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 despite the fact that Yuga Labs’ “NFTs will not be merely monkey enterprise and will be trademarked,” the trial court docket’s entry of abstract judgment was untimely in opposition to two creators of comparable NFTS.