A long-running legal saga between Yuga Labs, the parent company of Bored Ape Yacht Club, and artist Ryder Ripps and his business partner Jeremy Cahen, has finally ended, with the parties reaching a settlement on Tuesday. While the terms of the settlement are confidential, the parties disclosed that they agreed to a permanent injunction against Ripps and Cahen using any trademarks or images owned by Yuga Labs. The lawsuit stemmed from Ripps’s quest, at the height of the NFT craze in 2022, to prove that the founders of Bored Ape Yacht Club had threaded their NFT series with racist imagery, pointing to the accessories the Apes wear, including Prussian helmets and safari hats, which Ripps contended were tied to alt-right culture. Further, he argued that the BAYC symbol of a white Ape skull resembled a Nazi Totenkopf emblem. Yuga Labs, for its part, repeatedly denied these claims, and emphasized the diverse backgrounds of its founders and primary funder, music mogul Guy Oseary. Related Articles The next step in Ripps’s quest to take down BAYC was …