Yuga Labs' Dookey Dash Launch Sparks $6M NFT Sales Amid Controversy

Dookey Dash NFT Game Hits $6M in Sales

Yuga Labs, the creators of the Bored Apes Yacht Club (BAYC), have successfully launched their new blockchain game, Dookey Dash. This skill-based game is part of the Otherside by Otherdeed project and has generated over $6 million in NFT sales through the issuance of Sewer Passes. These passes allow players to participate in the game, where they navigate digital primates on water motorcycles through a sewer setting. Players are showcasing their high scores and winning NFTs, further fueling interest in the game.

Rising Controversy Surrounding Yuga Labs

Despite the game's success, Yuga Labs is embroiled in controversy and legal troubles. Two significant lawsuits are currently in the spotlight. NFT artist Ryder Ripps has accused the company of 'cultural fraud,' linking the Bored Apes logo to a historically controversial group. This claim has sparked debate and drawn attention to the origins of the logo's inspiration.

Impending Concerns Over ApeCoin

In addition to the legal challenges, there is growing concern among crypto enthusiasts about a potential 'billion dollar dump' of ApeCoin. Speculation suggests that Yuga Labs and its partners may soon unlock and release a large volume of these tokens, impacting their market value. At present, ApeCoin is valued at $6.01, experiencing fluctuations yet maintaining strong gains over the past month.

Ryder Ripps and BAYC Lawsuit

Ryder Ripps, while a critic of Yuga Labs, is also involved in a legal battle with the company over copyright infringement. He created a parody collection resembling BAYC, which earned him $1.8 million in NFT sales. Yuga Labs responded with a lawsuit, highlighting the complexities surrounding intellectual property in the NFT space.

Yuga Labs' Influence in Web3

Yuga Labs remains a dominant force in the Web3 landscape, valued at $4 billion. The company's impact on NFT and blockchain technology is undeniable, having brought mainstream attention to BAYC and MAYC collections. However, ongoing controversies and market dynamics continue to shape its journey and influence in the digital world.