Bored Ape NFT Spinoff Venture Gone Sour Sparks Legal Fight (1)

Lawsuits are flying over neon-colored digital depictions of monkeys covered with cake frosting and candles, the latest legal battle to hit the world of NFTs.

A group of artists created the so-called Caked Apes in January, a spinoff series of the wildly popular and lucrative Bored Ape Yacht Club collection. Now the artists are suing each other over derivative designs of the nonfungible tokens, or NFTs, and fighting over how to share revenue.

Dueling lawsuits have been filed in Los Angeles federal court. Taylor Whitley filed suit Friday, claiming four Caked Apes members infringed digital designs and ousted him from ...