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Friday, March 24, 2023

Yuga Labs Has Spoken Up While X2Y2 Outpaces OpenSea

Yuga Labs has finally spoken up about the conspiracy theory that states the team brought in Nazi memes in the artwork which was then branded into the Bored Ape Yacht Club.

As was reported by Cointelegraph previously, the conspiracy theory of BAYC was brought to the limelight on the 20th of June after Philion, a YouTuber, went on to publish a video that explored the evidence that Ryder Ripps, an artist previously compiled at the start of the year. In a blog post published on Medium and shared through Twitter on the 25th of June, Gordon Goner- the co-founder of the NFT company- finally decided to clear the air about this theory that had received so much attention that the company’s favored podcasters were speaking about it. 

Yuga Labs Has Filed A Lawsuit Against Defamation

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In particular, Ryder Ripps had alleged that the artwork of BAYC NFT- produced by Yuga Labs- had featured several racist caricatures of Asian and Black people. Also, the logo and the branding of the project has had several nods to certain Nazi ideology and symbols.

The artist also created a BAYC derivative NFT collection that was called RR/BAYC as a protest and satire against the company. Although the team didn’t respond to all of the points which were outlined against the NFT, it did deny all the allegations that the logo had been derived from the Nazi Totenkopf- skull and crossbones- symbol. It also mentioned that using Apes in the NFT was a nod to crypto degens and wasn’t a racist troll from any point of view. 

In another update, the team from Yuga Labs also mentioned that it had taken legal action and also filed a lawsuit that would stop the infringement and attempts that were made to harm the community as well as the firm. 

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