According to PANews, the dispute over the portrait rights of the famous social media cat, Nala, has been resolved. Last week, Nala's anonymous owner, Pookie, announced that an agreement had been reached with the Shark Cat team, who had previously used Nala's image to promote tokens. The Shark Cat team confirmed that they had reached an agreement with the Nala brand and obtained permission to use the IP to produce Meme tokens.

Previously, the two parties had disagreements over copyright and token usage issues. Pookie attempted to resolve the issue through negotiation after discovering that the Shark Cat team was using the IP without authorization, but progress was not smooth. As the dispute fermented on the X platform, Pookie began to receive emails from members of the Shark Cat community, feeling their sincerity in resolving the issue. With the help of cryptocurrency lawyer Brandon Sample, the two parties finally reached a settlement, both expressing satisfaction with the outcome. The specific details of the agreement are kept confidential.

According to data from CoinGecko, the price of Shark Cat has rebounded sharply as the two parties reached an agreement, with a price increase of 208% over the past week. The price of each token is currently about $0.15. Despite this, it is still 55% lower than its peak on March 31.

In April, Shark Cat faced a portrait rights lawsuit from Nala Cat after refusing to negotiate with them.