- Art News wrote a false story regarding copyright law based on a statement by Yuga Labs.
- Yuga didn’t file the copyright licence.
- Delaneyksim, VP of Yuga Labs, clarified the whole situation via tweet.
A reporter for ArtNews wrote an article days ago that erroneously understood fundamental copyright law and incorrectly claimed that Yuga made specific claims. Although it has now been updated, some prominent news outlets are still asking questions about the initial report.
According to a Delaneyksim tweet, the first report said that Yuga Labs did not possess the rights to Bored Apes. “But they claim it is wrong, and we have copyright.” Yuga has not made any copyright registrations.
Yesterday a reporter at ArtNews published a story that misinterpreted basic copyright law and falsely attributed statements to Yuga. It has since been corrected, but we are seeing some inquiries from major news publications confused about the original story. Let’s dive in 🧵— delaneyksim.eth (@delaneyksim) January 27, 2023
As per copyright law, there is no requirement for federal registration to hold or own a copyright. “Registration is free.” To check the proof, click on the official US website.
According to the U.S. Copyright Office website, “Their work is copyrighted material the minute it is made and fixed in a material form.”
Even though we thank ArtNews for making the revisions (see the Editor’s Note at the bottom of the piece).
False reporting caused a lot of confusion. Other media sites and individuals became part of the disarray in the race by believing what others say and embracing false propaganda. To begin, look at the law and gather information.
Yuga Labs has released a license and commercial rights to owners of the BAYC, CryptoPunks, and Meebits NFT collections. According to the representative, Yuga still has fundamental rights to the artwork.
In a suit he filed against Yuga Labs, Ripps requested a copyrights statement from the court, which he thought would be critical to his defense strategy. Van Loon says that it is improper for the court to decide whether or not we have copyright rights. This is because we filed a lawsuit for trademark infringement rather than copyright infringement.