Bored Ape Yacht Club Prevails in Legal Battle Against NFT Troll

source: NFT The Bored Ape Yacht Club, a popular non-fungible token (NFT) collection, has recently won a legal battle against a troll who had attempted to register the trademark for the term "Bored Ape" in bad faith. In this article, we'll take a closer look at the legal dispute and its implications for the NFT community.

The dispute

The legal battle began when a person known as "Squiggle" attempted to register the trademark for the term "Bored Ape" with the United States Patent and Trademark Office (USPTO). The Bored Ape Yacht Club, a popular NFT collection featuring unique digital images of apes, argued that Squiggle's trademark registration was done in bad faith and threatened legal action. Squiggle eventually withdrew the trademark application, and the Bored Ape Yacht Club declared victory.

The implications

The Bored Ape Yacht Club's victory is significant for the NFT community, as it highlights the importance of protecting intellectual property rights in this emerging field. The popularity of NFTs has led to a proliferation of similar collections, and trademark disputes are becoming increasingly common. By standing up to bad-faith trademark registrations, the Bored Ape Yacht Club has set a precedent for other NFT collections to protect their brands and prevent copycats from profiting off their success. [caption id="attachment_162535" align="aligncenter" width="1200"] source: Bloomberg[/caption]

The future of NFTs

As NFTs continue to grow in popularity, it's likely that we'll see more legal disputes over intellectual property rights. However, this case shows that the NFT community is capable of defending its creations and preventing bad-faith actors from profiting off their work. As the technology evolves and new use cases emerge, it's important for creators and collectors alike to understand their rights and take action to protect their intellectual property. Also read: Meta removes NFT support for Instagram and Facebook The Bored Ape Yacht Club's victory in its legal battle against Squiggle is a positive development for the NFT community. By standing up to bad-faith trademark registrations, the Bored Ape Yacht Club has set an example for other NFT collections to follow. As NFTs continue to gain in popularity, it's essential for creators and collectors to take steps to protect their intellectual property and prevent copycats from profiting off their work.