Yuga Labs, the company behind the Bored Ape Yacht Club NFTs, has reached a settlement in its lawsuit against artist Ryder Ripps and entrepreneur Jeremy Cahen. The confidential agreement prohibits Ripps from using the trademarks and images owned by Yuga Labs. This legal battle began during the NFT boom of 2021 when Ripps launched a project called 'RR/BAYC,' which he claimed was a form of protest against Yuga Labs, accusing the company of embedding racist imagery in its NFTs. The lawsuit escalated, leading to a court ruling in February 2024 that ordered Ripps and Cahen to pay approximately $9 million to Yuga Labs. However, this ruling was later overturned by the Ninth Circuit Court of Appeals, which called for a jury trial. Ultimately, instead of going to trial, both parties reached a settlement on April 7, 2026. Despite the ongoing legal issues, the Bored Ape Yacht Club has made a comeback with a new metaverse experience named Otherside, indicating a resurgence in interest in the NFT space.