Yuga Labs accused of IP theft for trademarking BAYC wolf skull logo

cointelegraph.com:

The iconic wolf skull logo of Bored Ape Yacht Club (BAYC), Yuga Labs’ premier nonfungible tokens (NFTs) collections, was allegedly illegally trademarked without proper licenses. The image was originally released by a company specializing in drawing tutorials for children and beginners.

NFTs were introduced to the world to help solve the illegal use of intellectual properties and protect artists — the very problem Yuga Labs has been accused of doing. Crypto Twitter member and NFT artist @Jdotcolombo came across a post from April 5, 2021, in which Easy Drawing Guides advertised “an easy step-by-step drawing tutorial” for a wolf skull.

The art displayed by the company closely resembled BAYC’s official logo, which initially raised suspicion of wrongdoing — considering that BAYC’s Kennel Club collectibles launched on June 17, 2021.

Bro @BoredApeYC @yugalabs what a fucking joke bahahahahaha you got some explaining to do. 4/5/21 and your kennels came out 6/21 and you went and trademarked this skull. Are you guys ok or have you bumped your heads? https://t.co/HiLFdbnFL5 pic.twitter.com/FJigzJgBr8

Easy Drawing Guides responded to the commotion to confirm that Yuga Labs did not own a license to use the wolf skull drawing. Taking things one step further, Yuga Labs trademarked the unlicensed logo as its own. In retaliation, Easy Drawing Guides stated:

Cointelegraph confirmed that the terms and conditions of Easy Drawing Guides grant a non-transferable, non-exclusive, revocable, limited license to use and access the Website solely for personal, non-commercial use.

On the one hand, BAYC supporters believe that no intellectual property was breached in using the logo, however, most agree that Easy Drawing Guides is entitled to some serious