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The US Ninth Circuit Court of Appeals has reversed a $9 million judgment awarded to Yuga Labs in its trademark infringement case against artist Ryder Ripps. The court ruled that Yuga Labs failed to prove consumer confusion over Ripps’ NFT collection. The case has been sent back to a lower court for further proceedings.
- The Ninth Circuit Court ruled Yuga Labs failed to prove consumer confusion in the NFT trademark case.
- The $9 million judgment against Ryder Ripps and Jeremy Cahen has been overturned and sent back for trial.
- The case highlights the legal complexities surrounding NFT intellectual property and trademark disputes.
📎 Related coverage from: cointelegraph.com