🐵The US Court Recognized NFT as a Commodity

The US Court of Appeals has resumed the case of Yuga Labs against the creators of the parody collection RR/BAYC and has handed it over to the jury. The main point: for the first time, the court officially recognized that NFTs can be considered trademarks and are subject to legal protection.

This decision has become an important victory not only for Yuga Labs but also for the entire NFT community. The court emphasized that BAYC tokens are not just "monkey business" but assets deserving of legal protection.