The owners of the Grumpy Cat and Nyan Cat trademarks have served cease-and-desist notices on meme coins bearing the same names through an on-chain transaction.
Law Firm Served Legal Notice as an NFT
As there is no specific medium to serve anonymous projects with legal notices, the law firm, Kia Kamran, took the unusual step of serving Grumpy Cat Coin and Nyan Meme Coin with a legal warning on-chain.
A large number of meme projects have taken inspiration from certain viral memes. Would they face copyright infringement claims in the future?
Community Bullish on NFT Utilization
Some NFT enthusiasts see it as a perfect use-case of the technology. A Twitter user wrote, “That’s epic. I’m proud to be a pioneer and witness this perfect utilization of NFTs.” Another user wrote, “Law firms are now being on-boarded into crypto, bullish.”
“Waiting for some higher courts to confirm such a service is sufficient! I assume they also sent the C&D to the host of the site and maybe even twitter? That way they’ll have a bigger chance at reaching the person behind it.”
Lastly, on-chain sleuth ZachXBT claims that the identity of the deployers could be doxxed as the addresses were funded by centralized exchanges.
Some are speculating if the procedure could set a standard for legal actions against decentralized finance (DeFi) and NFT projects.
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