As a researcher with years of experience in the dynamic world of internet culture and digital assets, I find myself intrigued by this latest development involving “Chill Guy” and the memecoins that have sprung from his image. It’s fascinating to witness how quickly these phenomena can emerge and gain traction within the crypto community.
The original artist behind the popular “Just a Chill Guy” meme has warned they may initiate a lawsuit against any cryptocurrencies or tokens using their artwork.
On November 15th, a new digital token called CHILLGUY was introduced on the Solana network. This token quickly gained popularity and at one stage reached a market value of half a billion dollars ($580 million). As of now, this meme-inspired coin is trading for $0.4 and has a market cap of around $400 million.
Instead, let’s say this: Contrary to the application of the art in the meme coin, its original creator disapproves of it being employed for cryptocurrency-oriented projects. Now, he is contemplating taking legal steps against the crypto tokens that have unauthorizedly utilized his artwork.
Chill Guy art creator threatens legal action against tokens
On November 21st, the user known as “PhillipBankss” on platform X announced that he has copyrighted the meme character “Chill Guy.” The creator of this meme art indicated that he will be taking down any profit-making content associated with it in the coming days.
The artist mentioned he’s indifferent towards companies capitalizing on the character to hop on a trend. Yet, the original creator warned about taking action against “unauthorized merchandise and fraudulent cryptocurrencies.” On November 18, the creator of the art also made it clear that they do not approve or consent to their work being utilized in “cryptocurrency-related activities.
CryptoMoon reached out to PhillipBankss but did not get an immediate response.
Community responds to Chill Guy art creator
Community members think it’s unlikely that the artist behind PhilipBankss could succeed in pursuing legal action against a meme coin, given its existence on the decentralized blockchain.
One community participant noted that it might be extremely challenging, if not impossible, to pursue legal action against tokens issued anonymously and decentralized. Another user echoed this thought, stating that the crypto token has been permanently recorded on the blockchain, implying its continued existence regardless of the artist’s involvement. The community member emphasized the memecoin would persist whether or not the artist was present.
Simultaneously, certain X users feel the artist could leverage this chance for financial gain. One community member proposed setting up an NFT auction to generate income, while another suggested taking the earnings and retiring comfortably.
However, some defended the artist’s decision, saying he is an artist and “not a scammer.”
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2024-11-21 14:29