New logo slated for Yuga’s dog-themed NFT collection
The logo for the Bored Ape Kennel Club (BAKC) from nonfungible token (NFT) conglomerate Yuga Labs is getting a refresh after recently surfaced allegations of intellectual property theft.
Yuga co-founder, Greg Solano, more widely known as “Garga” tweeted on Feb. 18 that the BAKC logo would be changing and the project would “debut the new logo soon.”
Saw the claims today about the BAKC logo. This was news to us and we’re still investigating the situation. Have reached out to the freelancer we hired for that design and Easy Drawing Guides. We’ll be changing the logo and updating it on our site / ask marketplaces to change as… https://t.co/OwtflDXehz
— Garga.eth (Greg Solano) (@CryptoGarga) February 18, 2023
Yuga has been in the doghouse over its trademarked logo as it looks remarkably similar to the finished product of a follow-along drawing guide made for children by a company called Easy Drawing Guides.
Easy Drawing Guides released a wolf skull drawing guide on April 5, 2021, a little over two months prior to BAKC’s June 17, 2021 launch. The firm has asserted its intellectual property rights over the drawing.
Thanks for bringing this up @Jdotcolombo. @yugalabs doesn’t have a license to the wolf skull drawing. The intellectual property rights for the drawing belong to Easy Drawing Guides as it’s our original drawing and protected by our Terms and Conditions.
— Easy Drawing Guides (@easydrawinguide) February 17, 2023
Solano said the whole debacle “was news to us,” adding Yuga was “still investigating the situation” and had contacted Easy Drawing Guides and the freelance artist contracted for the design.
Blurred lines: NFT marketplace wars surge sales
NFT sales over the past seven days have skyrocketed amid a battle for domination between OpenSea and its rival Blur — with the two sparring over fees and creator royalties.
According to data from NFT aggregator CryptoSlam, NFT sales volume has increased over 101% in the past week compared to the week prior and has hit over $524 million transacted in the last seven days at the time of writing.
One of the key factors in the rise was Blur’s token airdrop on Feb. 14 giving users the incentive to farm the drop by using the platform.
Blur has remained the dominant…
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