Home
News
- An Aussie company has falsely claimed to be in partnership with TPCI.
- The organization said they were involved in the development of Pokemon games.
- Federal court has barred them from releasing NFTs associated with the Pokemon franchise.
False Claims by “Fake” Partner
The Pokemon franchise is among the most important aspects of our childhood, especially the millennials. The Pokemon Company International (TPCI) said that Ash Ketchum and his partner Pikachu will leave the franchise after 25 years to make room for new characters in the fan favorite universe. The organization is also trying to resolve a matter involving “fake” collaborators dubbed Kotiota.
The Guardian reports that The Pokemon Company are working with private investigators to trace Kotiota, a firm posing as their partners. They are using the Pokemon characters in a crypto game without using any permissions from the original owners. The federal court barred the Aussie company from using the characters in any of their activities.
In August 2022, several news outlets received legal letters from the organization that they should name Kotiota official Pokemon partners despite having no agreement with the organization. The “fake” collaborators claim to have worked on development of games like Pokemon Violet and Pokemon Scarlet, which the company clearly denied.
The company was concerned regarding the launch of non-fungible tokens, a sector Nintendo and TPCI have refused to enter. According to The Guardian, the company came to know about PokeWorld registered by Kotiota’s Xiaoyan Liu. The website announced a potential release of non-fungible token and a crypto-based game in 2023.
The Pokemon Company was established in 1998 under the name Pokemon Center Co. The organization has since offered a variety of experiences to their audiences including card games, anime series, video games and more. This year, they said that their games Pokemon Scarlet and Violet are coming to Nintendo.
2022 wasn’t a great year for the NFT sector as the market saw a huge downturn and a lawsuit against celebrities for allegedly promoting Yuga Labs’ collections like Bored Apes Yacht Club (BAYC), Mutant Apes Yacht Club (MAYC) and more. The plaintiffs say that Jimmy Fallon, Justin Bieber, Post Malone and more celebs were involved in pumping the price of the collection.
Regulators around the globe consider digital assets as a risky investment concerning heavy volatility associated with the sector. In 2021, the crypto sector took a considerable leap where many virtual currencies saw their all time high. Bitcoin peaked at around $70,000 in the year.
But this year took all the fun when a bear run turned into a bear market. Currently, Bitcoin was trading at a market price of $16,840 according to CoinMarketCap. Ethereum has lost around since ATH in 2021. Apart from this, Bored Apes NFT collection have shed over 90% in its value.
Anurag is working as a fundamental writer for The Coin Republic since 2021. He likes to exercise his curious muscles and research deep into a topic. Though he covers various aspects of the crypto industry, he is quite passionate about the Web3, NFTs, Gaming, and Metaverse, and envisions them as the future of the (digital) economy. A reader & writer at heart, he calls himself an “average guitar player” and a fun footballer.
