Lil Yachty Sues NFT Seller Opulous for Trademark Infringement
Stating that he never gave the company permission to launch the “Lil Yachty NFT Collection.”
Lil Yachty has filed a trademark infringement lawsuit against NFT seller Opulous.
According to reports, the rapper supposedly never gave Opulous permission to launch the “Lil Yachty NFT Collection,” which would have allowed buyers to hear new Yachty’s new music. The company featured images of Yachty and did press interviews for the collection,“Defendants knew that they did not have authorization to utilize plaintiff’s name, trademark or image… yet did so anyways because [it] was beneficial to Defendants’ commercial enterprise, in blatant and conscious disregard for plaintiff’s exclusive legal rights,” his lawyers claimed.
Yachty further alleges that Opulous reached out to his team for the partnership and that he was part of a second call for a “general introductory meeting,” but neither teams ever reached an agreement. Opulous, however, supposedly pushed through with the announcement of its music NFT collections that followed posts on social media with images of Yachty attached. “There were no further communications between the parties, and accordingly no agreement or deal terms for plaintiff’s involvement in the defendants’ launch of the Opulous platform was ever reached,” the suit continued.
In addition, the lawsuit claims that Opulous and its founder, Lee James Parsons, earned $6.5 million USD in venture capital thanks to the supposedly-exclusive NFT collection, but “[d]efendants have never remitted any funds or earnings to Plaintiff despite generating millions of dollars from the use of his name, trademark, and image.”
Elsewhere in music, Kanye West shared he currently has no plans to do an NFT.
