CryptoKitties developer Axiom Zen said a lawsuit over its celebrity products involving basketball player Steph Curry "Falsely accuses" it of theft, VentureBeat reports May 25.
In a statement quoted by the publication, Tradestar, a California-based developer which allegedly planned to partner with Axiom on Curry's CryptoKitties, said it and Axiom had signed a non-disclosure agreement in February.
When Axiom announced its own product, dubbed 'CurryKitties,' earlier this month, it constituted a violation of the agreement.
Tradestar is now suing for trade secret misappropriation, CEO Jevon Feinblatt confirmed in an email.
The episode spells trouble for CryptoKitties, which launched in December 2017 and racked up sales worth $12 mln the same month.
In March, Axiom gained another $12 mln in funding from prominent venture partners including Andreessen Horowitz and Union Square Ventures.
"We have been falsely accused of breaching an NDA and believe the lawsuit has no merit," an Axiom spokesperson said about the proceedings.
"Axiom Zen is a company that is committed to ethical and responsible work, including ownership and protection of data."
At the same time, doubts over Curry's actual participation in the CurryKitties has now led to their withdrawal.
"The CurryKitties are taking a cat nap. We have reason to believe Steph wasn't as involved in the CurryKitties as we thought. Until we're sure he's an active participant, we're suspending the campaign."
Celebrity-Themed CryptoKitties Take a 'Cat Nap' Amid NDA Lawsuit
Published on May 25, 2018
by Cointele | Published on Coinage
Coinage
Recent News
View All
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.