Yuga Labs’ BAKC NFTs Continue To Pump Despite Logo Controversy!
Yuga Labs’ BAKC NFTs Continue To Pump Despite Logo Controversy!
Recently, Yuga Labs came under massive scrutiny and criticism after it was found that the logo of their Bored Ape Kennel Club (BAKC) collection had actually been stolen art, an illustration originally drawn by Easy Drawing Guides and used without their knowledge or permission.
On Feb. 17, Easy Drawing Guides confirmed the speculations, writing on their Twitter, “Yuga Labs 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.”
Yuga Labs’ @CryptoGarga says BAKC’s logo will be changed after it was discovered to have been stolen work 👇🏻👀#BAYC @BoredApeYC @YugaLabs #nft #nfts #nftcommunity pic.twitter.com/3gnfJBS4Eo
— Alpha Blocs (@TheAlphaBlocs) February 18, 2023
Changing BAKC’s Logo
Following this revelation, Yuga Labs co-founder Greg Solano, popularly known as Gargamel online, addressed the issue explaining that the team had also just found out about this due to the fact that they had hired a freelancer to create their logo.
Along with that, Solano stated that the team has quickly changed all the BAKC logos on NFT marketplaces and their official website and will be working on creating a new logo for the collection soon.
Related: YouTube Hires Web3 & NFT Advocate Exec As New CEO!
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
BAKC’s Volume
Despite this sudden revelation and the massive criticism that Yuga Labs received for their lack of due diligence on the copyrighted logo, the controversy doesn’t seem to have affected the price or trading activity of any of Yuga Labs’ collections, including BAKC itself.
In fact, according to data from CryptoSlam, Bored Ape Kennel Club (BAKC)’s trading volume had actually surged by more than 300% in the past 24 hours, a massive number that the collection hasn’t seen since the launch of Yuga Labs’ popular game, Dookey Dash, earlier in January.
Related: Floki Crypto Price Soars, Outperforming Dogecoin & SHIB This Year!
For more info regarding Crypto Alpha and NFTs Alpha. Always follow us on Twitter and Instagram.
