Yuga Labs settles lawsuit against artists accused of copying its NFTs

Burns Brief

Yuga Labs first filed a lawsuit in June 2022, accusing Ripps and Cahen of copying its Bored Ape Yacht Club cartoon ape images and selling lookalike NFTs Market sentiment is turning positive, with traders and analysts pointing to potential follow-through momentum in the coming sessions. Watch for volume confirmation — a breakout above average volume would signal the trend is likely to continue.