Legal Action Considerations
The creator of the popular “Just a Chill Guy” meme is considering legal action against various memecoins that have used his artwork without permission. This move comes in light of the recent launch of the Just a Chill Guy (CHILLGUY) cryptocurrency on the Solana blockchain on November 15, which quickly garnered attention and peaked at a market capitalization of $580 million before settling around $400 million, with trading currently at $0.40. The artist, known on the social media platform X as “PhillipBankss,” has voiced his frustration regarding the unauthorized use of his character in the cryptocurrency sphere. He plans to issue formal takedown requests targeting any for-profit ventures that exploit the “Chill Guy” image, which he holds the copyright for.Challenges in Enforcement
PhillipBankss made it clear that his main concern lies with merchandise and crypto tokens that use his work without consent, rather than brands that incorporate the character for promotional trends. He strongly stated that he does not endorse or approve of his art being utilized in the crypto industry. Cointelegraph reached out for comments but has yet to receive a response from the artist. In light of his threats of legal action, some members of the crypto community are skeptical about the feasibility of such measures. They argue that targeting decentralized tokens launched anonymously poses significant challenges. Once a token goes live on the blockchain, it becomes a permanent entity that exists independently, regardless of the artist’s wishes.Community Reactions and Support
Meanwhile, some users on X have suggested that rather than pursuing legal routes, PhillipBankss should view this situation as a chance to capitalize on his creation. Ideas have floated around, like holding an auction for a non-fungible token (NFT) featuring the character, or simply accepting the moment and using it as a means to enjoy a comfortable retirement. Regardless, many supporters stand firmly behind PhillipBankss, advocating for his rights as an artist. They believe he deserves respect for his creative endeavors, rather than being seen as someone attempting to cash in on a trending circumstance. “`htmlSource: Cointelegraph.com
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