Sunday, October 1, 2023
Bitcoin - Altcoin News
No Result
View All Result
  • Login
No Result
View All Result
Bitcoin News
No Result
View All Result
Home News Australia

The Pokemon Company Slams Aussie Studio Over Fake NFTs

news by news
December 22, 2022
in Australia, cryptocurrency, News, NFT, NFT News
0
The Pokemon Company Slams Aussie Studio Over Fake NFTs
0
SHARES
113
VIEWS
Share on FacebookShare on Twitter

READ ALSO

FTX Exploiter Moved A total of Over 10,000 ETH In Last 24 Hours

Just In: DOJ to Summon FTX Clients, Investors, and Employees in SBF Case

Pokemon

The Pokemon Company International is suing Pokemon Pty Ltd over the promotion of a new NFT-based Pokemon mobile game. Pokemon Pty Ltd is an Australian business that set up and advertised a website under the name Kotiota Studios. However, it claimed to be launching a cryptocurrency game called PokeWorld.

The Pokemon Company International (TPCI) won orders in federal court on Wednesday prohibiting Parramatta-based developers Kotiota from using well-known characters from video games, movies, and television in their software. However, it is going to release non-fungible tokens bearing the Pokémon name and make claims that the company has a connection to TPCI.

There is still access to the PokeWorld website. In order to prevent Pokemon Pty Ltd from launching the game and selling any NFTs that use their intellectual property. The Pokemon Company International has asked the court to seek a ruling that will forbid Pokemon Pty Ltd from using its trademarks on the website and social media.

The Pokemon Company was concerned about the Pokemon NFT launch

TPCI has stated that Kotiota did not work on the most recent Pokemon games, Pokemon Violet and Pokemon Scarlet. However, Kotiota has claimed on its website to be working on it.

In November, TPCI learned about a website called PokeWorld that Xiaoyan Liu, the CEO of Kotiota, had registered. The website made plans public for the January 2019 release of NFTs and a game based on cryptocurrency.

TPCI was particularly concerned about the introduction of NFTs. According to documents filed, TPCI and Nintendo had “deliberately decided” not to participate in the NFT market.

Pokemon rights are owned by TPCI

When TPCI first tried to stop Kotiota from using Pokemon, it hired a cybersecurity company to locate Kotiota’s offices in Parramatta. However, the company was unable to locate anyone in the building.

The rights to Pokemon are owned by The Pokemon Company International, not the other business. At this point, Pokemon Pty Ltd must cease all operations, including game promotion. The court claims that TPCI has a compelling case and requests more details before discussing costs or damages. Further legal action may be taken if they don’t respond.

Also Read: Top 5 Sports Personalities Who Own NFT In 2022; Here List

The post The Pokemon Company Slams Aussie Studio Over Fake NFTs appeared first on CoinGape.

Related Posts

24/7 Cryptocurrency News

FTX Exploiter Moved A total of Over 10,000 ETH In Last 24 Hours

October 1, 2023
24/7 Cryptocurrency News

Just In: DOJ to Summon FTX Clients, Investors, and Employees in SBF Case

September 30, 2023
24/7 Cryptocurrency News

Breaking: Brazil Launches Blockchain-Powered National Digital ID

September 30, 2023
24/7 Cryptocurrency News

Just In: DALL-E 3 Ignites Artistry Rebirth via Bing Creator AI

September 30, 2023
24/7 Cryptocurrency News

US Treasury Secretary Sounds Alarm on Possible Recession in Case of Government Shutdown

September 30, 2023
24/7 Cryptocurrency News

Breaking: Vitalik Buterin Charts Path to Decentralized Ethereum Staking

September 30, 2023
Next Post
The Pokemon Company Sues Aussie Studio Over Fake NFTs

The Pokemon Company Sues Aussie Studio Over Fake NFTs

POPULAR NEWS

Bitcoin Price Prediction: On-Chain Data And Analysts Predict More Upside For BTC

Bitcoin Price Prediction: On-Chain Data And Analysts Predict More Upside For BTC

December 7, 2022
Crypto Prices Today: Huobi Token, Ethereum, Dogecoin Is Up; Solana Takes A Dip

Crypto Prices Today: Huobi Token, Ethereum, Dogecoin Is Up; Solana Takes A Dip

December 7, 2022
Donald Trump’s NFT Trading Cards Pump 350% In Value Upon Launch

Donald Trump’s NFT Trading Cards Pump 350% In Value Upon Launch

December 17, 2022
Bitcoin Price Today: BTC Rises By Nearly 2% While BlockFi Files For Bankruptcy

Bitcoin Price Today: BTC Rises By Nearly 2% While BlockFi Files For Bankruptcy

December 7, 2022
Breaking: “Guilty” FTX Executive Will Now Cooperate Against SBF In Probe

Breaking: “Guilty” FTX Executive Will Now Cooperate Against SBF In Probe

February 28, 2023

EDITOR'S PICK

Breaking: Mastercard, Visa Halt Crypto Plans Amid Market Downturn: Report

Breaking: Mastercard, Visa Halt Crypto Plans Amid Market Downturn: Report

February 28, 2023
HashKey Secures Approval for Off-Platform Virtual Asset Trading in Hong Kong

HashKey Secures Approval for Off-Platform Virtual Asset Trading in Hong Kong

February 24, 2023
With Growing Speculation Of 50bps Rate Hike, Is A Crypto Crash Incoming?

With Growing Speculation Of 50bps Rate Hike, Is A Crypto Crash Incoming?

March 7, 2023
Crypto Prices Today: Bitcoin Jumps Over 7%, Breaches 22k Mark, Solana Gets Double-Digit Boost

Crypto Prices Today: Bitcoin Jumps Over 7%, Breaches 22k Mark, Solana Gets Double-Digit Boost

January 21, 2023
Bitcoin - Altcoin News

© 2022 coingger.com

Navigate Site

  • Europe
  • Exchange
  • Elon Musk
  • ETH Price
  • crypto Tax U.S.
  • CZ
  • Crypto Miners
  • BTC Price
  • ChatGPT
  • China crypto
  • Coingecko
  • Binance Smart Chain
  • Bitcoin $100K
  • Airdrop

Follow Us

No Result
View All Result
  • Homepages
    • Home Page 1

© 2022 coingger.com

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In