Pepe The Frog creator has $4M ‘Sad Frogs’ project removed from OpenSea

Pepe The Frog creator has $4M ‘Sad Frogs’ project removed from OpenSea

Creator of the beloved, sometimes controversial Pepe the Frog meme, Matt Furie requested that a frog-themed NFT project worth $4M be removed from OperSea fo copyright infringement.

The “Sad Frogs District” is an NFT project containing 7000 programmatically generated Sad Frog NFTs from a selection of around 200 traits. The artwork depicted in the NFTs may draw some inspiration from Furie’s character Pepe.

Our top trading bots

According to OpenSea’s Community-help Discord channel on Aug. 17, numerous members had asked why the verified NFT project had been delisted as they could no longer access the Sad Frog NFTs on the platform.

An OpenSea moderator later confirmed the delisting, noting that “Pepe items have been delisted due to a DMCA takedown request by the creator of Pepe, Matt Furie.”

The Sad Frogs District was launched earlier this month and has already generated more than $4 million in volume from a median price of $450 per NFT.

A Digital Millennium Copyright Act (DMCA) takedown occurs when a copyright owner asserts that their content is being used online without their permission, and requests its removal to forego further legal action.

“We know this is likely disappointing, and we don’t enjoy doing it—that said, we must comply with lawful takedown requests,” the message read.

However, the moderator also added that while OpenSea had to comply with the DMCA takedown, creators that feel that “their work should not be subject to a DMCA are welcome to file a counter-DMCA. We are unbiased and will follow whatever is lawfully required.”

According to the project’s website, the Sad Frogs are “inspired by collective artworks of internet artists and cyberpunk aesthetics.” The team appears ready to fight the copyright claims after it revealed that it has taken up the option to submit a counter DMCA to OpenSea.

Related: Rarest Pepe — ‘most important NFT in art history’ — sells for 205 ETH

It is unclear how this DMCA claim will play out, as the project’s artwork doesn’t appear to directly depict Pepe the Frog. Twitter user “Iced Cooly” also pointed out that Furie is playing working in a grey area of his own, as the Pepe creator has an NFT listed on OpenSea depicting Star Wars character Jabba the Hut in his unique art style.

Pepe the Frog first appeared in Furies’ 2005 comic book series “Boy’s Club” as a laid back frog with the now famous catchphrase “feels good man.” The character became “internet famous” after years of widespread memeing on social media platforms such as 4chan, MySpace, Tumblr and Reddit.

Furie is no stranger to disputes over the ownership of the Pepe brand, and he played a role in the “Non Fungible Pepe” project being taken down from OpenSea earlier this year. The project was widely successful and was on track to make $60 million, but he refused to approve the project after the team reached out to him to see if he wanted to be involved.

He has also regularly fought to take the beloved frog back from the alt-right connotations attributed by 4chan users. In 2019 Furie was awarded $15,000 in a copyright settlement against Alex Jones’ Infowars for selling Pepe themed wall art.

Read on here Cointelegraph
Institutions increase exposure to Grayscale Bitcoin Trust as GBTC discount nears 30%
Institutional investors are returning to accumulate Grayscale Bitcoin Trust (GBTC) shares as the discount to spot price his risen to nearly 30%, data on...
Ethereum futures premium hits a 7-month low as ETH tests the $2,400 support
Ether (ETH) reached a $3,280 local high on Feb. 10, marking a 51.5% recovery from the $2,160 cycle low on Jan. 24. That price was the lowest in six months,...
Binance​.US officially launches trading services in Connecticut
United States cryptocurrency exchange Binance.US, which operates separately from the global Binance platform, has officially opened its trading services...
USDC flips Tether on the Ethereum network
Circle’s USD Coin (USDC) has reached a major milestone by surpassing Tether (USDT) in total supply on the Ethereum network.USDC’s current supply on Ethereum...
Price analysis 10/27: BTC, ETH, BNB, ADA, SOL, XRP, DOT, DOGE, SHIB, LUNA
Bitcoin (BTC) has broken back below the psychological support at $60,000. While this seems to be negative in the short term, the price action has continued...
Subsidiary of Mexican airline Volaris accepts Bitcoin payments
As a result of El Salvador’s mainstream Bitcoin (BTC) adoption, Volaris El Salvador, a local subsidiary of budget Mexican airline Volaris, will accept Bitcoin...
Traders use this classic trading pattern to determine when to ‘buy the dip’
Traders use various technical analysis tools to identify emerging trends and profitably trade that direction. One popular trend-defining pattern that traders...
South Korea’s crypto regulation is now expanding to foreign businesses
Due to their anonymity or pseudonymity, digital assets are perceived as entailing the risks of money laundering and financing terrorism. In October 2018,...
Rapper The Game facing $12M judgment along with execs in ICO case
Los Angeles-based rapper The Game, also known as Jayceon Taylor, is facing a $12 million judgment for his role in Paragon Coin Inc — a crypto firm alleged...
Chinese social media giant Weibo reportedly bans crypto-related accounts
China’s crackdown on cryptocurrencies has reportedly spread to social media. Weibo, China’s Twitter-like microblogging service with over 530 million monthly...
Historically accurate Bitcoin metric suggests BTC price has bottomed out
As the price of Bitcoin (BTC) is attempting to establish support at $37,000 on Tuesday, the recent $30,000 lows may have been the bottom, suggests one derivatives...
Litecoin Falls 24% In Bearish Trade
Investing.com - Litecoin was trading at $138.882 by 10:26 (14:26 GMT) on the Investing.com Index on Sunday, down 23.59% on the day. It was the largest one-day...
Bitcoin’s upcoming Taproot upgrade and why it matters for the network
While a vast majority of crypto enthusiasts around the globe seem to be gushing about Ether (ETH) at the moment and how its upcoming London hard fork stands...
Exchange tokens rally ahead of next week’s long-awaited Coinbase IPO
Centralized cryptocurrency exchanges (CEX) have received increased attention over the past couple of months as excitement builds over Coinbase's April 14...
Bitcoin or Altcoins? Which Coin Is The Most Adopted As Money
Adherents of the traditional financial world rarely think heavens of virtual money. The cyber assets often get criticized for their volatile nature and...