NFT Artist Beeple Risks Copyright Lawsuit For Tweeting About The Chill Guy Memecoin
2024
2024
SOL
MEME
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Michael Winkelmann, a non-fungible token digital artist known professionally as “Beeple,” has jumped into a hot frying pan after accidentally tweeting about the Chill Guy, a controversial meme coin anonymously created on the Solana blockchain network. The new Chill Guy meme coin was created last week and gained over $500 million in market capitalization.
Beeple Tweets About Chill Guy MemeCoin
In a November 22 blog post, Beeple, through his daily artwork, published an image featuring graphics similar to those of “Chill Guy,” a global viral meme sensation from the digital artist Philip Banks. Beeple has found himself risking a copyright lawsuit since Banks had previously banned the public from using his digital art and threatened legal action against meme coins using his art.
MAXCHILLhttps://t.co/eTtuXJ1RZi
— joshisdead.eth (@jsholedamn) November 22, 2024
phillip not gonna be happy
— s4mmy.moca (@S4mmyEth) November 22, 2024
Beeple is an American digital artist, graphic designer, and animator renowned for selling non-fungible token collections. He uses various media in his comical artworks to make political and social commentary while using pop culture figures as references. Beeple has been creating art every day since 2007. He has attracted a huge following on X, formerly Twitter, that now nears 800,000.
In the realm of digital art and the NFT, Beeple has created his brand to become a prominent figure. One of the most significant milestones in his career was the sale of his artwork, “Everydays: The First 5000 Days,” as an NFT. This digital collage comprised five thousand unique artworks created daily over a span of 13.5 years. It was auctioned by Christie’s and sold immediately at a staggering $69 million in 2021.
What Is Chill Guy MemeCoin?
The Chill Guy is a crypto token based on a viral TikTok meme created on the Solana blockchain network less than one week ago. The new meme coin has gone parabolic, touching a $500 million market capitalization just days after launching. The meme coin has left some traders raking in millions from the launch, including one who turned a $1,000 investment into over $1 million in less than a week.
Despite its good performance, this new Chill Guy meme coin was created without the consent of Phillip Banks, the artist behind the viral “Chill Guy” meme. As the new CHILLGUY meme coin roared throughout the week, Banks wrote on Twitter (X) that he would take legal action against meme coins using his art. Fortunately, Beeple has distanced himself from the meme coin and declared that he had no involvement with the project whatsoever.
heads up i have zero involvement with that thing i just followed and have now UNfollowed.
tlrd; <facepalm>
— beeple (@beeple) November 22, 2024
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