An artist behind the well-known “Only a Chill Man” meme has expressed sturdy disapproval of its use in cryptocurrency, threatening authorized motion towards these capitalizing on his work with out consent.
The “Only a Chill Man” (CHILLGUY) token was launched on Solana
$249.43
’s blockchain on November 15. Its market capitalization peaked at $580 million earlier than stabilizing at $400 million, with the token valued at $0.40.
Regardless of its success, the meme’s creator, working underneath the title PhillipBankss on X, denounced the commercialization of his artwork.
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The artist publicly introduced that he holds copyright over the character. He plans to focus on unauthorized business use of the picture. He posted, “Simply placing it on the market, chill man has been copyrighted. Like, legally. I will be issuing takedowns on for-profit-related issues over the subsequent few days”.
Moreover, the artist explicitly distanced himself from any endorsement of crypto-related initiatives involving his creation.
Nevertheless, neighborhood responses have been break up. An X person argued that authorized efforts is perhaps futile because of the decentralized and nameless nature of blockchain-based initiatives. One other one highlighted the permanence of the blockchain, suggesting that the token’s existence is irreversible whatever the artist’s stance.
Conversely, others proposed that PhillipBankss flip the scenario to his benefit. Strategies ranged from launching his non-fungible token (NFT) assortment to monetizing his work in ways in which align with the blockchain’s ethos. One X person underneath the title “comet” stated:
He might’ve had ten million {dollars} in donations if he simply posted a pockets deal with
However, some sided with the artist’s principled stance, defending his proper to take care of management over his creation.
Total, the world of digital property by no means runs wanting surprises and controversies. Not too long ago, a livestream by a Gen Z child brought about a stir, sending QUANT tokens hovering by $35 million. What did the child do? Learn the complete story.
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