000 to $25,000, and critical severity issues reward $25,000 to $50,000. Additionally, the bounty program will be open until December 26. (source link)

ChainCatcher news, Yuga Labs announced the acquisition of WENEW Labs and its flagship NFT series 10KTF, aiming to jointly promote the intersection of the metaverse and reality through creative storytelling and immersive experiences.According to data from NFTGo, the floor price of the 10KTF series NFTs reached 0.4 ETH, with a 24-hour increase of 153.94%. As of the time of writing, the 24-hour trading volume of the series NFTs surged to 19.96 ETH, with a 24-hour increase of 292.14%. (source link)

ChainCatcher news, BAYC co-founder Garga stated in Discord that the entire crypto market is focused on the impact of the FTX and SBF-related events, but Yuga Labs has no funds on the FTX platform.He wrote, "Some people in the market are asking us if we are affected by the FTX/Alameda events. Yuga Labs has never used FTX.com and has no funds or assets on their platform. Although FTX was a small investor in Yuga Labs' seed round, it is clear that we received their check a long time ago, and this will not affect our operations." (source link)

ChainCatcher news, according to Decrypt, Yuga Labs announced the upcoming launch of an open standard for metaverse NFTs to enable NFTs to migrate between Otherside and other metaverses.BAYC founder Greg Solano stated that some standards will be released soon, while others will be launched next year. This is an "open standard that anyone can adopt and build upon," with the ultimate goal of creating an open world. (Decrypt)

ChainCatcher news, according to Decrypt, Yuga Labs co-founder Wylie Aronow stated in an interview with the Decrypt gm podcast that he is optimistic about video games with NFT assets but does not want to create a "walled garden." Aronow believes that the next major wave of NFTs will revolve around gaming, and Otherside will differentiate itself from mainstream game developers. (Decrypt)

ChainCatcher news, Yuga Labs' metaverse project Otherside's official Twitter @OthersideMeta is now back in operation. Otherside reminds that there are no minting or airdrop activities, and please make sure to cross-verify the social accounts, website, and other official communications of its founders before clicking any links.ChainCatcher reported yesterday that the bio and profile picture of the official Otherside Twitter have been cleared, and the Twitter name has been changed to the meaningless "-" character. Yuga Labs co-founder Greg Solano stated that the official Otherside Twitter account is experiencing issues and urged users not to trust the information released by this account at the moment. (source link)

ChainCatcher news, Yuga Labs' metaverse project Otherside's official Twitter @OthersideMeta profile and avatar have been cleared, and the Twitter name has been changed to the meaningless "-" character.In addition, Yuga Labs co-founder Greg Solano stated that the official Twitter account of Otherside is experiencing anomalies and asked users not to trust the messages posted by this account for now. (source link)

Chain Catcher News, Yuga Labs announced the establishment of the first community council for the Bored Ape Yacht Club and appointed seven members who have contributed to the community since the project's launch. The members specifically include: Josh Ong, Sera, Laura Rod, 0xEthan, 0xWave, Negi, and Peter Fang. It is reported that the community council will be responsible for collecting feedback from the BAYC and MAYC communities and collaborating with the team on daily business projects, event hosting, community ideas, and more. (Source link)

According to ChainCatcher news, intellectual property lawyer Eliana revealed on Twitter that BAYC's parent company Yuga Labs has applied for a trademark for "MetaRPG," covering games, clothing, audio, NFTs, various tokens, marketplaces, creator tools, and hardware (including controllers, handheld devices, headphones, and portable consoles). MetaRPG is a game launched by Yuga Labs in March this year, which has become compatible with more NFT projects and has opened an in-ecosystem app store to trade tokens and NFT assets. (Source link)

Chain Catcher news, Yuga Labs co-founder Greg Solano denied the rumors about "Yuga Labs planning to launch a new NFT project Mecha Apes by the end of the year."Previously, Protos reported that Yuga Labs plans to launch a brand new NFT series "Mecha Apes" and raise $50 million through the project. (source link)