First Mover Asia: 1. Crypto traders in Asia are more confident than their Western peers because of clear regulatory guidance 2. Analysis: Meme coins aren't exempt from respecting the intellectual property of others
GrumpyCat and Pepe, two pump-and-dump meme coins, are at war. GrumpyCat’s feline army wants the frog on a platter., while Pepe is an image of a cartoon frog originally from a little-known cartoon called Boys Club but has since been re-appropriated by online groups. These are both recognizable brands made by someone else, and just like Charlie Brown or Homer Simpson, are the intellectual property of their respective authors.
The team behind GrumpyCat wants the world to know this is all a joke, and they aren’t in it for the money. “GrumpyCat is not a revenue-generating project. In fact, it proudly embraces its status as a useless meme token,” the site reads. “GrumpyCat takes a cynical and skeptical approach to the world of crypto, providing a much-needed breath of fresh air for those tired of hype and unrealistic promises.”
But here’s the problem: they don’t have the rights to GrumpyCat. It’s not theirs to market. Even if they say it’s all in good fun and they aren’t doing it for the money, GrumpyCat, the IP, belongs to someone else. It’s the property of GrumpyCat LLC, and that company has specifically trademarked GrumpyCat in the context of crypto , according to the U.S. Patent Office.
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