Pokémon Company Sues Australian Firm Over NFT Game: Details
The Pokémon Company International is taking legal action against Kotiota Studios for releasing NFT games and Web3 projects revolving around the famous cartoon characters. The incident was triggered after Kotiota Studios started promoting an NFT game based on Pokémon characters. Kotiota Studios is the parent firm of Pokémon Pty Ltd, the platform behind the NFT game. Official legal documents filed by the Pokémon Company International confirm the development.
The Pokémon Company International has claimed that Kotiota Studios, while not being an officially appointed contractor, has been linked to other related games such as Pokémon Scarlet and Violet as well as Pokémon Home. Its latest game offering is named PokéWorld.
“Applicant seeks to restrain respondents and related entities from representing licence to develop Pokémon Games or affiliation with Pokémon Company International, Inc and/or the Pokémon brand — where applicant seeks to restrain the respondent from using any name or word which is misleading,” the legal filing by the Pokémon Company International said.
The Pokémon franchise, that shows fantasy animal characters with superpowers, was created by Japanese animator Satoshi Tajiri in 1996. The franchise is currently managed by the Pokémon company and enjoys a cult following around the world.
The company has specified that no official NFTs around Pokémon characters have been released so far.
The Pokémon Company International owns the rights to Pokémon that makes their court case compelling.
The first hearing over this case was scheduled for December 21. As per Vooks.net, representatives from the Pokémon company showed up, but nobody from Kotiota Studios did. For now, the details of this case's proceedings remain unclear.
NFTs or non-fungible tokens are digital collectibles, built on blockchain networks. Susceptible to price fluctuations, purchasing unofficial NFTs can expose buyers to scams or even bigger financial risks.
Back in August, Justin Bieber, Eminem, Snoop Dogg, and Paris Hilton were named among 19 celebrities who were warned against promoting NFT projects without revealing their associations with the projects.
The Truth in Advertising (TINA.org) had reached out to the celebrities asking for clarifications on their NFT associations.
If you want to know other articles similar to Pokémon Company Sues Australian Firm Over NFT Game: Details you can visit the category: Tech News.