Grumpy Cat Strikes Again: Creator Sends Stop-and-Desist NFT to Memecoin IssuerMay 25, 2023
Stop-and-desist NFT conflicts occur extra typically than ever, and the newest one comes from Grumpy Cat. The viral meme NFT and model homeowners issued an official letter towards the Twitter consumer SlumDoge Millionaire who promoted the $GRUMPYCAT token. Accordingly, the OG Grumpy Cat model didn’t approve the usage of its emblems. The consequence? A brand new accusation of mental property infringement.
Why Did Grumpy Cat Ship a Stop-and-Desist NFT Letter?
The enduring pet meme Grumpy Cat has formally began a authorized battle towards Web3 creator @ProTheDoge (SlumDoge Millionaire) for IP infringement. The story started on Could 22, when the official Twitter web page of Grumpy Cat posted a proper letter addressed to SlumDoge. Right here’s the doc:
In essence, Grumpy Cat accused SlumDoge Millionaire of utilizing their copyrights illegally to advertise a web3 token. The digital coin referred to as $GRUMPYCAT is allegedly marketed with none permission from the unique Grumpy Cat crew.
In line with Twitter NFT collector @BenLashes, SlumDoge Millionaire blocked Grumpy Cat shortly after the announcement. Nonetheless, the authorized battle is simply getting began.
IP Copyrights: Why Are They So Necessary within the NFT House?
Mental Property has been essential for content material creators for many years. Nevertheless, this problem is now closely debated within the NFT market, which has lacked laws till now.
One of many greatest IP rights lawsuits within the web3 world is Yuga Labs’ case towards Ryder Ripps. In brief, Ryder Ripps had allegedly used Yuga Labs’ mental property on BAYC for his personal NFT challenge titled RR/BAYC. Ultimately, Yuga Labs received the trial.
The same instance of a cease-and-desist NFT entails the luxurious style model, Hermes. The corporate accused artist Mason Rothschild of copyright infringement for his NFT assortment titled MetaBirkins. The collectibles had been barely modified model of Hermes’ iconic bag line, Birkin. For now, the trial continues to be ongoing.
To conclude, IP rights ought to now be taken simply as critically within the web3 world as they’re IRL.
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