Chill Guy Meme Creator Strikes Back: Legal Battle Looms Over Memecoins

The “Just a Chill Guy” (CHILLGUY) token was introduced on Solana

Despite its success, the meme’s creator, operating under the name PhillipBankss on X, denounced the commercialization of his art.

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The artist publicly announced that he holds copyright over the character. He plans to target unauthorized commercial use of the image. He posted, "Just putting it out there, chill guy has been copyrighted. Like, legally. I'll be issuing takedowns on for-profit-related things over the next few days".

Furthermore, the artist explicitly distanced himself from any endorsement of crypto-related projects involving his creation.

However, community responses were split. An X user argued that legal efforts might be futile due to the decentralized and anonymous nature of blockchain-based projects. Another one highlighted the permanence of the blockchain, suggesting that the token’s existence is irreversible regardless of the artist’s stance.

Conversely, others proposed that PhillipBankss turn the situation to his advantage. Suggestions ranged from launching his non-fungible token (NFT) collection to monetizing his work in ways that align with the blockchain’s ethos. One X user under the name "comet" said:

He could’ve had ten million dollars in donations if he just posted a wallet address

On the other hand, some sided with the artist’s principled stance, defending his right to maintain control over his creation.

Overall, the world of digital assets never runs short of surprises and controversies. Recently, a livestream by a Gen Z kid caused a stir, sending QUANT tokens soaring by $35 million. What did the kid do? Read the full story.