Beeple Entangled in Controversy Over Chill Guy MemeCoin Tweet

Beeple’s Unfortunate Encounter with Chill Guy MemeCoin

A digital artist known as Beeple, famous for his non-fungible token artworks, found himself in a precarious situation after inadvertently tweeting about the Chill Guy, a meme coin emerging on the Solana blockchain. This new meme coin swiftly amassed over $500 million in market value, sparking attention and controversy.

Beeple’s Artistic Implications and Background

Utilizing his daily artwork postings, Beeple shared an image resembling the popular “Chill Guy” meme created by digital artist Philip Banks. Banks had previously prohibited the use of his art for meme coins and threatened legal repercussions. Beeple, renowned for his NFT collections and political satire, faces potential copyright challenges due to this inadvertent association.

The Rise of Chill Guy MemeCoin and Its Legal Troubles

Chill Guy swiftly became a sensation in the crypto world, garnering a market capitalization of $500 million within days of its launch on the Solana blockchain. Despite its success, the creator of the original “Chill Guy” meme, Philip Banks, voiced intentions to pursue legal action against meme coins using his art without consent. Beeple clarified his lack of involvement in the Chill Guy project to distance himself from any potential legal entanglements.

Summary:

Amidst the fervor surrounding the Chill Guy meme coin, Beeple inadvertently found himself embroiled in controversy due to his vague association with the project. As the NFT artist seeks to maintain his artistic integrity and legal standing, the Chill Guy phenomenon continues to captivate the crypto community while facing legal scrutiny from the original creator.