Bored Apes Were at the Center of the NFT Boom. Now They’re Mired in Lawsuits and Plunging in Value

The collection of NFTs called the "Bored Ape Yacht Club" has been the target of investigations by the US Securities and Exchange Commission in recent months. In addition, not only has the collection in question seen its value decrease exponentially, it has also become the target of a series of fundamental questions and queries regarding the protection of Copyright.

2022 was marked by a notable boom in the NFT sector, the main subjects of which can be identified within the Bored Ape collection. The monkeys depicted in the tokens in question immediately gained enormous fame, especially following media movements by various celebrities. Nonetheless, the latter were sued in the last months of last year for allegedly artificially inflating the value of these NFTs.

As previously mentioned, the protection of Copyright remains an extremely influential topic within the field, and the regulation of the subject in question is confirmed to be increasingly complex every time.