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โ›“๏ธ Crypto๐Ÿ”ด BearishImportance 5/10

Pudgy Penguins accused of trademark infringement by Penguin apparel brand

The Block|RT Watson|
Pudgy Penguins accused of trademark infringement by Penguin apparel brand
Image via The Block
๐Ÿค–AI Summary

Pudgy Penguins NFT project faces trademark infringement accusations from PEI, the Penguin apparel brand. PEI claims Pudgy Penguins ignored a cease-and-desist letter sent in October 2023 when their toy merchandise launched.

Key Takeaways
  • โ†’PEI (Penguin apparel brand) is accusing Pudgy Penguins of trademark infringement.
  • โ†’A cease-and-desist letter was sent to Pudgy Penguins in October 2023.
  • โ†’The legal dispute appears to center around Pudgy Penguins' toy merchandise sales.
  • โ†’Pudgy Penguins allegedly failed to respond to or comply with the cease-and-desist notice.
  • โ†’This represents a legal challenge to one of the more successful NFT-to-retail crossover projects.
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