YouTuber baits MMA fighter to promote fake NFTs: Nifty Newsletter, Feb. 1–7
In this week’s newsletter, read about how Yuga Labs settled a lawsuit with one of the creators of a copycat nonfungible token (NFT) collection. Learn how the Bitcoin Ordinals creator fixed the first instance of porn uploaded to the protocol and how YouTuber Coffeezilla tricked MMA fighter Dillon Danis into promoting fake NFTs. In other news, Logan Paul and his team face a class-action lawsuit for allegedly executing a rug pull, and don’t forget this week’s Nifty News, featuring Mastercard’s former NFT lead minting his resignation letter as an NFT.
Yuga Labs — the team behind the popular Bored Ape Yacht Club (BAYC) NFT collection — settled a lawsuit with Thomas Lehman, one of the creators of a collection called RR/BAYC, which copies the original BAYC NFTs.
The NFT firm sued the developer in January for his role in the copycat project. In the settlement, Yuga Labs and Lehman agreed on a permanent injunction that bans Lehman from using imagery similar to BAYC.
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The creator of the Bitcoin Ordinals, an NFT-like protocol running on the Bitcoin mainnet, had to look for a fix when a pornographic image was inscribed into the blockchain on Feb. 2. The image has been removed from the Ordinals website but will forever live on the blockchain.
Speaking with Cointelegraph, Ordinals creator Casey Rodarmor, said he acted quickly to remove the image from the website. However, Rodarmor said there’s not much that can be done to prevent future instances because of the nature of the protocol.
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Crypto investigator Coffeezilla recently revealed he tricked mixed martial artist and influencer Dillon Danis into promoting a fake NFT project without disclosing that he received payment for the ad.
In the advertisement,
Read more on cointelegraph.com
