क्रिप्टो में निवेश के लाभ और नुकसान
क्रिप्टोकरेंसी क्या है और एनएफटीएस क्या हैं? | इंटरनेट मायने रखता है
क्रिप्टोकरेंसी और अपूरणीय टोकन (एनएफटी) इंटरनेट के भविष्य को आकार दे रहे हैं। शोध से पता चलता है कि अधिक बच्चे और युवा पैसा कमाने के नए तरीके खोज रहे हैं। इससे उन्हें कई प्रकार के ऑनलाइन नुकसान का खतरा हो सकता है, ...
ऊब गए एप यॉट क्लब
एनएफटी अक्सर डिजिटल आर्टवर्क से जुड़े होते हैं जैसा कि के मामले में होता है <anchor>ऊब गए एप यॉट क्लब</anchor>. हालांकि, एक एनएफटी संगीत, फोटोग्राफी, अवतार और यहां तक ​​कि वीडियो गेम संपत्ति सहित डिजिटल कला से परे किसी भी चीज का आकार ले सकता है।
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## Contents

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- [1Development and function](#Development_and_function)Toggle Development and function subsection  - [1.1Founders](#Founders)
  - [1.2Post-launch](#Post-launch)
- [2Legal issues](#Legal_issues)Toggle Legal issues subsection  - [2.1SEC investigation](#SEC_investigation)
  - [2.2Class action lawsuit](#Class_action_lawsuit)
- [3Reception](#Reception)Toggle Reception subsection  - [3.1Popularity and celebrity collectors](#Popularity_and_celebrity_collectors)
  - [3.2Artistic merits and criticism](#Artistic_merits_and_criticism)    - [3.2.1_Red Ape Family_](#Red_Ape_Family)
  - [3.3ApeFest ocular injuries](#ApeFest_ocular_injuries)
  - [3.4Allegations of racism](#Allegations_of_racism)
  - [3.5Copycat projects](#Copycat_projects)    - [3.5.1Ryder Ripps lawsuit](#Ryder_Ripps_lawsuit)
- [4See also](#See_also)
- [5References](#References)
- [6Further reading](#Further_reading)

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# _Bored Ape_

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NFT collection on the Ethereum blockchain

2021 video game

Bored Ape Yacht Club[![](//upload.wikimedia.org/wikipedia/en/thumb/c/c4/Various_Bored_Ape.jpg/220px-Various_Bored_Ape.jpg)](/wiki/File:Various_Bored_Ape.jpg)

Bored Ape characters used by the creators of the project

[Developer(s)](/wiki/Video_game_developer "Video game developer")Yuga Labs LLC[Platform(s)](/wiki/Computing_platform "Computing platform")[Ethereum](/wiki/Ethereum "Ethereum")ReleaseApril 30, 2021

**Bored Ape Yacht Club** ( **BAYC**), often colloquially called **Bored Apes** or **Bored Ape** is a [non-fungible token](/wiki/Non-fungible_token "Non-fungible token") (NFT) collection built on the [Ethereum](/wiki/Ethereum "Ethereum") [blockchain](/wiki/Blockchain "Blockchain") with the [ERC-721 standard](/wiki/ERC-721 "ERC-721"). The collection features [profile pictures](/wiki/Avatar_(computing) "Avatar (computing)") of cartoon apes that are [procedurally generated](/wiki/Procedurally_generated "Procedurally generated") by an algorithm.

The parent company of Bored Ape Yacht Club is **Yuga Labs.**[\[1\]](#cite_note-Hetzner2022-1) The project launched in April 2021.[\[2\]](#cite_note-2) Owners of a Bored Ape [NFT](/wiki/NFT "NFT") are granted access to a private online club, exclusive in-person events, and [intellectual property](/wiki/Intellectual_property "Intellectual property") rights for the image.[\[3\]](#cite_note-:0-3)

In 2022, Yuga Labs was valued at US$4 billion.[\[4\]](#cite_note-4) This is due in large part to the sales of the Bored Ape Yacht Club NFT collection totalling over US$1 billion as well as high value auction sales from their investor, now defunct [FTX](/wiki/FTX "FTX").[\[5\]](#cite_note-observer.com-5)[\[6\]](#cite_note-6) Various celebrities have purchased these non-fungible tokens, including [Justin Bieber](/wiki/Justin_Bieber "Justin Bieber"), [Snoop Dogg](/wiki/Snoop_Dogg "Snoop Dogg") and [Gwyneth Paltrow](/wiki/Gwyneth_Paltrow "Gwyneth Paltrow").[\[7\]](#cite_note-7)

By July 2023, the floor price of Bored Ape NFTs had decreased 88% from its April 2022 peak.[\[8\]](#cite_note-8)

## Development and function

Yuga Labs LLCFounded2021; 3 years ago (2021)Area servedGlobal[Founder(s)](/wiki/Organizational_founder "Organizational founder")

- Greg Solano ("Gargamel")
- Wylie Aronow ("Gordon Goner")
- Zeshan Ali ("No Sass")
- Kerem Atalay ("Emperor Tomato Ketchup")

[\[9\]](#cite_note-9)CEODaniel AlegreIndustry[Cryptocurrency](/wiki/Cryptocurrency "Cryptocurrency")URL[yuga.com](https://yuga.com/)

According to the Bored Ape Yacht Club (BAYC) website, the NFT collection was created by four friends who "set out to make some dope apes, test \[their\] skills, and try to build something (ridiculous)."[\[10\]](#cite_note-10) Bored Ape NFTs, like other NFTs created and used for [digital art](/wiki/Non-fungible_token#Digital_art "Non-fungible token") purposes aim to provide its owners the "original" artwork.[\[11\]](#cite_note-ThaddeusJohns2021-11)[\[12\]](#cite_note-Jones2022-12) Bored Ape NFTs owners are considered in possession of "a unique unit of data recorded in a digital blockchain, which permanently records its provenance or sales history."[\[12\]](#cite_note-Jones2022-12)

The collection exists on the Ethereum blockchain and contains 10,000 unique NFTs derived from 172 unique assets.[\[13\]](#cite_note-opensea-13) The NFTs function dually as a membership card to Yacht Club. Membership to the club includes access to THE BATHROOM (stylized in all caps), a digital graffiti board where users commonly "draw dicks," according to the founder.[\[14\]](#cite_note-14)[\[13\]](#cite_note-opensea-13) The NFTs were originally sold for 0.08 ether each, around $190 at the time of their April 2021 launch[\[15\]](#cite_note-VanBoom2022-15) and were sold out in 12 hours.[\[16\]](#cite_note-16)

As BAYC "has made it clear that NFT holders have full commercialization rights to their ape," Bored Apes differ from other NFTs in that "whoever owns a Bored Ape can spin it into whatever film, music, TV, book, or media project they want."[\[17\]](#cite_note-Ifeanyi2022-17)

### Founders

Two of the founders of BAYC, going by the pseudonyms "Gargamel" and "Gordon Goner", describe themselves as "literary bros".[\[18\]](#cite_note-Knibbs2022-18) The two told _[The New Yorker](/wiki/The_New_Yorker "The New Yorker")_ they initially bonded by arguing about the work of [David Foster Wallace](/wiki/David_Foster_Wallace "David Foster Wallace").[\[19\]](#cite_note-Chayka2021-19) The two of them grew up together in [Miami](/wiki/Miami "Miami").[\[19\]](#cite_note-Chayka2021-19) The other two founders go by the pseudonyms "No Sass" and "Emperor Tomato Ketchup",[\[20\]](#cite_note-Hissong2021-20) the latter deriving his alias from the 1996 [Stereolab](/wiki/Stereolab "Stereolab") [album of the same name](/wiki/Emperor_Tomato_Ketchup_(album) "Emperor Tomato Ketchup (album)").[\[20\]](#cite_note-Hissong2021-20) As of July 2023, three out of four founders have left the company.[\[21\]](#cite_note-21)[\[22\]](#cite_note-22)

In February 2022, Gargamel and Gordon Goner's identities were revealed to be Greg Solano and Wylie Aronow, respectively, by _[BuzzFeed News](/wiki/BuzzFeed_News "BuzzFeed News")_.[\[23\]](#cite_note-Roth2022-23) Upon this revelation, Nicole Muniz, the then-CEO of Yuga Labs, confirmed _BuzzFeed_'s report.[\[23\]](#cite_note-Roth2022-23) Solano and Aronow went to [Twitter](/wiki/Twitter "Twitter"), commenting they were [doxxed](/wiki/Doxxed "Doxxed") and uploaded images of themselves next to their Bored Ape profile pictures.[\[23\]](#cite_note-Roth2022-23) Solano is a writer and editor, while No Sass and Emperor Tomato Ketchup are programmers.[\[23\]](#cite_note-Roth2022-23) Aronow, the son of boat tycoon [Donald Aronow](/wiki/Donald_Aronow "Donald Aronow"), has been documented as planning to attend an MFA program, before becoming addicted to [crack cocaine](/wiki/Crack_cocaine "Crack cocaine") and alcohol,[\[24\]](#cite_note-24) falling ill and becoming a [cryptocurrency](/wiki/Cryptocurrency "Cryptocurrency") [day trader](/wiki/Day_trading "Day trading").[\[25\]](#cite_note-25)[\[19\]](#cite_note-Chayka2021-19)

Solano and Aronow brought in two friends of theirs, No Sass and Emperor Tomato Ketchup, programmers who could handle the blockchain coding.[\[19\]](#cite_note-Chayka2021-19) The latter two were knowledgeable in computer science, having studied the field at the same university Solano attended; however, they "were not crypto-savvy," having both written their first lines of [Solidity](/wiki/Solidity "Solidity") code, a language used for [smart contracts](/wiki/Smart_contracts "Smart contracts"), in February 2021.[\[20\]](#cite_note-Hissong2021-20)

Solano and Aronow came up with the concept of "a shared digital canvas: anyone who bought in could draw on it." They likened this canvas to a bathroom at a [dive bar](/wiki/Dive_bar "Dive bar"); this idea stuck with the two, and they created a science-fiction storyline centered around it. In an interview with _The New Yorker_, Aronow elaborated on the concept, which centered on early cryptocurrency investors all becoming billionaires:

> Now they're just fucking bored. What do you do now that you're wealthy beyond your wildest dreams? You're going to hang out in a swamp club with a bunch of apes and get weird.[\[19\]](#cite_note-Chayka2021-19)

Aronow clarified that apes were chosen as a mascot for the NFT because of the cryptocurrency phrase _aping in_, meaning to buy into a new currency or NFT with abandon, risking a significant amount of money.[\[19\]](#cite_note-Chayka2021-19)

All Seeing Seneca, or simply Seneca, an Asian-American artist, is credited as the lead designer of the artwork featured in Bored Ape NFTs.[\[26\]](#cite_note-Hissong2022-26) Seneca clarified that she was not the sole illustrator of the artwork, but the "lead artist of the original collection" and that the ape's body is "exactly line-for-line" her drawing.[\[26\]](#cite_note-Hissong2022-26)

BAYC co-founder Gargamel stated that "Thomas Dagley, Migwashere, and a couple who chose to remain anonymous" handled traits and environments.[\[26\]](#cite_note-Hissong2022-26) Seneca did however, "develop some of the major traits, like the grinning mouth, the popping eyes, and the beanie."[\[26\]](#cite_note-Hissong2022-26) Gargamel stated he was "struck" by the expressiveness of Seneca's characters and that "for the apes, we arrived at exactly the mood we were after: existential boredom."[\[26\]](#cite_note-Hissong2022-26) Although unable to share specifics, Seneca did state her financial compensation was not ideal, but that she was "grateful for the experience" and stated that "not of ton of people know that I did these drawings, which is terrible for an artist."[\[26\]](#cite_note-Hissong2022-26) \[ _[sic](/wiki/Sic "Sic")_\]

### Post-launch

After Bored Ape NFTs became popular, Yuga Labs hired artists, social media managers, [Discord](/wiki/Discord_(software) "Discord (software)") community managers, and a CFO. In response to the popularity surrounding Bored Ape, Aronow stated that BAYC was aiming to be a " [Web3](/wiki/Web3 "Web3") lifestyle company."[\[20\]](#cite_note-Hissong2021-20) The company released secondary assets like Bored Ape Kennel Club, Mutant Serum, and Mutant Ape Yacht Club,[\[27\]](#cite_note-:2-27)[\[28\]](#cite_note-28) which has increased BAYC's worth, brought more users into the ecosystem and [rewarded](/wiki/Airdrop_(cryptocurrency) "Airdrop (cryptocurrency)") previous holders and investors.

On March 11, 2022, it was announced that Yuga Labs acquired all of the [CryptoPunks](/wiki/CryptoPunks "CryptoPunks") and Meebits intellectual property for an undisclosed sum. Yuga Labs stated they were granting complete commercial rights to CryptoPunks owners.[\[29\]](#cite_note-29)

On March 16, 2022, ApeCoin DAO launched its own token separate from Yuga Labs known as "ApeCoin" ($APE), which was used to build [tokenomics](/wiki/Tokenomics "Tokenomics") for their products.[\[30\]](#cite_note-30) The token [smart contract](/wiki/Smart_contract "Smart contract") has been audited by Certik [\[31\]](#cite_note-31) and Softstack (formerly Chainsulting).[\[32\]](#cite_note-32)

On April 25, 2022, the official [Instagram](/wiki/Instagram "Instagram") account of the company was hacked and a [phishing](/wiki/Phishing "Phishing") link was posted on it. As a result, four Bored Ape NFTs, along with ten more from related collections by Yuga Labs, were stolen with a total estimated worth of approximately $3 million.[\[33\]](#cite_note-33) $1 million worth of funds were transferred into the hacker's account.[\[27\]](#cite_note-:2-27)

On April 30, 2022, Yuga Labs launched its [metaverse](/wiki/Metaverse "Metaverse") _Otherside_, as a collaboration with [Animoca Brands](/wiki/Animoca_Brands "Animoca Brands").[\[34\]](#cite_note-34)[\[35\]](#cite_note-35) Bored Ape NFTs feature in the music video for [Eminem](/wiki/Eminem "Eminem") and [Snoop Dogg](/wiki/Snoop_Dogg "Snoop Dogg")'s song " [From the D 2 the LBC](/wiki/From_the_D_2_the_LBC "From the D 2 the LBC")".[\[36\]](#cite_note-36)

In December 2022, [Activision Blizzard](/wiki/Activision_Blizzard "Activision Blizzard") [COO](/wiki/Chief_operating_officer "Chief operating officer") Daniel Alegre succeeded Nicole Muniz as CEO of Yuga Labs in an effort to shift the company toward metaverse gaming projects.[\[37\]](#cite_note-37) In January 2023, Yuga Labs launched an [endless runner](/wiki/Endless_runner "Endless runner") video game called Dookey Dash for holders of the BAYC NFTs. Getting the highest score granted the player a "golden key" NFT, which Twitch streamer Mongraal won and subsequently sold to [Adam Weitsman](/wiki/Adam_Weitsman "Adam Weitsman") for $1.6 million.[\[38\]](#cite_note-38)

## Legal issues

### SEC investigation

In October 2022, it was reported that the [U.S. Securities and Exchange Commission](/wiki/U.S._Securities_and_Exchange_Commission "U.S. Securities and Exchange Commission") were investigating Yuga Labs amid concerns that their NFTs were unregistered [security](/wiki/Security_(finance) "Security (finance)") offerings.[\[39\]](#cite_note-39) Since the fall of Yuga's investor, [FTX](/wiki/FTX "FTX"), there is a wider concern to regulate cryptocurrencies and NFTs.[\[5\]](#cite_note-observer.com-5)

### Class action lawsuit

On December 8, 2022, a [class action](/wiki/Class_action "Class action") lawsuit was filed against the Bored Ape Yacht Club parent company, Yuga Labs, alleging their product is an unregistered security that was promoted through fraudulent undisclosed celebrity endorsements.[\[40\]](#cite_note-40) The class action names many celebrities who promoted the NFTs such as [Diplo](/wiki/Diplo "Diplo"), [Snoop Dogg](/wiki/Snoop_Dogg "Snoop Dogg"), [Post Malone](/wiki/Post_Malone "Post Malone"), [Kevin Hart](/wiki/Kevin_Hart "Kevin Hart") as well as Yuga Labs' business partner, [Guy Oseary](/wiki/Guy_Oseary "Guy Oseary"), in being part of the 'scheme'.[\[41\]](#cite_note-41)[\[42\]](#cite_note-Elle_Reeve_and_Samantha_Guff-42) In addition, the suit also names Moonpay and auction house [Sotheby's](/wiki/Sotheby%27s "Sotheby's") for contributing to the scheme.[\[43\]](#cite_note-43)[\[44\]](#cite_note-44)

## Reception

### Popularity and celebrity collectors

Bored Apes have been documented by the media as one of the more prominent NFTs. In December 2021, the Bored Ape Yacht Club overtook [CryptoPunks](/wiki/CryptoPunks "CryptoPunks") as the highest-priced NFTs.[\[45\]](#cite_note-Robertson2021-45) Bored Apes, along with other character-based NFTs, would become "a status symbol for owners who regularly use their animated creatures as avatars on social media".[\[17\]](#cite_note-Ifeanyi2022-17) Senior Writer, Kate Knibbs from _[Wired](/wiki/Wired_(magazine) "Wired (magazine)")_ called the popularity of Bored Apes "a gimmick, plain and simple".[\[46\]](#cite_note-46) Many Bored Ape [NFT](/wiki/NFT "NFT") owners admitted to purchasing their Apes due to the potential marketing and branding projects that can be launched through owning the intellectual property of a Bored Ape NFT.[\[47\]](#cite_note-Sato2022-47) In November 2021, _[Rolling Stone](/wiki/Rolling_Stone "Rolling Stone")_ released Bored Ape magazine covers as an NFT magazine.[\[48\]](#cite_note-48) A year later the same publication declared that "NFTs are finally totally worthless."[\[49\]](#cite_note-49) [Universal Music Group](/wiki/Universal_Music_Group "Universal Music Group") has signed a band composed of three Bored Apes and one Mutant Ape.[\[50\]](#cite_note-50)

On January 4, 2022, _[Markets Insider](/wiki/Insider_(news_website)#Divisions "Insider (news website)")_ wrote that "Since its inception, the collection has amassed around 11,000 unique owners, according to CryptoSlam. On average, an ape has sold for 84 ether or roughly $344,000 as of publishing."[\[51\]](#cite_note-51) Companies were also noted to purchase Bored Ape NFTs; [Adidas](/wiki/Adidas "Adidas") bought one in September 2021.[\[52\]](#cite_note-52) Many online media publications wrote about celebrities collecting Bored Apes in late 2021 and early 2022; [Eminem](/wiki/Eminem "Eminem"), [Gwyneth Paltrow](/wiki/Gwyneth_Paltrow "Gwyneth Paltrow"), [Shaquille O'Neal](/wiki/Shaquille_O%27Neal "Shaquille O'Neal"), [Neymar](/wiki/Neymar "Neymar"), [Snoop Dogg](/wiki/Snoop_Dogg "Snoop Dogg"), [Mark Cuban](/wiki/Mark_Cuban "Mark Cuban"), [Post Malone](/wiki/Post_Malone "Post Malone"), [Stephen Curry](/wiki/Stephen_Curry "Stephen Curry"), [Paris Hilton](/wiki/Paris_Hilton "Paris Hilton"), [Jimmy Fallon](/wiki/Jimmy_Fallon "Jimmy Fallon"), and [Serena Williams](/wiki/Serena_Williams "Serena Williams") are among various celebrities noted to have purchased Bored Apes.[\[18\]](#cite_note-Knibbs2022-18)[\[53\]](#cite_note-Lee2021-53)[\[54\]](#cite_note-Chalk2022-54)[\[55\]](#cite_note-Lampen2022-55) In some cases of celebrities owning Bored Ape NFTs, such as with [Justin Bieber](/wiki/Justin_Bieber "Justin Bieber"), it has been reported that the actual purchase of the NFT may not have been made by the celebrity themselves.[\[56\]](#cite_note-Lopatto2022-56)

Bored Ape Yacht Club holds hosted events in New York, California, Hong Kong, and the UK for its owners. In November 2021, the company held a yacht party and a performance featuring [Chris Rock](/wiki/Chris_Rock "Chris Rock"), [Aziz Ansari](/wiki/Aziz_Ansari "Aziz Ansari"), and [The Strokes](/wiki/The_Strokes "The Strokes") as part of an entertainment weekend in New York;[\[57\]](#cite_note-57) an "ApeFest" event in June 2022 at [South Street Seaport](/wiki/South_Street_Seaport "South Street Seaport") featured [LCD Soundsystem](/wiki/LCD_Soundsystem "LCD Soundsystem") and [Haim](/wiki/Haim_(band) "Haim (band)") alongside "Doop Snogg", a Snoop Dogg impersonator who several attendees confused for the real Snoop Dogg.[\[58\]](#cite_note-58)

### Artistic merits and criticism

The Bored Ape NFTs have attracted a considerable amount of negative reception, with many detractors of BAYC having opined that the NFTs have had a negative impact on artists.[\[12\]](#cite_note-Jones2022-12)[\[18\]](#cite_note-Knibbs2022-18) Nevertheless, the Bored Ape design has been positively received; Samantha Hissong of _[Rolling Stone](/wiki/Rolling_Stone "Rolling Stone")_ wrote that "Bored Ape art isn't as valuable as it is because it's visually pleasing, even though it is. It's valuable because it also serves as a digital identity."[\[20\]](#cite_note-Hissong2021-20) Emma Roth of _[The Verge](/wiki/The_Verge "The Verge")_ wrote that the apes were "very interesting-looking and sometimes fashionable."[\[23\]](#cite_note-Roth2022-23) Cited by _[Intelligencer](/wiki/New_York_(magazine)#Digital_expansion_and_destination_sites "New York (magazine)")_ in January 2022, Roman Kräussl, an art-finance professor at the [University of Luxembourg](/wiki/University_of_Luxembourg "University of Luxembourg") and [Stanford University](/wiki/Stanford_University "Stanford University")'s [Hoover Institution](/wiki/Hoover_Institution "Hoover Institution"), stated that NFT works like Bored Apes (in addition to [CryptoPunks](/wiki/CryptoPunks "CryptoPunks") and Cool Cats) had already become iconic.[\[59\]](#cite_note-Dugan2022-59)

Writing for _[The Cut](/wiki/New_York_(magazine)#Digital_expansion_and_destination_sites "New York (magazine)")_, Claire Lampen commented, "I find the monkey mostly unremarkable, generically familiar, and not very much to my liking if not wholly offensive," and added that "\[celebrities\] really want us to enjoy this monkey, clap for this monkey, know what this monkey is. They can't make me. I won't let them."[\[55\]](#cite_note-Lampen2022-55) Jonathan Jones of _[The Guardian](/wiki/The_Guardian "The Guardian")_ was critical of the Bored Apes NFTs' impact on [digital art](/wiki/Digital_art "Digital art"). Jones opined that the NFT "should put an end to any romanticism about NFT art. It puts the consumer experience first and has absolutely nothing to do with empowering artists. It's all about the collector's ego."[\[12\]](#cite_note-Jones2022-12) He also wrote that "The attitude says it all. Bored, emptied out, wrecked, and proud of it. That's how the NFT art investors all feel, apparently. And so they should. NFTs are not good for art. They are not liberating for artists."[\[12\]](#cite_note-Jones2022-12)

A _[Tonight Show with Jimmy Fallon](/wiki/Tonight_Show_with_Jimmy_Fallon "Tonight Show with Jimmy Fallon")_ segment featuring Fallon and [Paris Hilton](/wiki/Paris_Hilton "Paris Hilton") showing off their Bored Apes was mocked by users on [Twitter](/wiki/Twitter "Twitter").[\[54\]](#cite_note-Chalk2022-54) _[Wired](/wiki/Wired_(magazine) "Wired (magazine)")_ described the segment as having the "stiff, cheery cadence of a bad infomercial", and wrote that the clip [going viral](/wiki/Going_viral "Going viral") was "fueled by people making fun of how off-putting it was".[\[18\]](#cite_note-Knibbs2022-18) Writing for the publication, Kate Knibbs wrote negatively of Bored Apes, and contrasted it to _[Comedian](/wiki/Comedian_(artwork) "Comedian (artwork)")_, a 2019 artwork by [Maurizio Cattelan](/wiki/Maurizio_Cattelan "Maurizio Cattelan") of a banana duct taped to a wall, where the buyer received instructions for recreating the artwork rather than an actual banana:

> The Bored Ape Yacht Club, in contrast, is a grimmer kind of gimmick, one that parodies nothing. It uses certificates of authenticity, too, but with a crucial difference in intent. The certificate points back to a commodity, not an idea. It doesn't mock or even question the art world; instead it simply cashes in on it. The project's sense of humor is akin to a decal of Calvin from _[Calvin & Hobbes](/wiki/Calvin_%26_Hobbes "Calvin & Hobbes")_ taking a piss. The crudeness is the point. Each ape is a misprized thing, bought and sold constantly.[\[18\]](#cite_note-Knibbs2022-18)

#### _Red Ape Family_

_Red Ape Family_, an [animated sitcom](/wiki/Animated_sitcom "Animated sitcom") about a family of Bored Apes that travel to Mars, premiered in November 2021. It was created by Hashem Zaini, the CEO of [Dubai](/wiki/Dubai "Dubai")-based animation studio Zaini Media, and Youssouf Bedraoui Drissi.[\[60\]](#cite_note-60) Each episode was accompanied by the sale of 333 NFTs, while each of the episodes were themselves made into NFTs. It was executive produced by American rapper [2 Chainz](/wiki/2_Chainz "2 Chainz"). Matthew Gault of _[Vice](/wiki/Vice_(magazine) "Vice (magazine)")_ wrote of its first episode, "It sucks. The animation is bad, the writing terrible, and the voice acting atrocious."[\[61\]](#cite_note-Vice-61)

### ApeFest ocular injuries

On November 2023, guests reported burning pain in their eyes and vision problems after attending a Bored Ape event known as "ApeFest," in Hong Kong. Potential causes include UV lights used at the event.[\[62\]](#cite_note-62) On November 6, Bored Ape Yacht Club stated they were aware of the incident and claimed "...we believe that much less than 1% of those attending and working the event had these symptoms." They also encouraged attendees who feel any symptoms to seek medical attention.[\[63\]](#cite_note-63)

### Allegations of racism

The anthropomorphized ape cartoons within the Bored Ape Yacht Club collection have been accused of racism. According to researchers from the [Anti-Defamation League](/wiki/Anti-Defamation_League "Anti-Defamation League"), the allegations of racism are doubtful, but certain traits within the images, such as "Hip-Hop", can be seen as problematic.[\[64\]](#cite_note-64) Record executive [Damon Dash](/wiki/Damon_Dash "Damon Dash"),[\[42\]](#cite_note-Elle_Reeve_and_Samantha_Guff-42) American rapper [Freddie Gibbs](/wiki/Freddie_Gibbs "Freddie Gibbs")[\[65\]](#cite_note-65) and [8chan](/wiki/8chan "8chan") founder [Fredrick Brennan](/wiki/Fredrick_Brennan "Fredrick Brennan") have stated that they believe Bored Ape Yacht Club looks racist.[\[66\]](#cite_note-66) The founders of the Bored Ape Yacht Club adamantly deny these allegations, stating that they are a diverse group of Turkish, Cuban and Jewish friends, some of whom have voted for [Bernie Sanders](/wiki/Bernie_Sanders "Bernie Sanders") and that they chose apes as the focus of the collection because of the common term "aping in".[\[67\]](#cite_note-67)

### Copycat projects

In late 2021, the popularity of Bored Apes spurred copycat NFT projects. PHAYC and Phunky Ape Yacht Club were two such projects centered around the same idea of selling NFTs of mirrored but otherwise identical images of Bored Ape NFTs.[\[45\]](#cite_note-Robertson2021-45) The [OpenSea](/wiki/OpenSea "OpenSea") NFT marketplace banned both projects in December 2021.[\[45\]](#cite_note-Robertson2021-45) In February 2022, Bored Wukong was accused of copycat NFT avatars.[\[68\]](#cite_note-Shen2022-68)

#### Ryder Ripps lawsuit

In June 2022, Yuga Labs launched a lawsuit against [Ryder Ripps](/wiki/Ryder_Ripps "Ryder Ripps"). Ripps is accused of false advertising and trademark infringement, with Yuga Labs requesting financial reimbursement and saying Ripps was executing a "calculated, intentional, and willful" plan to damage the reputation of the project. Ripps made a statement saying that the buyers of his NFTs were informed that they were not related to the BAYC project and that his NFTs were a satirical response to those of Yuga Labs.[\[69\]](#cite_note-69) On August 15, 2022, he tried to file an anti- [SLAPP](/wiki/SLAPP "SLAPP") motion to dismiss the lawsuit, which was denied;[\[70\]](#cite_note-70)[\[71\]](#cite_note-71)[\[72\]](#cite_note-72) Ripps appealed the denial of his anti-SLAPP motion to dismiss, but the 9th U.S. Circuit Court of Appeals ruled against him in October 2023.[\[73\]](#cite_note-73)

In April 2023, federal judge [John F. Walter](/wiki/John_F._Walter "John F. Walter") of the [United States District Court for the Central District of California](/wiki/United_States_District_Court_for_the_Central_District_of_California "United States District Court for the Central District of California") issued a [summary judgment](/wiki/Summary_judgment "Summary judgment") in Yuga Labs' favor, with damages to be determined at trial.[\[74\]](#cite_note-Ozawa-74) The judge ruled that Ripps and his partner Jeremy Cahen had committed " [false designation of origin](/wiki/False_designation_of_origin "False designation of origin")" and " [cybersquatting](/wiki/Cybersquatting "Cybersquatting")" and that Yuga Labs was entitled to an [injunction](/wiki/Injunction "Injunction") and damages.[\[74\]](#cite_note-Ozawa-74)[\[75\]](#cite_note-75) Following the court trial, Judge Walter ruled that Yuga Labs was entitled to recover all $1.3 million of Ripps' and Cahen's profits from the sale of the copycat NFTs, plus $200,000 in damages for cybersquatting, plus attorneys' fees; the ruling was made public in October 2023.[\[76\]](#cite_note-76)

## See also

- [Bored & Hungry](/wiki/Bored_%26_Hungry "Bored & Hungry")
- [CryptoKitties](/wiki/CryptoKitties "CryptoKitties")
- [CryptoPunks](/wiki/CryptoPunks "CryptoPunks")
- [Rare Pepe](/wiki/Rare_Pepe "Rare Pepe")
- [List of most expensive non-fungible tokens](/wiki/List_of_most_expensive_non-fungible_tokens "List of most expensive non-fungible tokens")

## References

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70. **[^](#cite_ref-70)**Escalante-De Mattei, Shanti (August 15, 2022). ["Artist Ryder Ripps Claims Lawsuit Over Bored Ape NFTs Is Being Used to Silence Him"](https://www.artnews.com/art-news/news/ryder-ripps-yuga-labs-slapp-motion-to-dismiss-1234636641/). _[ARTnews](/wiki/ARTnews "ARTnews")_. [Archived](https://web.archive.org/web/20220815215033/https://www.artnews.com/art-news/news/ryder-ripps-yuga-labs-slapp-motion-to-dismiss-1234636641/) from the original on August 15, 2022. Retrieved August 16, 2022.
71. **[^](#cite_ref-71)**Brittain, Blake (August 15, 2022). ["Artist fires back at Bored Ape lawsuit with racism accusations"](https://www.reuters.com/legal/litigation/artist-fires-back-bored-ape-lawsuit-with-racism-accusations-2022-08-15/). _[Reuters](/wiki/Reuters "Reuters")_. [Archived](https://web.archive.org/web/20220816131459/https://www.reuters.com/legal/litigation/artist-fires-back-bored-ape-lawsuit-with-racism-accusations-2022-08-15/) from the original on August 16, 2022. Retrieved August 16, 2022.
72. **[^](#cite_ref-72)**Escalante-De Mattei, Shanti (19 December 2022). ["Judge Says Lawsuit Over Artist Ryder Ripps's NFTs Protesting Bored Ape Yacht Club Must Proceed"](https://www.artnews.com/art-news/news/yuga-labs-ryder-ripps-refusal-to-dismiss-lawsuit-anti-slapp-1234650893/). _[ARTnews](/wiki/ARTnews "ARTnews")_. [Archived](https://web.archive.org/web/20221226180642/https://www.artnews.com/art-news/news/yuga-labs-ryder-ripps-refusal-to-dismiss-lawsuit-anti-slapp-1234650893/) from the original on 26 December 2022. Retrieved 29 December 2022.
73. **[^](#cite_ref-73)**Brittain, Blake (October 31, 2023). ["Yuga Labs' win in Bored Apes NFT counterfeiting case upheld by US appeals court"](https://www.reuters.com/legal/litigation/yuga-labs-win-bored-apes-nft-counterfeiting-case-upheld-by-us-appeals-court-2023-10-31/). _Reuters_. Retrieved November 9, 2023.
74. ^ [_**a**_](#cite_ref-Ozawa_74-0) [_**b**_](#cite_ref-Ozawa_74-1)[Ozawa, Ryan](/wiki/Ryan_Ozawa "Ryan Ozawa") (April 22, 2023). ["Bored Ape Creator Yuga Labs Claims 'Landmark Legal Victory' Over Copycat NFTs"](https://finance.yahoo.com/news/bored-ape-creator-yuga-labs-211319438.html). _[Yahoo! Finance](/wiki/Yahoo!_Finance "Yahoo! Finance")_. Retrieved April 23, 2023.
75. **[^](#cite_ref-75)**Shanti Escalante-De Mattei (April 24, 2023). ["Judge Rules in Favor of Yuga Labs in Ryder Ripps Trademark Infringement Case"](https://www.artnews.com/art-news/news/yuga-labs-ryder-ripps-trademark-infringement-case-decision-ruling-1234665364/). _ART News_.
76. **[^](#cite_ref-76)**Brittain, Blake (October 26, 2023). ["Artist owes $1.5 mln in damages for fake Bored Ape NFTs, judge says"](https://www.reuters.com/legal/litigation/artist-owes-15-mln-damages-fake-bored-ape-nfts-judge-says-2023-10-26/). _Reuters_. Retrieved November 9, 2023.

## Further reading

- Lee, Justina (September 2, 2021). ["Day-Trading Army Goes All-In on NFTs as Meme-Stock Mania Ebbs"](https://www.bloomberg.com/news/articles/2021-09-02/day-trading-army-goes-all-in-on-nfts-as-meme-stock-mania-ebbs). _[Bloomberg News](/wiki/Bloomberg_News "Bloomberg News")_. Retrieved February 9, 2022.
- Morse, Jack (August 19, 2021). ["NFT owners insist they're totally not owned by 'right-click savers'"](https://mashable.com/article/non-fungible-tokens-nfts-right-click-save). _[Mashable](/wiki/Mashable "Mashable")_. Retrieved February 9, 2022.
- Ongweso Jr, Edward (January 6, 2022). ["'All My Apes Gone': NFT Theft Victims Beg for Centralized Saviors"](https://www.vice.com/en/article/y3v3ny/all-my-apes-gone-nft-theft-victims-beg-for-centralized-saviors). _[Vice](/wiki/Vice_(magazine) "Vice (magazine)")_. Retrieved February 9, 2022.

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