
Judge ruled RR/BAYC creators to pay over US$1.5 million in damages to Yuga Labs and transfer their smart contract. Decentraland introduces personalised metaverse identities, dubbed “Decentraland NAME”. Memeland launches its MEME token.
A federal judge in California has ruled that conceptual artist Ryder Ripps and his business partner Jeremy Cahen must pay over US$1.5 million in damages to Bored Ape Yacht Club (BAYC) creator Yuga Labs. Ripps and Cahen are the duo behind the RR/BAYC NFT collection, which featured primates in similar poses as the Bored Apes. It also used marketing material similar to BAYC.
The judge determined that Ripps and Cahen’s copies of the Bored Ape NFTs, which they claimed were appropriation art criticising Yuga Labs’s works, infringed on Yuga Labs’s intellectual property rights. The defendants were ordered to pay all of their profits from the copies to Yuga Labs, and transfer their NFT smart contract and project-related websites and social media accounts to the company.
NFT Collectibles
[LIVE] LIFE OF HEL
‘LIFE OF HEL’ represents the establishment of a new IP monetisation platform set to elevate the LOH saga as the next global-scale manga and anime series. The LOH manga series consists of seven volumes, which will be physically published by Kadokawa Gempak Starz (Q4-23). An animated series is also in the pipeline for release on OTT streaming platforms. The first PFP drop of the LOH series is ‘LIFE OF HEL – Reapers‘.
[UPCOMING] Planet IX: Limited Edition – Corporation Avatar Pack
‘Planet IX Corporation Packs’ can be burned in the player’s in-game inventory. Burning these packs will then unlock Avatars from the Corporation Genesis Collection, consisting of characters representing various corporations in the Planet IX universe. These Avatars will have different utilities in the game, and their full story can only be obtained through the in-game inventory. Collecting multiple characters will allow players to uncover mysteries within the Planet IX universe. The Avatars are AI-analysed and stored as NFTs on the blockchain.
Platform | Collection | 7D Sales Volume (USD) | Floor Price(USD) | |
---|---|---|---|---|
OpenSea | Bored Ape Yacht Club | $24,303,065 (+52%) | $48,924 | |
OpenSea | Mutant Ape Yacht Club | $9,948,831 (+78%) | $9,317 | |
Crypto.com | Loaded Lions | $53,515 (+6%) | $930 | |
Crypto.com | LIFE OF HEL – Reapers | $42,985 (-) | $35 | |
Minted | Cronos Cruisers | $11,110 (+2,052%) | $493 | |
Minted | VVS Miner Mole | $7,456 (+58%) | $132 |
The following table shows selected top games by weekly volume in USD:
Game | Blockchain(s) | 7D Volume (USD) | 7D UAW | |
---|---|---|---|---|
Loaded Lions: Mane City | Cronos | $21,523 (-29%) | 3,166 (+7%) | |
Treasure DAO | Ethereum, Arbitrum | $6,108,455 (+88%) | 1,532 (+12%) | |
Axie Infinity | Ethereum, Ronin | $5,725,617 (+94%) | 32,419 (+12%) | |
Gods Unchained | Ethereum, Immutable X | $5,077,881 (+15%) | 4,840 (+28%) | |
Galactic Arena | BNB Chain | $1,246,484 (+1,216%) | 22 (-4%) | |
HYTOPIA | Ethereum, Polygon | $1,072,369 (+419%) | 308 (+12%) |
The total market cap for gaming tokens now stands at US$9.74 billion, surging by +20.2% from last week.
Research Roundup Newsletter [September 2023] | Ethereum: Dencun Upgrade and Proto-Danksharding | Alpha Navigator: Quest for Alpha [September 2023] |
What Is Stellar’s Lumen Token (XLM)? | What Is Chainlink (LINK)? | What Is Shiba Inu (SHIB)? |
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Research and Insights Team
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