Did Yuga Labs commit IP theft?
Yuga Labs has been accused of using content stolen from the internet as its poster image for one project. According to the report, the company also trademarked the image illegally. In the report’s details, the image was said to have been released by a company that specializes in helping little children with beginner drawing tutorials. With this, the NFT company has been accused of stealing intellectual property.
Yuga Labs allegedly used the image for its project
According to the report, the introduction of NFT was touted as an end to issues like IP theft. It was supposed to help and protect creators by assisting them in trademarking their original content. The image was first discovered by a Twitter user who stumbled on a page on Twitter that helps little children with drawings.
The page was advertising ways to help children draw the skull of a wolf, an image that Yuga Labs will eventually use for one of its projects. The image piqued users’ curiosity because it was identical to BAYC’s official image. However, things became serious after it was discovered that the image was for a project that launched months after the drawing guide page released its image.
Fans want BAYC to compensate the drawing platform
The Twitter page Easy Drawing Guides have also released a statement stating that it did not give Yuga Labs the license to use its image. The page also commented on the trademark of its image, saying that the image and every other image on its page is protected by its copyright. The terms and conditions of the page solely grant individuals the right to use the images but not for commercial purposes.
Although it grants personal use, the rights of the images cannot be transferred. Fans and users of the BAYC service believe that the firm did not commit any wrongdoing, while some users believe that Yuga Labs needs to compensate the drawing page heavily. This is not the first time that Yuga Labs has been embroiled in an intellectual property issue after the platform owner was forced to trademark ten applications. According to the CEO, there were grounds for opposition highlighted in the trademark, with the company noting that all rights of images are eventually granted to the final NFT owners.
