Ninth Circuit Reverses $8M NFT Trademark Win for Bored Ape Creator

The U.S. Court docket of Appeals for the Ninth Circuit overturned an $8 million bench trial award on Wednesday for the corporate behind the non-fungible token assortment Bored Ape Yacht Membership, discovering that regardless that Yuga Labs’ “NFTs aren’t merely monkey enterprise and will be trademarked,” the trial courtroom’s entry of abstract judgment was untimely towards two creators of comparable NFTs.