In this week’s newsletter, read about how Yuga Labs settled a lawsuit with one of the creators of a copycat nonfungible token (NFT) collection. Learn how the Bitcoin Ordinals creator fixed the first instance of porn uploaded to the protocol and how YouTuber Coffeezilla tricked MMA fighter Dillon Danis into promoting fake NFTs. In other news, Logan Paul and his team face a class-action lawsuit for allegedly executing a rug pull, and don’t forget this week’s Nifty News, featuring Mastercard’s former NFT lead minting his resignation letter as an NFT.
Yuga Labs — the team behind the popular Bored Ape Yacht Club (BAYC) NFT collection — settled a lawsuit with Thomas Lehman, one of the creators of a collection called RR/BAYC, which copies the original BAYC NFTs.