US court restarts trademark lawsuit related to Yuga Labs, rules BAYC NFT is a protectable trademark

A U.S. court has reinstated Yuga Labs' trademark lawsuit against conceptual artist Ryder Ripps and developer Jeremy Cahen. The court ruled that a jury must decide whether the duo's parody NFT series misled consumers. Yuga Labs co-founder Greg Solano said that the court found in this appeal that Yuga's BAYC NFTs are protectable trademarks and not purely a scam, and also confirmed that NFTs can be protected as "goods" under the Lanham Act, rejecting arguments that NFTs are too intangible to qualify for trademark protection under U.S. law. [Foresight News]