What would you do if a character you worked hard to create became popular in the cryptocurrency circle overnight, but you found that you did not benefit from it, but someone else made a fortune from it?
This is exactly the dilemma facing digital artist Phillip Banks. After his Chill Guy character became popular on TikTok, an anonymous person made a memecoin with a market value of up to $300 million. Faced with this sudden "wealth", Banks was not happy because he found that he did not get the respect and rewards he deserved.
"Chill Guy is already legally copyrighted!" Banks vented indignantly on social media. He plans to issue takedown requests for any commercial items related to the character in the coming days.
But the question is, in the anonymous and decentralized world of the cryptocurrency world, how difficult is it to hold someone accountable? The creator of the Chill Guy meme coin only used the pseudonym "mrowl", which made Banks's road to rights protection full of challenges.
Despite this, Banks has not given up. He said that he will try to send requests to decentralized exchanges and other platforms, hoping that they can avoid trading the meme coin to weaken its market liquidity. At the same time, he may also put pressure on centralized exchanges such as Coinbase or Binance to prevent them from listing the Chill Guy meme coin.
So, who exactly is Chill Guy? It turns out that this is a character created by Banks in October last year, which quickly became popular on TikTok for its casual personality. However, as its popularity increased, it attracted the covetousness of criminals.
Banks is feeling very heavy as he watches the market value of the Chill Guy meme coin soar. He said he doesn't mind brands and TikTok users using Chill Guy in their posts, but only if he is given due credit. However, he will not tolerate those who use Chill Guy's image for profit without authorization.
This copyright war has caused a stir in the cryptocurrency world. On the one hand, people are amazed at the wealth-making power of memecoins; on the other hand, they are also beginning to pay attention to the copyright protection of digital artworks. After all, in this decentralized world, how to protect the rights of creators has become an urgent problem to be solved.
So, who will win this copyright war? Will the Chill Guy meme coin continue to be popular? Or will it be forced to be delisted and disappear?
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