Earlier today, the X2Y2 NFT marketplace was issued a complaint about trademark infringement regarding its RR/BAYC collection.
"Things [are] escalating rather rapidly in [the] Yuga [and] RR/BAYC fued, as server providers are now threatening to take [the] X2Y2 site down," the marketplace tweeted. "In an effort to not disrupt service for the rest of our users we will be marking the following six collections as 'Unavailable for Legal Reasons.'"
Since then, the creator of RR/BAYC Ryder Ripps agreed to change the collection's logo and name. The logo is currently all black and the new collection name is Black Square.
Prior to the change, the logo looked nearly identical to the BAYC logo, but read: "This logo is based on the SS Totenkopf," an elite division of the Waffen-SS of Nazi Germany during World War II.
Bored Ape Yacht Club's founders have denied this claim and filed a lawsuit in response.
For more information about this developing story, see Lucky Trader's post here.
More about Bored Ape Yacht Club
Arguably the most successful NFT project, the Bored Ape Yacht Club (BAYC), is a collection of 10,000 uniquely generated bored apes that are stored on the Ethereum blockchain. Launched on April 23, Bored Ape Yacht Club had a mint price of 0.08 ETH and the collection sold out on April 30, 2021. Since its launch, the project has dropped multiple companion collections including Bored Ape Kennel Club, Mutant Ape Yacht Club, and Otherdeed for Otherside, and has helped onboard a number of high profile and celebrity collectors to the NFT ecosystem.
At the time of publish, the Bored Ape Yacht Club floor price sits at 65.99 ETH, and has stayed relatively flat over the past 24 hours on 1513 ETH volume of transactions. Over that same timeframe, 1 sharp wallets have sold 1 NFTs and no sharp wallets have bought NFTS in the the Bored Ape Yacht Club collection. Catch up on other recent Bored Ape Yacht Club news here
Recent Bored Ape Yacht Club Sales
sold at 12/07 3:12am for71.0
sold at 12/07 2:12am for69.9
sold at 12/06 11:12pm for75.7
sold at 12/06 11:12pm for65.1
sold at 12/06 10:12pm for280
Recent Bored Ape Yacht Club Listings
listed at 12/07 3:12am for78.5
listed at 12/07 3:12am for99.1
listed at 12/07 3:12am for118
listed at 12/07 3:12am for140
listed at 12/07 2:12am for118
Disclaimer: The author or members of the Lucky Trader staff may own NFTs discussed in this post. Furthermore, the information contained on this website or the Lucky Trader mobile application is not intended as, and shall not be understood or construed as financial advice.