{"id":5969,"date":"2023-04-12T12:37:06","date_gmt":"2023-04-12T12:37:06","guid":{"rendered":"https:\/\/nft.runfyers.com\/index.php\/2023\/04\/12\/lil-yachty-settles-lawsuit-with-opulous-over-nft-marketing\/"},"modified":"2023-04-12T12:37:06","modified_gmt":"2023-04-12T12:37:06","slug":"lil-yachty-settles-lawsuit-with-opulous-over-nft-marketing","status":"publish","type":"post","link":"https:\/\/nft.runfyers.com\/index.php\/2023\/04\/12\/lil-yachty-settles-lawsuit-with-opulous-over-nft-marketing\/","title":{"rendered":"Lil Yachty Settles Lawsuit With Opulous Over NFT Marketing"},"content":{"rendered":"

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More than one year ago, the rapper Lil Yachty filed a trademark infringement lawsuit against NFT seller Opulous. The case has just been settled, according to court documents obtained by the media Rolling Stone. Let\u2019s take a closer look at the lawsuit.<\/span>\n<\/picture>\n

What Was the NFT Lawsuit?<\/strong><\/span><\/h2>\n

The original lawsuit alleges that Opulous, a company operating as Ditto Music, used rapper Lil Yachty<\/a>\u2018s name and image without his permission. Furthermore, Ditto Music falsely represented him as their flagship artist partnership. That helped the company secure over $6.5 million in venture capital funds.<\/span><\/p>\n

Lil Yachty and Ditto Music did hold conference calls to discuss the possibility of a collaboration. However, they never reached an agreement or fixed any deal terms. Despite this, in June 2021, Ditto Music allegedly moved forward with its NFT<\/a> series, claiming it would be \u201cled by world-famous artists including Lil Yachty.\u201d The company even utilized a photo of the rapper for promotional purposes.<\/span><\/p>\n

At the time of writing, we do not know the details of the settlement.<\/span><\/p>\n

Who is Lil Yachty?<\/strong><\/span><\/h2>\n

Lil Yachty, a 25-year-old rapper, singer, and songwriter, was born as Miles Parks McCollum. He gained fame with the release of his two mixtapes, \u201cSummer Songs 2\u201d and \u201cLil Boat.\u201d Prior to that, his singles \u201cOne Night\u201d and \u201cMinnesota\u201d attracted attention in August 2015.<\/span><\/p>\n

Lil Yachty has been one of the early adopters of blockchain and cryptocurrency. He launched his first NFTs in June 2021. In addition to that, he participated in the launch of the Binance NFT Marketplace the same month. He also released the \u201cYachtyCoin\u201d on Nifty Gateway<\/a> as an NFT.<\/span><\/p>\n

The dispute between the rapper and Ditto Music exemplifies how some NFT creators exploit the fame of celebrities to generate profit. Although the details of the settlement have not been disclosed, it is likely that Ditto Music paid a significant amount to resolve the issue.<\/span><\/p>\n

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Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

More than one year ago, the rapper Lil Yachty filed a trademark infringement lawsuit against NFT seller Opulous. The case has just been settled, according to court documents obtained by the media Rolling Stone. Let\u2019s take a closer look at the lawsuit. What Was the NFT Lawsuit? The original lawsuit alleges that Opulous, a company […]<\/p>\n","protected":false},"author":1,"featured_media":5970,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[9],"tags":[21],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/nftevening.com\/wp-content\/uploads\/2023\/04\/Capture-decran-2023-04-12-a-14.20.24-1024x586.png","jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/5969"}],"collection":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/comments?post=5969"}],"version-history":[{"count":0,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/5969\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/media\/5970"}],"wp:attachment":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/media?parent=5969"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/categories?post=5969"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/tags?post=5969"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}