Summary
Pet owner discovers cat’s image used in meme coin, leading to dispute over profits and control. Legal expert suggests owner may have strong case for copyright infringement. Owner considering legal action to regain control of coin. Token value drops 70% amid controversy.
Key Points
1. The viral meme of a pet can inspire a crypto token that generates significant value, causing tensions between pet owners and crypto communities.
2. In the case of Shark Cat, the cat owner, Pookie, sought more control and compensation from the crypto community using her pet’s likeness.
3. Legal action may be pursued by Pookie against the Shark Cat team for profiting off her copyrighted work, highlighting the potential legal implications in the realm of meme coins and pet ownership.