The Pokemon Company has taken legal action against a crypto company over an NFT game that they claim is infringing on their intellectual property rights. In a lawsuit filed in Tokyo district court, The Pokemon Company has accused the crypto company of creating and distributing a game using characters, artwork, music, and other aspects of their franchise without permission. The company is seeking monetary compensation for damages and to prevent any further infringements.
The Pokemon Company is responsible for managing the iconic Pokémon franchise, which includes video games, trading cards, movies, and television shows. This extensive legacy dates back to 1996 and has grown to include countless fans who have helped it become one of the most recognizable names in the world of entertainment.
The company creates new games every year that allow users to experience different aspects of the Pokémon world. Recently they have been exploring ways to incorporate non-fungible tokens (NFTs) into their digital offerings An NFT is a unique digital asset that can be used as currency or in digital games.
Earlier this year a crypto company released a game called “My Crypto Heroes” with characters and artwork based on those from the Pokémon universe. The Pokemon Company alleges that these assets were created without permission and therefore were infringing on their intellectual property rights.
The lawsuit demands that all infringing assets be removed from the game as well as compensation for damages incurred by The Pokemon Company by way of lost sales or decrease in value due to lost reputation. Additionally, The Pokemon Company wants an injunction preventing any further infringements.
“We must take preventive